Industry Sectors:Dry Cargo

Dry Cargo

Freight rates have risen in tandem with the iron ore rally as the commodity powered past the $70 per mt barrier this week. Likewise, the Baltic Dry Index (BDI) rallied…
The Singapore Exchange (SGX) has added to its freight business with new supramax 10TC contracts.
After taking various big plunges into the deep, there is no other way for capesize market to go but up. Improved paper market sentiment on paper seems to provide the…
China Merchants Energy Shipping (CMES) has warned investors of a significant decline in net profit for the first half ended 30 June 2017 compared to the year-ago period.
Oslo-listed Jinhui Shipping and Transportation is looking to raise around NOK201.7m ($24.1m) from a rights issue with the sale of more than 25m new shares at a 14.8% discount.
China’s privately-owned Yangzijiang Shipbuilding has updated that the group has won six shipbuilding contracts worth a total of $133m during the second quarter of this year.
An oil tanker and a bulk carrier collided in the English Channel on Saturday amid calm sea conditions, leaving no crew members injured and no pollution to the water.
George J. Procopiou, founder of Sea Traders, Dynacom Tankers Management and Dynagas, led a prestigious line up of winner’s at today’s Seatrade Awards in London winning Lifetime Achievement Award –…
Like the legendary phoenix, the freight market has been reborn this week, with the Baltic Dry Index (BDI) rising from 884 points to 929 points, breaking the 900-barrier in the…
China Merchants Energy Shipping (CMES) has stepped up to be the guarantor for close to $1bn in borrowings from the Export-Import Bank of China (China EximBank) for 10 VLOCs and…
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