An increasing number of capesize newbuilding deliveries is posing a serious threat to the already fragile market balance, even as demolition rates have increased, according to a latest analysis by Bimco.

Belships has inked a deal to acquire a secondhand 55,866-dwt supramax bulk carrier from Greece’s Prospero Marine at a price of $12m.

Jinhui Shipping and Transportation (Jinhui Shipping) has acquired a pair of bulk carriers for $12m from Greece’s Chartworld Shipping Corporation.

The dry bulk capesize market could be headed for rougher seas on the back of diminishing growth in demand volumes and the still growing capesize fleet, according to Bimco.

Scorpio Bulkers has announced a sell and leaseback deal involving six ultramax vessels with China’s Avic International Leasing.

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.

Page 1 of 81