Genco Shipping & Trading is opening an office in Singapore hiring a senior broker from Simpson Spence & Young (SSY).

Commodities-focussed north China port operator Qinghuangdao Port reported good cargo throughput growth in the first nine months of the year, with overall throughput at its three terminals rising 30% to 290.7m tonnes from 224.3m tonnes in the previous corresponding quarter.

Dry bulk ship operators are calling for the wider vetting of the shipping industry with the focus on stakeholders, including charterers, port terminal operators and port state control.

With some major shipping markets seeming to have passed worst the question of what opportunities there were for financiers and investors were in focus at the Capital Link New York Maritime Forum this week.

Clipper Bulk is consolidating its business in three locations in Europe, the US and Asia, closing down five offices.

BahriBunge Dry Bulk, a new venture between the Saudi national shipping company Bahri and commodities trader Bunge, has opened offices in Dubai.

Handysize bulker owner Pioneer Marine is placing an unspecified portion of its fleet for commercial operation with Denmark’s BaltNav.

Polaris Shipping has inked a KRW908bn ($800m) order with Hyundai Heavy Industries (HHI) for 10 VLOCs.

Scorpio Bulkers has started buying again scooping up six ultramaxes from Golden Ocean for $142.5m.

The writing is on the charts and it doesn't look good for the dry bulk market. Newbuild ordering in just the two and a half months or so of the second half of the year is already almost double the figure for the entire first half of 2017.

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