Dry Cargo

Technomar acquires bulker secondhand - brokers
Technomar has acquired bulk carrier “Father Neptune” (dwt 55,700 blt 2009 Japan) at the price if USD 22.5 million, according to broker reports.
Chinese mills to hike iron ore imports if India changes policy
With a new government in power in India following last month’s elections, Chinese iron ore importers are waiting to see if any policy changes will be forthcoming that could lead to a hike in their imports.
Fearnleys Weekly (W23)
GAS - CHARTERING: The handful VLGCs that seemed available for spot charter in second half June got programmed/fixed one by one, and it got obvious that the freigh rates were ready for a new spike driven by larger demand than supply...
W Marine orders Green Dolphin 84s bulkers
Greek shipowner W Marine Inc. has ordered a series of post-Panamax bulk carriers based on the Green Dolphin 84S design. The design was developed by the Shanghai Merchant Ship Design & Research Institute (SDARI) with support from DNV GL.
Market activity high on Posidonia week
As the champagne already started to flow in the pre-Posidonia festivities, one would expect a slow week; however we understand that 9 bulkers, 5 containerships, 11 tankers and one combination carrier changed hands...
ATLANTIC PANAMAX DRY: Rates drop on shifting fundamentals, lackluster activity
The Atlantic market faced the long London weekend in a bearish mood on a lack of inquiries, a growing tonnage list for forward dates and discounts already achieved.
ASIA CAPESIZE DRY: Freight small uptick, prolonged recovery unlikely
Most market participants welcomed a slight uptick in the iron ore Capesize freight market, but not all were convinced that this was the start of improved rates for the large vessels.
Greeks go for bulkers secondhand - broker
Lion Shipbrokers report several deals involving Greek players, week 21. True to form, Greeks opted mostly for bulk carriers in the secondhand market. Two deals were reported for containerships while one Greek firm moved for a tanker vessel...
DryShips acquires capesize bulker
DryShips has acquired the 179,100-dwt Capesize bulker, Conches (built 2011) from an unaffiliated third party at a cost of approximately $53m.
Port Hedland strike halted
A potentially damaging strike that could have shut down operations at Australia's largest export port has been called off. But the possibility of a future strike is still on the cards, with unions set to make another bid for industrial action after June 30.

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