Dry Cargo

Diana Takes Delivery of Newly Built Capesize Dry Bulk Carrier
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/v “G. P. Zafirakis” (formerly Hull No. BC18.0-50), a 179,492 dwt newly built Capesize dry bulk vessel that the Company entered into an agreement to purchase in June 2014.
Pan Ocean arrest lifted by court decision
The High Court of Singapore has upheld a first instance decision striking out the action by Transocean Oil Pte Ltd against the Pan Ocean’s boxship “STX Mumbai” and also set aside the arrest of the vessel, Clyde & Co, Pan Ocean’s legal representatives on the case said.
Ionic & New Shipping move for bulkers secondhand
A Carriers Market Report (W33) mentions Greece's Ionic Shipping has acquired bulk carrier NAVIOS TITAN (dwt 82,936 blt 2005 Japan) at the price of USD 17.7 million while New Shipping has moved for bulker LAN HAI JIN XIU (dwt 79,600 blt 2014 China) for USD 22.5 million.
Vessel values seen dropping as much as 28 pct - broker
Summer holidays are coming to an end, and activity in both S&P and chartering market shows signs of recovery. Pleasantly, charter rates in the dry bulk sector are improving, especially in the Capesize segment, spreading expectations for a stronger/profitable fourth quarter.
Star Bulk Agrees to Acquire 34 Drybulk Vessels
Star Bulk announced today that it has entered into definitive agreements with Excel pursuant to which the Company will acquire 34 operating vessels for an aggregate of 29.917 million shares of common stock of Star Bulk and $288.39 million in cash.
Capesize rates set to soar now - Maersk Broker

The proper conditions are in place for the Capesize rates to make a big leap, and the rates are already underway, Research Manager Rikke Lysberg Bernbom of Maersk Broker maintains. "The average time charter rate currently stands at around USD 16,000 for Capesize. For September the forward rates, FFA (Freight Forward Agreements) look set to reach USD 20,000, and the total average for the fourth quarter will be USD 26,000," she says...
Capesize rates rose 66% last week & are set to “rise to much further” this year - analyst
After a 66% rise in capesize rates last week analyst Commodore Research & Consultancy believes they are set to “rise to much further” this year. Rates for capesize dry bulk carriers increased by $6,167 last week, or 66%, to $15,516 per day driven primarily by iron ore shipments from Brazil. Commodore noted that 10 vessels, including nine capesizes where chartered on the spot market for Brazilian iron ore cargoes, four more than the week before and the highest weekly total since the start of July.
Lion Shipbrokers Weekly Report (W33)
Lion Shipbrokers report deals involving Greek players in the secondhand market for bulk carriers and containerships in week 33. M/V "NAVIOS TITAN" (82,936 dwt, blt 2005, Tsuneishi/Japan) sold to Greek buyers for $17.7 million...
Cosco secures bulker order
Cosco (Zhoushan) Shipyard Co., Ltd has secured a contract valued over USD 56 million from an Asian buyer to build two 64,000DWT bulk carriers, Cosco Corporation (Singapore) Limited has revealed.
Cyprus Maritime & Navegatora Transpacifica linked to deals
Lion Shipbrokers report M/V "MARABOU" (40,908 dwt, blt 1989 3 Maj/Croatia) sold to Greek buyers (clients of Navegatora Transpacifica) for $4.8 million. Furthermore, M/V "VIRGINIA" (66,644 dwt, blt 2005 Hyundai/S. Korea) sold to Greek buyers (clients of Cyprus Maritime) for $15 million.


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