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Multipurpose shipping firms AAL and Peter Dohle Schiffahrts-KG (PD) have jointly launch a new semi-liner service – Asia-Middle East-Europe.

Norden slumped to an expected net loss of $285m for 2015 in what chief Jan Rindbo described as “yet another horror year in dry cargo”.

Polynesia Line will launch direct calls into Nuku’alofa, Tonga from March this year, stepping up from the existing transhipment service.

Commodities giant Cargill is closing down its London shipping office and consolidating activities in Geneva in the face of a dire dry bulk market.

Diana Shipping has chartered a kamsarmax to Cargill for a period of 10 – 13 months.

China’s Rizhao Port Co has posted lower earnings in the January-September 2015 period due mainly to reduced cargo volumes.

Liquefaction is a major problem for dry bulk shipping. “Crew and owners are concerned and want to tackle the problem, but charterers and shippers must also do their share to deal with the problem," says John Platsidakis, Intercargo chairman.

Ultrabulk has reported a $800,000 loss for the first half of 2015, on the back of falling revenues and volumes.

Western Bulk has reported a $10.4m profit for the second quarter, but a $7.4m loss when adjusted for unrealised gains on FFAs, and hedging of currency and bunkers.

Norden has announced it is reducing its executive management team from five staff to three, with immediate effect.

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