Dry Cargo

NewLead Takes Delivery of Eco-Type Handysize Vessel
NewLead (OTC: NEWL) announced today that the "Newlead Castellano", a 2013-built dry-bulk eco-type Handysize vessel of 35,542 dwt, was delivered to NewLead's owned fleet on September 16, 2014.
22/9/2014
Navios linked to $52.5 mln bulker
Lion Shipbrokers report in week 38 that M/V "BERGE MCCLINTOCK" (179,515 dwt, blt 2012 Hanjin/S. Korea, AB, 9 HO/9 HA, MAN-B+W 6S70MC-C8) was sold to Greek buyers in the secondhand market (clients of Navios) for USD 52.5 million.
22/9/2014
An end to the Valemax dispute finally in sight?
Valemaxes: the world’s largest bulkers and the most controversial ships in commercial shipping in many years may finally be used as they were intended after a deal between Cosco and Vale last week.
22/9/2014
Vale & COSCO Both Claim Shipping Victory
In the end, the answer to Brazilian miner Vale’s Chinese shipping problem turned out to be in the problem itself. For two years, Vale SA’s Valemax mega-ships – designed to cut the costs of transporting iron ore to China – have not been allowed to dock at Chinese ports, stalling the miner’s $4 billion strategy.
17/9/2014
Apollo invests USD 200 mln in secondhand buys

The Apollo Global Fund of the US has acquired seven bulk carriers and seven tankers in the secondhand market, brokers report. Bulkers Port Elisabeth, Port Maubert, Port Menier, Port Nelson, Port Kelang, Port Mouton and Port Melbourn were snapped up for a total of USD 113.2 million...

17/9/2014
FreeSeas Concludes Vessel Sale & Long-term Bareboat Charter
FreeSeas announced today that it has sold to unrelated third parties the M/V 'Free Jupiter' for USD 12,250,000 and subsequently entered into a long term bareboat charter with the vessel's new Owners.
16/9/2014
Vale & Cosco in landmark 14 valemax VLOC deal, ends China ban?
In a move that would appear to break China’s ban on Vale’s 400,000 dwt VLOCs the Brazilian miner has signed a deal that four valemaxes will be transferred to Cosco and the Chinese company will build 10 more similar vessels.
15/9/2014
Vale & Cosco In Iron Ore Shipping Deal
Vale and China Ocean Shipping Company (Cosco), the largest dry bulk carrier in China, signed today, in Beijing, a framework agreement for strategic cooperation in iron ore shipping.
12/9/2014
Diana Shipping Announces Time Charter Contract for m/v Dione
Diana Shipping today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with RWE Supply & Trading GmbH, Essen, Germany, for one of its Panamax dry bulk vessels, the m/v “Dione”.
12/9/2014
Bulk carriers to adopt Wärtsilä Dual-Fuel engine technology
The increasing use of LNG as a marine fuel is further emphasised with the latest order for Wärtsilä’s dual-fuel engine technology. A new cement carrier being built at the Scheepswerf Ferus Smit yard in the Netherlands will feature a 6-cylinder Wärtsilä 34DF main engine, making it the first bulk carrier to adopt Wärtsilä’s multi fuel capability.
12/9/2014

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