Dry Cargo

Alpha Tankers & Technomar active in secondhand market
Brokers report Greece's Alpha Tankers & Freighters has acquired bulk carrier BLUE MANASLU (dwt 179,276 blt 2011 S. Korea) at the price of USD 51.5 million. Technomar has also reportedly moved for bulkers in week 26, namely the CROWN MINA (dwt 58,018 blt 2012 China) and CROWN ALEXANDRA (dwt 57,981 blt 2012 China) for USD 24.9 million each.
Greeks go for bulkers (again)
The BDI index declined even further this week in the low 800’s and was halted today by a cape driven boost at 831 points. The chartering market remains “anaemic”, and in combination with the summer holidays in Europe, we experienced one more week of slow s+p activity with 7 bulker sales (1 cape, 3 panamaxes & 3 supras) changing hands, all gone to Greek and Chinese buyers.
Diana Shipping: Acquisition of New-Building Capesize Dry Bulk Vessel

Diana Shipping announced that on June 24, 2014, it signed through a separate wholly-owned subsidiary, a Memorandum of Agreement to acquire from an unaffiliated third party seller, a new-building Capesize dry bulk vessel of approximately 180,000 dwt, built by Qingdao Beihai Shipbuilding Heavy Industry Co., Ltd., Qingdao, People’s Republic of China, for a purchase price of US$58 million.
Dry Bulk Ship Rates Poised for Record Low on Indonesian Ore Ban
Freight rates for the biggest vessels to navigate the Panama canal are poised to slump to a record because of Indonesia’s ban on exports of nickel and aluminum ore, according to an operator of the ships.
Arriva buys bulk carrier MV “Lappland” from Sommerwiese
Arriva Shipping bought the bulk carrier MV “Lappland” from the German company 3.Sommerwiese UG. The formal change of ownership took place on June 25, 2014. The ship was built in 2009 at Sainty Shipbuilding (Jiangdu) Corp Ltd. in China.
Fearnleys Weekly (W26) GAS - CHARTERING: The eastern market is moving further up and the Baltic VLGC index this week passed USD 130/mt... 26/6/2014
Greeks active in secondhand & newbuilding markets

Intermodal reports several deals involving Greek players in the S&P market this week (25). In the VLCC sector, we had the sale of the “NEPTUNE GLORY ” (299,127dwt-blt 98, S. Korea), which was picked up by Greek buyers for a price of $23.2m. In the newbuilding sector, a Greek player has orders 3+3 bulkers (64,000 dwt) at Jiangsu Hantong, China with delivery scheduled for 2015-2016 at the price of approximately USD 27 mln.

Pan Ocean orders two capesize bulkers
Pan Ocean announced an investment to buy two capesize bulk carriers at a total price of KRW114.88bn ($112.83m). The shipowner said the purpose of the investment is to “secure vessels for cargo contracts”.
Ten year old handy sold to Greek player
Ten year old handysize BUMBI (29 K BLT 2004 SHIKOKU /JAPAN CR4X30T 3 GENIES GRAB FITTED) has been committed to Greek interests for $13.25 million, in line with May’s deals of similar size handy CITRUS VENUS (28 K BLT 2001 IMABARI / JAPAN CR 4X30T) for $11 million and larger unit GREAT LEADER (2004 OSHIMA /JAPAN) for $14.2 million.
Feanleys Weekly (W25)
GAS - CHARTERING: The VLGC spot market has had a solid recovery over the last 3-4 weeks - the MEG/Far East benchmark route has risen by 50% from roughly USD 80 to 120 per ton.

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