Norway’s Belships has secured a new $116m loan from DNB Bank and Sparebank 1 SR-Bank that will be used to repay off its existing credit facility. Two vessels will be […]
Yesterday, Vale reported Q4 iron production of 82.47 MMT, which is down 7.8% QOQ and up 2.4% YOY. Vale’s iron ore production totaled 315.6 MMT in 2021, up 5.1% YOY […]
Pan Ocean and Cofco were among bulker charterers locking in tonnage on period deals on Friday as dry bulk ended a week that saw the spot market roar back to […]
Greek shipowner Aristides Pittas expressed confidence in the prospects of the dry bulk market as his US-listed company EuroDry reported a robust set of earnings. Despite their steep drop since […]
The average spot rate for capesize bulkers took a giant leap on Thursday, leading a dry bulk sector that has been on the rise since Monday. The capesize 5TC, a […]
Greece’s Star Bulk Carriers has some growing to do. Now that may sound strange given that the New York-listed shipowner is already dry bulk’s greatest consolidator, already operating 128 vessels […]
AP Moller-Maersk chief executive Soren Skou says 2022 is to be another bumper year, but the “new normal” means nothing is certain. “The reality is we don’t have any experience […]
Dry bulk shipping saw higher spot rates across the board on Wednesday as China goes back to work following the Lunar New Year holidays. Larger vessels saw the biggest jump […]
The capesize plunge came to a halt on the Baltic Exchange yesterday, with spot rates on the 5TC rising $448 to $9,969 per day. There is, however, clearly a bullish […]
So, you thought shipowner consolidation was on hiatus for a while after an unusually busy spell in 2021? Maybe think again. Jefferies shipping investment banker Doug Mavrinac told a financial […]
