Dry Cargo

Navios Group Closes Second Transaction With HSH Nordbank AG

Navios Maritime Holdings Inc. (NYSE: NM), Navios Maritime Acquisition Corporation (NYSE: NNA) and Navios Maritime Partners L.P. (NYSE: NMM) announced the formation of Navios Europe (II) Inc. and closing of the transaction for the acquisition of 14 vessels from debtors of HSH Nordbank AG.
Hongqiang Heavy Clinches Bulker Order
Hongqiang Heavy Industry has confirmed an order to build six 3,500 dwt bulk carriers to service East Asian markets.
Diana Announces Time Charter Contract for m/v Calipso
Diana Shipping today announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with China Shipping Bulk Carrier Co., Ltd., Hong Kong, for one of its Panamax dry bulk vessels, the m/v Calipso.
Star Bulk announced the sale of M/V Star Big
Star Bulk, a global shipping company providing transportation solutions in the dry bulk sector, announced the sale of M/V Star Big (a 168,404 dwt Capesize vessel, built in 1996) to an unaffiliated third party.
Asia Dry Bulk-Pacific, Atlantic capesize rates set to diverge
Rates for capesize bulk carriers could diverge next week, holding steady in the Pacific on healthy cargo volumes but easing in the Atlantic on a lack of coal and iron ore cargoes from South Africa and Brazil, ship brokers said.
Weak ruble boosts Russian coal exports
Increased exports of Russian coal to Europe, boosted by a weak ruble, may do little to help the overall Panamax freight market in the North Atlantic, which is plagued by a seasonal decline in demand.
SALT: Agreements to Sell 5 Newbuildings for $236 mln
Scorpio Bulkers announced today that it has entered into agreements to sell three Capesize newbuilding dry bulk vessels and two LR2 product tankers under construction for approximately $236 million in aggregate.
Cargill comes calling for Mercator’s Singapore subsidiary
Mercator Lines (Singapore) has received statutory demands from Cargill regarding purchase contracts that were deferred by the financially troubled carrier.
Intermodal: Market Insight
For some time now the Dry Bulk market has been severely affected by China’s slowing GDP growth rate that occurs in the background of increased supply of dry bulk tonnage...
Diana Announces Delivery of m/v Medusa
Diana Shipping today announced that yesterday, through a separate wholly-owned subsidiary, it took delivery of the m/v Medusa (formerly "Torm Island"), a 2010 built Kamsarmax dry bulk vessel of 82,194 dwt that the Company entered into an agreement to purchase in April 2015.

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