Dry Cargo

Asia Dry Bulk - Capesize rates hold down as tonnage glut continues
Rates for capesize bulk carriers, which have been close to six-year lows for the last two months, will remain under pressure as a tonnage glut continues to weigh on the market, brokers said.
Dry bulk Atlantic: Weak freight rates lead shipowners to idle vessels
Weak voyage numbers on trans-Atlantic coal routes mean that some Panamax owners are choosing to idle vessels for a few days rather than accept current levels, sources said.
Zhongchang Marine Cancels Newbuilding Order at JEHI
Zhongchang Marine has cancelled a 47,500 dwt bulker order at China’s Jiangsu Eastern Heavy Industries, a subsidiary of Singapore-listed JES International.
Navig8 adds panamax bulker on period deal
Navig8 has chartered the 74,800-dwt Cerafina (built 2005) on a six to nine month contract, the Baltic Exchange reports.
Alpha Tankers orders tanker pair at Samho

Alpha Tankers have placed an order at Hyundai Samho HI for two tanker vessels, with an option for one more (dwt 158,000), Carriers report (W10). Delivery is slated for 2016/17. The price was undisclosed. In the secondhand market, Carriers report a Greek player has snapped up bulk carrier Sunny Ace (dwt 55,888 blt 2005 Japan) at the price of USD 10.75 million...
Diana: Time Charter Contract for m/v Erato With Glencore
Diana Shipping today 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 Erato...
Greeks go for bulkers secondhand (W09)

Lion Shipbrokers report (W09) bulker asset values have corrected significantly the past few weeks and are expected to correct even further. Greeks have particularly active with Chartworld, Euroseas and Eurobulk all linked to deals...
Colombia detains COSCO vessel for carrying illegal weapons
COSCO's heavy-lift ship Da Dan Xia was detained in Cartagena by Colombian authorities on 4 March for carrying illegal weapons.
Dry bulk newbuilding orders down 78% on year in January - broker
The number of dry bulk newbuilding orders placed in January 2015 was down 78% on the year, the latest estimates by Greek sale-and-purchase broker Golden Destiny show.
Asia Dry Bulk-Capesize rates gloom to persist on tonnage glut
Rates for capesize bulk carriers, which have been hovering close to six-year lows for the last two months, are likely to remain relatively flat next week as excess tonnage continues to weigh on the market, brokers said.

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