Dry Cargo

Ship Rates Rise Most on Record as China Seen Buying Ore
The cost of shipping iron ore jumped the most on record amid speculation that Chinese traders are increasing purchases of the raw material used in steel. Daily rates for Capesize vessels hauling about 160,000 metric tons of the commodity jumped 38 percent to $12,580 today, according to the Baltic Exchange...
Lion Shipbrokers Weekly Report (W42)
In the bulkers segment, Lion Shipbrokers reports in week 42 that M/V "SININ" (52,466 dwt, blt 2005 Tsuneishi/Philippines) was sold to Greek buyers (clients of Seamar Management) for $13.8 million. The vessels was sold at auction on 10th October in Jiangyin, China.

Asia Dry Bulk-Capesize rates fall on cargo woes
Rates for capesize bulk carriers on key Asian routes are again likely to fall as the volume of tonnage limits any price gains from an increase in chartering activity, brokers said.
BIMCO: Shipping Market Overview & Outlook - Dry
Demand:  While we await the long-anticipated rebound in Capesize freight rates centred on Brazilian exports, let’s focus on the brighter spots elsewhere in dry bulk shipping...
Pleiades, Almi, Thenamaris linked to acquisitions - brokers

Brokers reports Pleiades has placed an order for two tanker vessels (dwt 72,000) at STX with delivery slated for 2016 at the price of USD 46 million. In the secondhand market, Almi has reportedly moved for bulk carrier BULK LEO (dwt 55,679 blt 2008 Japan) at the price of USD 20.5 million. Furthermore, Thenamaris has moved for tanker vessel MAOHI (dwt 46,177 blt 2006 S. Korea) for a reported USD 18.6 million.

Valemax Iron Ore Carrier Docks at China Port After Deals
A giant iron-ore freighter owned by Vale SA was allowed to dock at a Chinese port last week, Reuters data showed, the first since the Brazilian miner signed deals with two of China’s largest shipping groups in what was seen as a thawing of relations.
Asia Dry Bulk-Capesize rates to fall on chartering drought
Rates for capesize bulk carriers on key Asian routes could continue to fall next week in the absence of major charterers although lower freight rates could tempt top iron ore miners back into the market and potentially buoy rates, brokers said.
Knightsbridge and Golden Ocean Agree to Merge

Knightsbridge Shipping Limited and Golden Ocean Group Limited have today entered into an agreement and plan of merger pursuant to which the two companies have agreed to merge, with Knightsbridge as the surviving legal entity. The Combined Company will be renamed Golden Ocean Group Limited upon completion of the merger.

Navios & Bulkseas make moves in secondhand market
The latest market report compiled by Carriers (W40) noted Navios has moved for bulk carrier CAPE HOPE II (dwt 170,761 blt 2000 Japan) in the secondhand market at the price of USD 22 million.
Capesizes still ailing from low cargo volumes
Capesize rates have declined for a fourth consecutive week as cargo volumes out of Brazil and Australia continue to disappoint.

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