Dry Cargo

Hamburg Süd has closed the sale of its dry bulk business to China Navigation Company (CNCo, part of the Swire Group.
Danish shipowner Norden is continuing on a course to become increasingly asset light selling off four bulkers.
Capesize freight rates saw a general lack of physical activities in both the Asia Pacific and Atlantic market this week, with market concerns over cyclones brewing off the Australian coast.
Chinese dry bulk shipping company Sinotrans & CSC Phoenix sold its 28% stake in Chongqing Xingang Changlong Logistics Company to bolster cashflow.
The privately-owned Multicargas Terminal (T-MULT) of Açu Port, in the north of the State of Rio de Janeiro, is the new option for cabotage trades in Brazil.
The delivery of fewer newbuildings has led to an aging yet still expanding Greek fleet capacity wise though the number of shipping companies is in steady decline according to a…
Norden is opening a new office in Abidjan, Ivory Coast as part of the company’s investment in the West African region and continued global expansion.
Capesize rates have continued to be depressed by lack of physical activities this week. However, the paper market for capesize index managed to turn positive for the first time on…
The Belships Group has secured a $140m loan facility to strengthen its working capital and for fleet expansion.
Though Greek owners continue to rule the global roost when fleet size and asset value, due to the unstable market conditions and new regulatory requirements, for the first time in…
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