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Dry Cargo

This page features all the latest news and developments in dry cargo and dry bulk shipping.

Dry Cargo

June 23, 2017

Dry bulk charter rates sink as iron ore prices sag

Falling iron ore prices have helped sink charter rates for bulk carrier vessels, as resource companies turn up the pressure on shippers to cut prices...

June 23, 2017

Navios Building Up Its South American Fleet on Iron-Ore Wager

Navios Maritime Holdings Inc.’s South American unit is expanding its barge fleet this year as it bets on a recovery in iron-ore shipments from the...

June 21, 2017

Pangaea in supramax sale and leaseback

Pangaea Logistics Solutions has sold one of its existing vessels, Bulk Beothuk, to a third party for USD 7 million, and has bareboat chartered the vessel...

June 21, 2017

Diana Announces Time Charter Contract for m/v Protefs with Hudson

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has entered...

June 15, 2017

Seanergy Announces Time Charter Contract for M/V Partnership

Seanergy Maritime Holdings Corp., announced that it has entered into a time charter contract with a major European utility and energy company for its recently...

June 13, 2017

Star Bulk: Acquisition of Modern Supramax Vessel With Secured Financing

Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes, announced that it has entered into a definitive agreement...

June 12, 2017

The vintage converted VLOC’s still make economic sense – BIMCO

With an average age of 23.8 years, the fleet of Very Large Ore Carriers (VLOC) converted from Very Large Crude Carriers (VLCC) are vintage compared...

June 12, 2017

Diana Shipping announces continuation of time charter contracts

Diana Shipping has announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with RWE Supply & Trading...

June 8, 2017

Diana Announces Addendum to Time Charter Contract for m/v Sideris GS with Rio Tinto

Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has agreed to...

June 2, 2017

Panamax, Supramax TCE rates sink 50% on sluggish demand

Earnings, or time charter equivalent rates, for Panamax and Supramax vessels traded out of the key Indian Ocean region have sank more than 50% over...

May 30, 2017

Songa Bulk eyes more ships through bond sale

Songa Bulk ASA is looking issue a 5-year senior secured bond in an effort to finance acquisition of additional vessels. (more…)

May 26, 2017

Diana: Time Charter Contracts for m/v Astarte & m/v Erato

Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has entered into...

May 24, 2017

Essar Shipping acquires Panamax vessel of 74,005 DWT

Essar Shipping Limited (ESL), one of India’s leading shipping companies, has added a Panamax vessel of 74,005 Deadweight Tonnage (DWT) to its fleet of vessels....

May 24, 2017

Diana Shipping reports 1Q loss

Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, reported a net loss of $26.5 million and net loss attributed...

May 22, 2017

Second Bulker Detained Over Western Sahara Legal Challenge

Panama authorities have detained a Moroccan phosphate shipment from the disputed territory of Western Sahara after the Polisario independence movement claimed the cargo had been...