krogragg

Category: Dry Cargo

  • Geneva Dry Dialogues: Nova Marine Carriers

    Geneva Dry Dialogues: Nova Marine Carriers Minor bulks are the most exciting segment in dry bulk, according to Vincenzo Romeo, CEO of Nova Marine Carriers, something that is just as well as the Italian is set to take the stage next April in Geneva Dry’s minor bulks session. “There are more origins and destinations in…

  • CDB Leasing offloads kamsarmax trio at auction

    CDB Leasing offloads kamsarmax trio at auction CDB Leasing has been tied to a triple kamsarmax bulker sale through an auction.  Multiple brokers report the Hong Kong-listed leasing unit of China Development Bank has offloaded the 2015-built CL Rizhao and the 2016-built CL Singapore and CL Tianjing for around $68.5m. VesselsValues estimates the ships between…

  • Geneva Dry Dialogues: Precious Shipping

    Geneva Dry Dialogues: Precious Shipping Making predictions in shipping is akin to chewing glass, Khalid Hashim, managing director of Thailand’s largest dry bulk owner, Precious Shipping. “Only the insane would do that,” he says, stressing: “Predictions in shipping are always wrong.” Nevertheless, when pressed to give his take on where the dry bulk markets will…

  • Asia and Europe on divergent coal paths

    Asia and Europe on divergent coal paths Global seaborne coal trades are being cleaved apart, with Asian economies taking more and more volumes while the West pulls back from the commodity.  According to data from AXS Marine, the volume of steam coal cargoes discharged at mainland Chinese ports in October reached 34.25m tonnes, up 15.8%…

  • Belships adds to ultramax orderbook

    Belships adds to ultramax orderbook Norwegian bulker owner Belships has expanded its newbuilding campaign with one more ultramax. The Oslo-listed company revealed in its quarterly earnings results the 64,000 dwt newbuild would join the fleet in 2027 and be named Belcargo. The Lars Christian Skarsgård-led outfit added the unit would be financed on a similar…

  • Diana Shipping charters out ultramax to Stone Shipping

    Diana Shipping charters out ultramax to Stone Shipping New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with Stone Shipping for one of its ultramax vessels. Stone Shipping hired the 2018-built, 60,362 dwt bulker DSI Pyxis. The gross charter rate is $13,100 per day, minus a 5% commission paid to third…

  • UK electric inland vessel project secures government funding

    UK electric inland vessel project secures government funding Baird Maritime Go to baird maritime

  • A $1.3trn market opportunity drives into Asia

    A $1.3trn market opportunity drives into Asia Pushpank Kaushik, CEO of Jassper Shipping, writes for Splash today on electric vehicle adoption in emerging Asia. The electric mobility wave is transforming markets worldwide, but in Asia’s emerging economies, its impact extends deeply into social, environmental, and public health spheres. India, now the world’s largest market for…

  • New Scandinavian dry bulk player launched

    New Scandinavian dry bulk player launched Denmark’s Baltic Shipping and Risør Shipping of Norway have joined forces to launch a new dry bulk shipping player. Baltic Bulk has been officially introduced this week as a new dry cargo operator, freight trader and commercial manager specialising in the handysize and supramax market, but, how the company…

  • Why China’s changing diet matters

    Why China’s changing diet matters The Chinese switch from pork and how this is influencing dry bulk trades. Eating healthier and more nutritious foods and changing your diet for the better is the advice of every doctor you probably ever met. But what happens if a country of 1.4bn people changes its diet and how…

  • Winners and losers from Trump’s return

    Winners and losers from Trump’s return ‘Drill, baby, drill’ and ‘liquid gold’ were two of the phrases president-elect Donald Trump repeated during his victory rally in Florida yesterday and a common consensus is building among shipping experts that the Republican’s return to the White House will be positive for tankers, but less so for container…

  • The shipping consequences of Mr Trump

    The shipping consequences of Mr Trump Splash’s lead columnist has been forced out of silence by the results in America. I have on my wrist a wristwatch made in the year of my birth -1952. It was made in two stages – the movement was made in Le Locle, in Switzerland, by the firm of…

  • Korea Line offloads supramax quartet 

    SM Group’s Korea Line Corp has continued to offload tonnage, taking the number of ships exiting the fleet this year to ten. The Seoul-based diversified owner has been reported of selling a quartet of supramax bulkers en bloc, following a $53m deal to offload two capesizes to China’s Jiangsu Steamship. S&P sources suggest a deal…

  • Egypt reveals $6bn revenue hit as Houthis vow to up campaign against shipping

    The Houthis vowed Sunday to keep up their attacks on merchant shipping likely to the consternation of politicians further north along the Red Sea in Egypt.  Egypt’s foreign minister Badr Abdel Aati revealed in discussions with International Maritime Organization secretary-general Arsenio Dominguez on Friday that the Egyptian economy has taken a $6bn hit from the…

  • Fire kills two on cargo ship off Istanbul

  • Costamare bulks up with triple purchase 

    Greek owner Costamare has continued its dry bulk fleet renewal, revealing a trio of purchases during the past quarter. The New York-listed company led by Konstantinos Konstantakopoulos has snapped up a pair of ultramaxes from German owner Oldendorff Carriers for an undisclosed price. Brokers have placed the en bloc deal at $50m. The 2014-built Alwine…