RS Platou: 45 Newbuild Bulk Carriers Re-Sold Due to Contract Defaults or Cancellations
At least 45 of the largest dry-bulk vessels were re-sold in 2012 while being built at shipyards because delays led to cancellations or the original orderer
At least 45 of the largest dry-bulk vessels were re-sold in 2012 while being built at shipyards because delays led to cancellations or the original orderer
South Korea’s government is moving to bar foreign shipping lines from contracts in the state-run energy sector as it supports domestic companies
Star Bulk Carriers Corp. (SBLK) reached an agreement with its lenders to defer up to $24 million of repayment obligations over the next two years. The
Earnings for ships that haul liquefied gases, cars and oil products are most likely to recover this year amid a continued glut of merchant vessels that may
Iron ore is rallying the most in about two years as analysts predict that China, the biggest buyer, will import a record amount in 2013 as its accelerating
ATHENS, GREECE – Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in the ownership and operation of dry bulk vessels, announced
Chinese demand growth for imported coal will almost halt next year before shipments contract in 2014 as the nation’s improving transport network allows
The worst commodity shipping market in 26 years may persist next year as an oversupply of vessels continues to curb ship owners’ ability to boost charter
Vale SA, the world’s biggest iron-ore exporter, may have paid about $158 million more for shipping in the past 19 months by using the largest available
A ship is loaded with iron ore at the port in Geraldton, Western Australia December 3, 2012. A new deepwater port on Australia’s Indian Ocean Coast was
At a time when equity analysts are predicting the biggest rebound in earnings for Capesize iron-ore carriers in six years, swaps traders are betting that rates
Rickmers-Linie announced today their plans to build a pair of 20,000 DWT multi-purpose break bulk vessels at Hudong-Zhonghua Shipbuilding in China. Scheduled
After suffering nearly USD $19 million in losses in the 3rd quarter, Paragon Shipping Inc. (NYSE: PRGN) has been working diligently with their lenders to come
STX Group is in talks about selling its controlling stake in STX Pan Ocean Co., South Korea’s largest dry-bulk ship operator, as it tries to raise 2.5
LONDON–Brazilian miner Vale SA (VALE) said Thursday the company’s shipping strategy isn’t about owning a fleet of ships but rather making
ISTANBUL, Dec 4 (Reuters) – At least three people were killed and nine others were missing after a cargoship with a Ukrainian and Russian crew sank in a
RIO DE JANEIRO–Brazilian mining giant VALE SA (VALE, VALE5.BR) believes global demand for iron ore is “far from peaking,” though growth in
NASDAQ-listed Star Bulk Carriers Corp (SBLK) is looking at a pretty dismal future. Their quarterly numbers they released today weren’t too bad
(Bloomberg) — Kawasaki Kisen Kaisha Ltd., Japan’s third-biggest shipping line, delayed plans to expand its commodity-vessel fleet as a global glut
Athens, Greece, November 27, 2012. Globus Maritime Limited (“Globus,” the “Company,” “we,” or “our”), (NASDAQ:
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