Singapore-based LPG specialist Epic Gas has entered into an agreement to purchase a secondhand 7,500-cu m LPG carrier.

Cosco Shipping Energy Transportation (CSET) has announced an intention to purchase a secondhand LPG carrier priced at RMB36.16m ($5.21m).

Mumbai-based Great Eastern Shipping (GE Shipping) has signed a contract to buy a secondhand suezmax carrier.

The dry bulk freight market has put an impressive performance of late; the Baltic Dry Index (BDI) has tripled since bottoming out in February. Now, dry bulkers are in cashflow positive territory, sufficient to cover daily operating expenses (OpEx) and, partially, the financial cost.

Nordic American Tankers (NAT) has picked up four secondhand suezmaxes for $106m.