Search results for: Dry Bulk

17820 results

A list of search results

  • 3 April 2015
    Business & Finance

    The Hong Kong-listed dry bulk specialist Pacific Basin Limited expects the market in the second quarter of 2015 to remain weak as sluggish demand fails to fully absorb the oversupply of ships built up in 2010-2012, but also sees some potential signs of improvement. The main indicator which could maybe help improve the dry bulk rates […]

  • 2 August 2017

    Dry bulk shipping charter rates are expected to continue to recover with firm demand and controlled fleet growth, shipping consultancy Drewry said. In it latest report, Drewry has revised its charter rates forecast in the short term as the date to implement ballast water management systems (BWMS) has been postponed by two years, bringing down […]

  • 26 January 2018
    Business & Finance

    There are opposite opinions when it comes to consolidation in the dry bulk shipping industry.

  • 2 August 2016
    Business & Finance

    Greece-based owner of drybulk carriers and offshore support vessels DryShips Inc. has been notified by the Nasdaq Stock Market that the company is not in compliance with a Nasdaq Listing Rule as the closing bid of its common stock was below the required minimum. The notification indicates that the closing bid price for 30 consecutive business days, from June 14, […]

  • 23 April 2020
    Business & Finance, Market outlooks, Outlook & strategy

    Over ordering of bulk carriers over the past ten years has set the tone for the upcoming decade as overcapacity hinders shipowners’ battle with low demand further constrained by the COVID-19 pandemic. A total of 413 million DWT has flooded the market since the turn of the decade, bringing the world dry bulk fleet to […]

  • 8 December 2015
    Business & Finance

    Athens-based owner of drybulk carriers and offshore support vessels, DryShips Inc. has reported a net loss of USD 820 million for the third quarter ended September 30, 2015.  Included in the third quarter 2015 results are impairment charges and loss on sales on the entire drybulk fleet of USD 797.5 million. Excluding these impairment charges and losses, […]

  • 26 August 2014
    Business & Finance

    A couple of orders to report in dry sector this week with Santoku Senpaku adding further Kamsarmax to their orderbook, this time for two firm 82,000 DWT bulk carriers at Tsuneishi Zosen with delivery in 2017, according to Clarkson’s Hellas S&P Weekly Bulletin. Navibulgar has also contracted four firm plus two option 42,300 DWT Ice […]

  • 30 June 2016
    Business & Finance

    Athens-based dry bulk shipping company Star Bulk Carriers Corp. reported its net loss reached USD 48.8 million for the first quarter of 2016, against a net loss of USD 40.2 million seen a year earlier, as the company marked its worst quarter in the last 30 years. “The first quarter of 2016 was the worst of the last 30 years, as freight […]

  • 13 April 2016
    Business & Finance

    Shipping rates for vessels transporting commodities such as coal, iron ore and grains racked up impressive gains in the first quarter of 2016 after hitting record lows, but the rally could flatten out into the second half as the macroeconomic outlook remains uncertain, the latest forecasts show from IHS Inc. The forecast comes as the […]

  • 5 August 2016

    Charter rates on major dry bulk shipping routes are expected to recover due to increasing trade and contracting supply, according to shipping consultancy Drewry. “Demand for coal-carrying vessels will increase in the coming quarters because Japan has decided to increase its coal-fired power generation, while China plans to cut domestic coal production which will increase […]

  • 17 June 2016
    Business & Finance

    China’s shipping major China Cosco Shipping Group (Coscocs) has officially established its dry bulk shipping arm, Coscocs Bulk Shipping in Guangzhou, China on Thursday. The newly established company owns and operates a fleet of over 380 bulk carriers, with a total of some 34.5 million deadweight tons. The new company was formed as a result of a structural reorganization following […]

  • 3 August 2017
    Business & Finance

    Dry bulk shipping company Pacific Basin Shipping Limited has inked a conditional agreement to acquire five dry bulk vessels worth USD 104.6 million availing of the attractive secondhand prices on the market. The acquisitions relate to two 2014-built Supramaxes worth USD 34 million, a 2014-built Handysize worth USD 21.1 million, a 2016-built Supramax worth USD […]

  • 17 March 2017

    The dry bulk shipping industry remains well on target for profitable freight rates in 2019 if the projected fleet supply growth rate of 0% in 2017 continues, according to international shipping association BIMCO. In 2016, the supply side grew by 3% and the demand side grew by 2.4%, which resulted in a worsening of the fundamental market balance. […]

  • 9 March 2017
    Business & Finance

    Driven by a drop in dry bulk demolition and a surge in deliveries, the dry bulk fleet grew by 2.6% year-on-year in January 2017 exceeding 800 million dwt, according to shipping association BIMCO. Dry bulk demolition was halved in the first month of 2017 when compared to the same period a year earlier, while total dry bulk […]

  • 3 May 2017
    Business & Finance

    The outlook for dry bulk shipping remains positive as the gap between supply and demand is set to continue shrinking over the next five years, while charter rates are expected to improve gradually, shipping consultancy Drewry informed. With high demolition activity and low deliveries the fleet would grow at a slow annual rate of 1% over […]

  • 20 December 2017

    BIMCO expects the global demand growth in the dry bulk sector to outstrip supply growth in 2018.

  • 25 May 2020
    Business developments & projects, Collaboration, Outlook & strategy, Technology

    Norwegian dry bulk specialist Western Bulk has signed up with Oceanbolt, an Oslo-based tech startup, in an effort to leverage real-time insights into the dry bulk market.

  • 2 December 2015
    Business & Finance

    Greek dry bulk shipping company Globus Maritime Limited reported that the total comprehensive loss for the third quarter of the year 2015 amounted to USD 2.5 million, compared to total comprehensive income of USD 0.2 million for the same period last year. The company also added that it recorded a 49 percent decrease in revenue to USD 3.2 million for the three-month […]

  • 6 November 2017

    The return to permanent profitable freight rates in the dry bulk sector is still way off, however, there has been a slight fundamental market improvement, according to BIMCO’s latest market overview. Capesize ships have been in profitable territory earning above USD 15,300 per day since August, and Panamaxes likewise, as they have been hired for above USD […]

  • 15 January 2016
    Business & Finance

    Share prices of dry bulk companies kept tumbling during 2015, and, according to Drewry Maritime Equity Research (DMER), the market is not expected to recover in 2016. “We see no recovery in sight over the next 12-18 months because Chinese growth pangs will continue to haunt the dry bulk market and vessels will burn cash in 2016 as freight rates […]

  • 26 February 2014
    Business & Finance

    The National Shipping Company of Saudi Arabia (Bahri) said that its subsidiary Bahri Dry Bulk today received a dry bulk vessel named Bahri Wafi from Japanese shipyard. This is the fourth vessel delivered from the series of five ordered in 2012. The financial impact of the delivered vessel will materialize during the first quarter of […]

  • 10 October 2013
    Business & Finance

    Scorpio Bulkers Inc. announced recently that it has entered into various agreements for the purchase of eleven Ultramax dry bulk vessels of 60,000 DWT to 64,000 DWT and four Kamsarmax dry bulk vessels of 81,000 DWT to 84,000 DWT from yards in Japan and China, as listed below: The total purchase price for the announced […]