Alexander Oetker deems the sale by his shipowning company AO Shipping of an ultramax bulker as “the right decision” at this point in the cycle. The Hamburg-based shipping company has […]
Hong Kong-based Caravel Group has upped its ship owning exposure in containerships and dry bulk this year with under-the-radar transactions. Chief operating officer Angad Banga told TradeWinds that the company […]
The dry bulk market is poised to retain its strength in the long term as demand growth will outpace fleet expansion, according to Drewry. In its base case most-likely scenario, […]
If public bulker owners are making so much money, why are so many still trading at a discount to their net asset value (NAV)? There has been little normality in […]
Another record drop in Chinese steel output has spooked many in dry bulk. China’s National Bureau of Statistics has issued figures showing steel production falling to a four-year-low in September, […]
A further pullback of capesize rates — although to still-frothy levels — helped deflate stock prices in the sector and pull-down US shipping listings overall. New York-listed dry bulk owners […]
The market for dry bulk shipping’s smaller assets is keeping an even keel, while the capesize sector continues its steady decline from highs not seen in decades. The panamax 5TC, […]
Belships has acquired its 20th bulk carrier in just over two years and signed a time charter contract for another vessel. In a resale deal, the Oslo-listed shipowner bought a […]
The capesize market, which had been pushing new highs, has been on a descent for the past week. According to Fearnleys, there has been “a sudden drop in prompt iron […]
Back in 2008, high winds caused a crane to collapse on top of a Hapag-Lloyd boxship in Southampton, crunching several containers full of pristine Japanese automotive components in the process. […]
