Dry Cargo

Hellenic sells bulker
Hellenic Carriers announced that, in continuation of its fleet renewal program, its wholly owned subsidiary Arkadia Maritime Corp. has completed the sale of the 1995-built at Halla Engineering & Heavy Industries, Korea 44,809 dwt Handymax dry bulk carrier, M/V Hellenic Horizon.
Lion Weekly Report (W12)
Lion Shiprbokers report few deals involving Greek players in the secondhand market during week 12.  In the Bulkers segment, M/V "GLOBAL WIND" (53,026 dwt, blt 2003, Oshima/Japan) sold to Greek buyers (clients of Drastirios Shipping) for $8.7 million...
Australia’s coal vessel queues shorten as China demand falls
Vessel queues at Australia’s main east coast coal export facilities are at relatively low levels for the time of year and some market experts suggest lower Chinese demand and seasonal factors may be the reason.
New Shipping goes for USD 26.5 mln tanker
In the VLCC sector Intermodal reports the sale of the “TAKASUZU” (279,989dwt-blt 00,Japan), which was sold to Greek owners, New Shipping for a price in the region of $26.5 million.
Asia Dry Bulk-Capesize rates to remain flat despite capacity cuts
Rates for capesize bulk carriers, which have been close to six-year lows for the last two months, are unlikely to improve as a tonnage glut continues to weigh on the market even as owners increasingly idle, lay-up or scrap their vessels, brokers said.
MOL’s Coal Carrier will Serve for Tokyo Electric Power
Mitsui O.S.K. Lines, Ltd. announced that the coal carrier Hakutaka, which will serve Tokyo Electric Power Company, Inc., was delivered at Mizushima Shipyard of Sanoyas Shipbuilding Corporation on March 26, 2015...
The Dry Bulk Fleet At Breaking Point
The severe oversupply in the bulkcarrier fleet has contributed to the current trough in the dry bulk market, putting considerable financial pressure on owners, many of whom are subject to earnings close to operating costs.
Baltic sea freight index up
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, edged up on Wednesday as rates for large capesize as well as relatively smaller handysize and supramax vessels rose.
Rickmers wins technical contracts for 7 carriers
Rickmers Shipmanagement has been awarded with the technical shipmanagement for a fleet of seven supramax bulk vessels.
Quintana finds short period employment for bulker
Quintana Shipping has found short period employment for one of its bulkers at a reduced rate, according to broker reports.

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