Dry Cargo

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.
19/8/2014
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...
19/8/2014
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.
19/8/2014
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...
18/8/2014
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.
13/8/2014
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.

11/8/2014
Fearnleys Weekly (W32)
GAS - CHARTERING: Another quiet week with little to report from is over, and the anticipated spur to the freight market from the announcement of new August posted prices failed to happen.
7/8/2014
Overseas Marine Enterprises linked to acquisition
Intermodal reports several moves involving Greek players in the secondhand market during week 31. In the Supramax sector we had the sale of the “GOOD TRADE” (53,000dwt - blt 11, India), which was picked up by Greek owner, Overseas Marine Enterprises, for a price of $ 18.2m.
7/8/2014
Navios & Polembros make moves in secondhand market

Brokers report Navios Partners has acquired containerships YM UTMOST (teu 8,208 dwt 101,597 blt 2006 S. Korea) and YM UNISON (teu 8,208 dwt 101,411 blt 2006 S. Korea) at the price of USD 58.85 million each (including 4YR TCB at USD 34.266 per day). In the tankers segment, Polembros has moved for CAP ISABELLA (dwt 157,258 blt 2013 S. Korea) at the price of USD 65 million.
5/8/2014
Four More Join Supra8 Pool
Provider of shipping management services Navig8 has added four more secondhand cargo ships to its Supra8 pool. The bulk carrier quartet is comprised of Stellar Eagle, Woodstar, Shrike and Wren.
4/8/2014

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