Dry Cargo

SALT to Sell 7 Newbuildings; Financing of Ultramax Newbuilding
Scorpio Bulkers announced that it has entered into agreements to sell three Capesize newbuilding dry bulk vessels, a Kamsarmax newbuilding dry bulk vessel and three LR1 newbuilding product tankers for approximately $290 million in aggregate, and received financing on an Ultramax newbuilding dry bulk vessel for an amount of up to $17 million.
Moundreas, Embiricos go for bulkers secondhand

The S&P market report compiled by Carriers for Weeks 15 and 16 notes few deals involving Greek players. Most notably, Moundreas has moved for two bulk carriers en bloc, namely ONOE (172.572 / 2000 / Japan) and CHITOSE (171.199 / 2000 / Japan), at the price of USD 18.5 million. Embiricos has also reportedly acquired a bulk carrier. The BLUE MATTERHORN (81.391 / 2011 / S. Korea) was sold for USD 17.7 million.
Angelicoussis scraps panamax bulker
Greek shipowner John Angelicoussis has scrapped panamax bulker 73,100-dwt Anangel Omonia (Built 1996). The vessel will be disposed in Pakistan, market sources say.
Greeks go for bulkers secondhand - Lion (W15)

Lion Shipbrokers report several Greek players have entered the secondhand market lately, mostly for bulker acquisitions. Most notably, clients of Anangel acquired three bulk carriers en bloc at the price of $43.6- $44 million; Greek buyers (clients of Aeolos Management) moved for M/V "BLUE MATTERHORN" (81,391 dwt, blt 2011, Hyundai Samho/Korea) at the price of $17.4-$17.8 million.

Asia Dry Bulk Capesize rates likely flat as tonnage glut continues
Rates for capesize bulk carriers, which have remained close to six-year lows for the last three months, are likely to show little sign of improvement next week as too many ships chase too few cargoes, brokers said.
Star Bulk Announces Completion of the Delivery of the Excel Vessel Fleet

Star Bulk announced that following the delivery of M/V Star Jennifer (ex "Ore Hansa), a 82,290 dwt Kamsarmax bulk carrier, built in 2006, the Company completed the acquisition of 34 vessels from Excel Maritime under an "en bloc" transaction announced on August 19, 2014. Pursuant to the completion of the Excel Vessel Fleet acquisition, the Company has currently 162,684,541 shares of common stock outstanding.
HMM Selling Bulk Shipping Business
Hyundai Merchant Marine (HMM) is reported to be in talks with Taiwanese securities house Yuanta in order to sell the company’s bulk shipping division.
Dry bulk outlook sinks again

Evercore ISI analyst Jon Chappell has cut his already low rate projections for the dry bulk sector even further because of "hideous" market conditions. Chappell had noted in February that rates were below operating costs, creating an "unsustainable" situation. "Well, 10 weeks later, not only are rates still sub-operating costs, but some rates are even lower today, mainly in the Capesize trades," said Chappell in his latest sector outlook.
Coal ship queue at Australia’s Newcastle port below 30 for 3rd week
The vessel queue at Australian Newcastle port’s three terminals for coal exports remained below 30 for the third week in a row at 29 ships this week, well below the average over the past 12 months of 36, the port authority said.
Western Bulk to close Panamax business unit: official
Oslo-listed ship operator Western Bulk is to close down its Panamax business unit, CEO Jens Ismar told Platts Tuesday.

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