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Dry Cargo

Oslo : Ultrabulk has ordered two new 61,000 dwt Japanese-built supramax bulkers, in addition to the kamsarmax vessel ordered in January.  
Hong Kong: Chinese demand for logs is benefitting shipping companies with the right kind of vessels to take advantage of the demand, according to a news wire report. The demand…
Shanghai: China Shipping Development Co (CSDC) narrowly managed to stay profitable in 2012 but is looking to delay taking deliveries of some new vessels in view of the oversupplied shipping…
London : Shipowner and charterer Noble Group, Asia’s largest commodities company, was already expressing alarm when head of chartering R. Raghunath met with Seatrade Global recently.
Oslo: John Fredriksen’s Frontline 2012 scraped its way to a $0.7m profit in the fourth quarter, bringing its full year profit to $8.1m, as it nearly doubles its newbuilding programme.
Seoul: South Korea-based Sungdong Shipbuilding & Marine Engineering landed a contract to build a total of 10 capesize dry bulk carriers including three options.
Hamburg: Heavy lift specialist Rickmers-Linie is launching a westbound round the world service connecting Asia, South America and North America.
Shanghai: China Cosco Holdings Co. (China Cosco) may sell assets worth as much as RMB27bn ($4.3bn) to its parent, Bloomberg reports.
Copenhagen: Restructuring and impairment costs on top of low freights have dragged Torm to a pre-tax loss of $579m.
Asia's largest commodities company Noble Group will shortly take delivery of the last of a series of six post-panamax bulker newbuildings, but confirms its strategy is to remain "asset light"…
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