Dry Cargo

The Singapore Exchange (SGX) reported a 19% jump in FFA (forward freight agreements) volume in the first half of the year powered by iron ore trade

Denmark’s Norden has ordered four 61,000-dwt dry bulk ultramax carriers at China’s Nantong Cosco Khi Ship Engineering (Nacks).

Dry bulk owner GoodBulk has reached an agreement with its banks to seal a $200m refinancing deal for its fleet.

Nasdaq-listed Castor Maritime Inc. has announced the pricing of an upsized $18m underwritten public offering of 51.4m units at a price of $0.35 per unit.

The legal landscape in shipping resulting from the Covid-19 pandemic is very different from the last global crisis in 2008 according to Ince senior global partner Julian Clark.

Germany’s Oldendorff Carriers has agreed to acquire three capesize bulkers at an ‘en bloc package’ price of $212.76m from Singapore-based Trust Energy Resources, a subsidiary of India’s Tata Power Company.

Oman Shipping Company (OSC), a member of ASYAD Group, has agreed a sustainable financing deal described as the first of its kind both in Oman and for Standard Chartered Bank in the Middle East.

As the dry bulk shipping market lingers at some of its lowest levels in decades Bimco analyst Peter Sand warns it is being served a toxic cocktail of a drop in demand and overcapacity of supply.

The Singapore Chamber of Maritime Arbitration (SCMA) has formed a local users council with a strong emphasis on shipowners.