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.
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.
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.
Leading ship finance executives see China’s massive One Belt One Road (OBOR) as very positive for shipping.