Dry Cargo

Quintana & Minerva Marine linked to deals

Quintana has placed an order for 2 (+2) bulk carriers at Sungdong, S.Korea, according to broker reports. The vessels will be delivered in 2015 at a cost of USD 47 million – 48 million. In the secondhand market, brokers report Greece’s Minerva Marine has snapped up MR tanker vessel HALLINDED (45,990 / 2008 / Japan) for USD 20.5 million.

2/5/2013
Greeks make moves in secondhand market

Greek owners have been highly active in the secondhand market in week 7. In the bulk carrier segment, brokers report the PERUVIAN EXPRESS (79,252 2012 CHINA) was bought by Greeks for USD 19 million...

1/5/2013
Greeks active in secondhand market
In the Supramax sector, the resale YANGZHOU DAYANG DY4012 reported sold to undisclosed Greek buyers at US$ 25.1 million, the latest Clarkson Hellas S&P Weekly Bulletin notes. Japanese controlled M/V VALENTE ACE after inspected by 6 buyers during her SS/DD in Naikai, Japan, understand she is committed to Greek buyers for US$ 20.5m.
 30/4/2013
Ore-Ship Rates Climb to a One-Month High as Charters Increase
Costs to haul iron ore and coal on Capesize ships, the largest carriers of the commodities, rose for a third session to a one-month high after more vessels were chartered.
 30/4/2013
Oceanbulk & Econav linked to deals
Greek players continue to dominate the dry bulk second hand market, Lion Shipbrokers report. Seven to eight prospective buyers (half of them being Greeks) are currently inspecting Japanese controlled panamax BOTAFOGO (76K BLT 2001 IMABARI/JAPAN).
 29/4/2013
Diana not "Pacific Tiara" buyer
Diana Shipping has dismissed rumours that it had purchased the 180,000–dwt capesize bulker Pacific Tiara (built 2004) worth USD 25.5 million, in response to broker reports to the contrary.
 25/4/2013
Fearnleys Weekly: Buyers turn to Japan for bulkers
Bulkers are much in focus and several buyers turning to Japan as Japanese yards are becoming competitive and offering latest eco design. Some Japanese yards can offer early deliveries in first half of 2015, whilst others only have openings well into 2016 and even 2017.
 25/4/2013
Ore-Ship Rates Slump for Eighth Day as China Demand Seen Slowing
Charter rates for Capesize ships that carry iron ore slid for an eighth session amid speculation demand is slowing in China, the world’s biggest importer of the steelmaking raw material.
 25/4/2013
Greeks opt for secondhand bulkers
Dry bulk carrier SEAKOH (172.247 2000 HYUNDAI) has been snapped up by a Greek buyer for USD 16.25 million, according to the latest Clarkson Hellas Weekly Bulletin.
23/4/2013
Greeks Spotting Rates Rebound Order Most Ore Ships Since 2008
Greek ship owners, who control more vessels than those of any other country, are buying the most iron-ore carriers since before the global recession, seizing on plunging prices in anticipation of a market recovery.
 22/4/2013

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