Dry Cargo

China: Imported iron ore stockpiles continue to rise
Stockpiles of imported iron ore at 33 major Chinese ports rose 0.78 percent over the week ending Nov. 24 following a week of low demand, Xinhua’s latest economic report showed Tuesday.
26/11/2014
Navios Holdings acquires capesize bulker
New York-listed Navios Holdings paid $51.4m for 179,500-dwt capesize Berge McClintock built in 2012, according to its quarterly report.
24/11/2014
Greeks active in secondhand market (W47)
Lion Shipbrokers report three deals involving Greek players in the bulkers, tankers and containerships segments during week 47. Most notably, M/V "ACS DIAMOND" (53,299 dwt, blt 2005 New Century/China) sold to Greek buyers (hearing to clients of Stam Shipping or Spetses Shipping) for $10.5 million...
24/11/2014
Gulf Coast Embraces U.S. Coal Shippers Rejected by West
When it comes to exporting American coal, the West Coast’s loss is the Gulf Coast’s gain. While environmental opposition has stymied plans to build terminals in California and the Pacific Northwest, the Mississippi River town of Darrow, Louisiana, has a new $300 million export facility.
24/11/2014
M. Stopford: Dry bulk cycle has long way to go before it is over
The dry bulk cycle has a long way to go before it is over, said Clarkson Research Services president Martin Stopford at the Asian Logistics and Maritime Conference in Hong Kong.
21/11/2014
Blue Wall secures financing from CIT for bulkers
CIT Group Inc., a global leader in transportation finance, announced that CIT Maritime Finance provided a $24.1 million senior secured credit facility to Blue Wall Shipping Limited, an investment holding company.
20/11/2014
Marmaras linked to Capesize purchase
In the Capesize sector, Intermodal reports the sale of the “STELLA JADE” (175,932dwt-blt 12, China), which was sold to Greek owner, Marmaras Navigation.
19/11/2014
Genco ship detained in US
A handymax bulker controlled by Genco Shipping & Trading has been detained in the United States. The 55,300-dwt Genco Provence (built 2004) was held in Jacksonville, Florida after the crew failed to perform a satisfactory fire drill.
19/11/2014
Divided opinion on greater specialisation in bulk trades
The trend for the future is towards greater specialisation in the dry bulk market, according to Drewry Singapore president and ceo Arjun Batra, who even went so far as to suggest that "VLOCs (such as the Valemaxes) will eventually push out capes".
18/11/2014
ITCM - Dry S&P report (W46)
ITCM  reports rumoured moves by Greek players in the dry bulk S&P market during week 46. Samios Shipping is reported to have acquired M/V OINOUSSIAN LION (71K DWT BLT 96 HITACHI, JAPAN) at the price of approximately USD 7.2 million...
17/11/2014

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