Capesize rates have continued to be depressed by lack of physical activities this week. However, the paper market for capesize index managed to turn positive for the first time on Monday since late February 2019.

The Belships Group has secured a $140m loan facility to strengthen its working capital and for fleet expansion.

Taiwan Navigation has placed an order for two new 80,000-dwt bulk carriers at Japan’s Namura Shipbuilding.

The International Association of Dry Cargo Shipowners (Intercargo) has urged dry cargo owners to prepare their vessels for “landmark changes” in shipping in 2019.

Dry bulk shipowner Genco Shipping & Trading (Genco) announced that it has secured additional financing for the acquisition and installation of scrubbers on 17 capesize vessels.

Greek dry bulk operator Castor Maritime announced that it has gained approval for listing on the Nasdaq Capital Market.

Oman Shipping Company (OSC) is eying an ambitious fleet expansion plan after it ordered two eco-friendly newbuild VLCC at South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME).

Jinhui Shipping has inked an agreement to sell a 50,209-dwt supramax bulk carrier for $7.38m an investment holding firm with activities in ship brokering and ship management firm.

Chinese shipyard Taizhou Kouan Shipbuilding has signed newbuilding contracts with Shanghai Ganglu Shipping to construct two 56,000-dwt dry bulk carriers.

India’s The Great Eastern Shipping (GE Shipping) has earmarked up to $50m over the next four years to upgrade its fleet for compliance with IMO’s regulations on low-sulphur fuels and ballast water treatment systems (BWTS).

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