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Vale ‘mulls Malaysian port’
Brazilian miner could call for an international tender for a $1bn port near Strait of Malacca.
Bourbon bitten by bulker sale
Impairment charge on 16-vessel deal with Genco lowers first half profit at French owner.
Torm bags new dry-bulk boss
Alex Christiansen arrives from Nidera to take over from Kim Rasmussen and the departed Soren Christensen.
Goldenport sinks to first-half loss
Paris Dragnis-led boxship and bulker owner in the red as operating fleet shrinks and rates wane.
CMB board approves payout
Investors jump for joy as Benoit Timmermans-led parent of bulker owner Bocimar hangs on to interim dividend.
‘Boxship buys on the way’
Goldenport to use most of $85m cash by year end as boxship values hit “interesting” levels, John Dragnis says.
NYMET eyes fresh fixtures
New York-based commodities trader hunts bulkers on the heels of $120m iron ore deal and Dahlman Rose pact.
Jinhui sees profits rise
Oslo-listed bulker owner’s bottom line benefits from lower operating costs in the second quarter.
US markets are now open
Chartering | Dry cargo
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Classic period deals and a large Flame front haul set capesizes alight with big points gain. Capesizes:
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German grabs Vrontados supramax for haul from US Gulf to the Far East at $38,000 a day. Capesizes:
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Trading stalwart behind recent two-year deal for Seanergy panamax as STX also pays big. Capesizes:
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Free News
Yangzijiang bags bulker boost
Singapore-listed shipbuilder talks up sizzling summer as two-month backlog binge nears $1bn.
Seanergy swelling fleet with buys
Victor Restis-connected bulker owner paying $62m in cash and shares to take full control of two companies.
Saudi JV eyes bulkers
Panamaxes on the menu for new joint venture firmed up between NSCSA and Arasco.
Glencore profits up 42%
Ivan Glasenberg-led commodities giant sees interim profits jump on improving global economy.
China Cosco readies $735m bond sale
Ten-year bond sale part of larger plan by China Cosco Holdings to repay debt and fund expansion programme.
Shih Wei slides in first half
Taiwanese bulker owner’s revenue increases, but income from investments sharply down.
Golden’s got its appetite back
CEO Herman Billung says bulker owner is ready to be more aggressive on the acquisition front.
Billung: ‘Plenty to go around’
Golden Ocean will not be cutting ties with its three third-party managers despite buying into Frontline start-up Sea Team.
SFI in $100m supramax splurge
John Fredriksen-connected company lines up long-term charters for new units and reveals drop in profit.
Camillo Eitzen saved by Bulk sale
Axel Eitzen-led gas and chemical ship owner returns to black after gain on disposal of Eitzen Bulk.
Golden payday looks delicious
“Huge surprise” as Golden Ocean’s second quarter dividend is double the forecast figure.
Arctic route first for bulker
Tschudi-led group planning first trip for non-Russian flagged cargoship through northern sea route.
Free News
Profits not so Golden
Herman Billung-led dry bulk player sees second quarter figures decline almost 74% on a year ago.
Safe plugs capesize charter gap
Polys Hajioannou’s Safe Bulkers grabs a “comfortable” charter for the Kanaris to fill a space ahead of a 20-year contract.
Eitzen Bulk tips dry downtrend
Copenhagen-listed bulker operator says rates will fall under pressure from newbuildings after slipping into the red in Q2.
STX inks domestic CVC
South Korean shipowner seals fifteen-year deal to ship steaming coal for local power company.
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Seanergy scores Hamburg fix
Greek bulker owner seals fresh fixture for Hamburg Max with ceiling set at $25,500 per day.
Yorkville yaks on SEC inquiry
Mark Angelo-led hedge fund with ties to US-listed shipowners comes clean about SEC scrutiny, sources say.
MBC airs dry-bulk market fears
Malaysian Bulk Carriers’ profit halved in second quarter and warns of over-tonnaged market and global downturn.
Cape deal gives Q4 shine
TMT contract for Golden Ocean capesize newbuilding raises spirits in the dry-cargo market, analysts say.
Jiangsu Datang powers ahead
Chinese electricity generator aims to expand shipowning operation to stabilise freight cost.
Harpa axes ETA charters
Bremen-based bulker operator pulls two units from long-term contracts with Emirates Trading Agency amid $10m legal battle.
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Marco Polo clinches coal contract
Singapore-listed tug titan says Malaysian coal demand will surge as its 2010 shipping deals tip $45m.
Vale in Liberia port push
Roger Agnelli-led Brazilian mining giant to build port and railway for export of Guinean iron ore.
Ore trader plans charter venture
Indian bulk commodities specialist Nexus Minmet aims to develop period chartering business.
Thoresen offloads Traveller
Thailand’s Thoresen Thai Agencies has offloaded another of its elderly general cargo vessels.
Top Jobs
- Capture Team Leader
Wärtsilä
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