Dry Cargo

Five dry bulk giants to pool up to 80 capesize carriers

Bocimar International NV, CTM (C Transport Holding Ltd), Golden Union Shipping, Golden Ocean Group and STAR BULK CARRIERS have announced the formation of a new joint venture company, Capesize Chartering Ltd. The joining of forces comes as neither of the parties owns, controls or manages sufficient Capesize vessels to provide competitively priced bids and efficient trading in the already highly competitive and fragmented Capesize industry.
Scorpio Bulkers: Agreements to Modify Existing Shipbuilding Contracts for 3 Capesize Vessels
Scorpio Bulkers Inc. (NYSE: SALT) (the "Company") announced today that it has reached agreements with a shipyard in South Korea to modify existing newbuilding contracts for three Capesize Vessels.
Diana: Direct Continuation of Time Charter Agreements for two
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Clearlake Shipping Pte. Ltd., Singapore, a member of the Gunvor Group, for one of its Kamsarmax dry bulk vessels, the m/v Myrsini.
Carriers Market Report (W05)
Cyprus Maritime has acquired bulk carrier MARITIME TABONEO (dwt 76,302 blt 2004 Japan) at the price of USD 10.75 million, Carriers report. In the boxships segment, Lomar has moved for ULF RITSCHER (dwt 33,715 blt 2001 Germany 2,526 TEU) at the price of USD 7.9 million.
Star Bulk Announces Sale of M/V Star Tatianna for Demolition
Star Bulk Carriers Corp., a global shipping company providing transportation solutions in the dry bulk sector, today announced that it has entered into a binding agreement to sell for demolition the M/V Star Tatianna (ex "Fortezza,"), a 69,600 dwt Panamax vessel, built in 1993, to an unaffiliated third party.
SALT: Closing of Previously Announced Credit Facilities
Scorpio Bulkers announced today that it has closed two previously announced credit facilities, taken delivery of three newbuilding vessels, and agreed to time charter-out a Capesize newbuilding that is currently under construction in China.
Bulker Earnings: A Story Of Two Halves
Despite expectations of an improved market environment in 2014, particularly in the Capesize sector, average spot earnings registered year-on-year declines across the four major bulkcarrier sectors.
Diana: Time Charter Contract for m/v Melite with Glencore
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Glencore Grain B.V., Rotterdam, for one of its Panamax dry bulk vessels, the m/v Melite.
M/V "ARIETTA A" sold to Greeks - Lion
Lion Shipbrokers report bulk carrier M/V "ARIETTA A" (56,947 dwt, blt 2011 Liaoning/China) was sold to Greek Buyers for $19 million.
Australia Wins Iron Ore Market Share in China as Mines Shut
Iron ore exporters from Australia are winning the battle for market share in China, boosting cargoes to the largest buyer and squeezing higher-cost producers as prices decline to the lowest level since 2009.

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