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Dry Cargo

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"…
Athens: Leading Greek shipping advocate and European Union rapporteur, Anna Bredima, has called for more pressure to be put on the European Union and legislative authorities in general in a…
Dubai: FIS, freight and commodity swaps brokerage, has opened an office in Dubai, UAE in response to the growing market for freight and commodities and its proximity to Asian markets.
Bangkok: Thoresen Thai Agencies (TTA) has raised a considerable THB3.96bn ($133.15m) through a rights issue to fund its plans for dry bulk and offshore drilling fleet renewal.
Arriving in the Indonesian capital Jakarta the highway from the airport is clogged with chaotic traffic, and trucks line up for miles, seemingly immobile on roads that head towards the…
New York: Fourth quarter losses at Greek-owned Dryships Inc. reached $129.8m as operating costs rose sharply year on year.
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