Dry Cargo

SALT: Closing of Previously Announced Credit Facilities
Scorpio Bulkers announced today that it has closed two previously announced credit facilities, taken delivery of three newbuilding vessels, and agreed to time charter-out a Capesize newbuilding that is currently under construction in China.
Bulker Earnings: A Story Of Two Halves
Despite expectations of an improved market environment in 2014, particularly in the Capesize sector, average spot earnings registered year-on-year declines across the four major bulkcarrier sectors.
Diana: Time Charter Contract for m/v Melite with Glencore
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Glencore Grain B.V., Rotterdam, for one of its Panamax dry bulk vessels, the m/v Melite.
M/V "ARIETTA A" sold to Greeks - Lion
Lion Shipbrokers report bulk carrier M/V "ARIETTA A" (56,947 dwt, blt 2011 Liaoning/China) was sold to Greek Buyers for $19 million.
Australia Wins Iron Ore Market Share in China as Mines Shut
Iron ore exporters from Australia are winning the battle for market share in China, boosting cargoes to the largest buyer and squeezing higher-cost producers as prices decline to the lowest level since 2009.
Phoenix bulker arrested in Singapore
Greece’s Phoenix Shipping & Trading has had its 48,913-dwt bulker, Intrepid (built 1999) arrested in Singapore. The Liberia-flagged vessel was arrested by the admiralty sheriff on the instructions of local law firm Oon & Bazul.
Dry Bulk Equities to Rebound Modestly Amid Fragile Earnings
In 2014, the value of equity market participants in listed Dry Bulk companies eroded massively, with many companies losing more than half of their market capitalisation...
Rise in Newcastle coal terminals’ queues should be short-lived
The logistics coordinator for the Hunter Valley coalfield’s transport corridor in eastern Australia said on its website Tuesday that 28 ships were listed to load coal cargoes this week at Port Waratah’s loading facilities.
Australia iron ore ports reopen as cyclone threat eases
Two of the world's biggest iron ore export terminals, Port Hedland and Dampier in Australia, reopened on Tuesday following brief shutdowns due to the threat of a cyclone that never materialised, the Pilbara Ports Authority said.
Ship-finance a hurdle to prospective buyers
Regardless of the attractive prices, a “wait-and-see” attitude prevails amongst the second hand market; buyers expect values to decrease further while sellers are holding their horses hoping for a chartering market (& asset values) recovery in the near future...

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