Courage Marine is continuing to bite the bullet, taking an approximately $1.5m loss on the disposal of the 150,000 dwt Panama-flagged Capesize bulker Cape Pioneer for $6.4m for scrap.
Japan’s Kawasaki Kisen Kaisha (K Line) has entered into an agreement with Emirates Global Aluminium (EGA) for a long term contract to transport bauxite ore.
Few people were calling the bulk market bullish at the start of the week – and not many at its end – but despite the oversupply of dry bulk tonnage dragging on physical, an outbreak of “cautious optimism” in the Asian commodities sector has been...
Capesize bulker scrapping rates are soaring as owners struggle with poor freight market.
Japan’s Tsuneishi Shipbuilding has completed its first retrofitting installation of a Ballast Water Management System (BWMS) on a capesize bulker.
The now completed Connecticut Maritime Association (CMA) event was famously compared to a giant “scrum”- when it gets busy, as was the case for its entire three days, it is difficult to navigate from one side of the venue to the other. Though...
Capesize bulker rates fell 23% in February dragged down by the Chinese New Year holidays, however, panamaxes showed some signs of bottoming out according to a report from the Singapore Exchange (SGX).
At a time when the dry bulk shipping market is hitting new lows five major shipowners have come together to form a joint venture Capesize Chartering in effort to operate more competitively.