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Dry Cargo

Star Bulk reports a record third quarter

Star Bulk, a global shipping company focusing on the transportation of dry bulk cargoes, announced its unaudited financial and operating results for the third...

Asia’s dry bulk pounded by easing congestion, falling commodity prices

After a robust bull run which started in April 2021, dry bulk freight rates across vessel segments have fallen steeply on the back of...

Eagle Bulk posts Q3 net income of $78.3 mln; declares $2.00 per share dividend

Eagle Bulk, one of the world’s largest owner-operators within the drybulk vessel segment, reported financial results for the quarter ended September 30, 2021. Quarter highlights: Generated Revenues,...

Genco posts net income of $57.1 million in third quarter

Genco, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, reported its financial results for the three months and nine...

GoodBulk Posts $32 Million Q3 Net Profit

GoodBulk Ltd., a leading owner and operator of dry bulk vessels, announced its financial results for the third quarter 2021. 3rd Quarter Highlights • Generated $32.0...

Seanergy Announces Acquisition of its 17th Capesize Vessel

Seanergy Maritime Holdings Corp. announced that it has entered into a definitive agreement with an unaffiliated third party to purchase a Capesize vessel. In...

Diana Shipping to spin off three bulk carriers

Diana Shipping announced that, through a wholly-owned subsidiary, it has filed a registration statement on Form 20-F pursuant to the Securities Exchange Act of...

Intercargo: Time to recognize value of dry bulk sector

As news headlines underscore the quality and flexibility of the bulk sector fleet in meeting the challenges of current trade disruptions, Dimitris Fafalios, Chairman...

Golden Ocean: Sale of two Panamax vessels; agreement to build four Kamsarmax vessels

Golden Ocean, one of the world’s largest listed dry bulk shipowners, announced the sale of two older Panamax vessels, Golden Opportunity and Golden Endurer,...

Castor Maritime Announces New Charter Agreements

Castor Maritime, a diversified global shipping company, announcesthat: The M/V Magic Orion, a 2006 built Capesize dry bulk carrier, has been fixed on a time...

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Sphinx Investment Corp Increases Stake in OceanPal

On September 28, 2023, an OceanPal SEC filing revealed that Sphinx Investment Corp. had raised its ownership in OceanPal, now holding a substantial stake...

Star Bulk Announces the Repurchase of 10 Million of Its Common Shares

Star Bulk announced that it entered into a Repurchase Agreement (with OCM XL Holdings, LP, a limited partnership incorporated in the Cayman Islands, pursuant...

Trafigura announces executive leadership changes

Trafigura Group Pte Ltd. has announced an evolution of its executive team to further strengthen leadership and focus across its global activities during a...

Woori, HMM, KOBC to buy Polaris in prospective $448 mln deal – report

Polaris Shipping Co. is poised to sell its entire stake at around 600 billion won ($447.5 million) to Woori Private Equity Asset Management Co....

Pyxis Tankers Announces Closing of Ultramax JV Investment

Pyxis Tankers, an international shipping company, reported that on September 14, 2023, the Company closed on its previously announced newly formed drybulk joint venture...

Baltic index snaps 4-day winning streak as capesize rates slip

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk...

Baltic index scales 11-month peak on strong capesize rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry...

Baltic index scales over 9-month high on capesize surge

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry...

Baltic index rises to over 4-month high on stronger capesize rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry...

Houston-Japan VLGC freight rates reach multi-year high

VLGC freight rates from Houston to Chiba, Japan, reached $245/mt Sept. 21 for the...

Piraeus Port reports strong H1 2023 results

The Piraeus Port Authority SA, which operates Greece’s biggest and busiest port, reported a 48.8-percent increase in pre-tax earnings for H1 2023 – 49.4...

Greece names Thessaloniki port operator preferred bidder for Volos port

Greece’s privatisation agency has named the operator of Thessaloniki port as the preferred bidder for acquiring a 67% stake in the port of Volos,...

Drewry: Port Throughput Index Down 2.1% in July

The Global Container Port Throughput Index fell 2.1% MoM in July 2023, with the small rises recorded in Africa and Oceania having been insufficient...

Vopak: Agreement with Infracapital on sale of Rotterdam chemical terminals

Vopak announces that it has reached an agreement with Infracapital on the sale of its three chemical terminals in Rotterdam (Botlek, TTR and Chemiehaven)...

Port Hedland Iron Ore Exports Edge Up 4% in August

Pilbara Ports Authority has delivered a total monthly throughput of 62.8 million tonnes (Mt) for August 2023, consistent with the August 2022 throughput. The Port...