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Read all the latest news about Dry bulk. ShippingWatch gives you independent, credible, critical and fair news.

Dry bulk industry only halfway through the crisis

Although things are improving in the dry bulk sector, profitability is still far off. Fearnleys estimates that the carriers have only come halfway through the crisis. However, 2019 could bring a much-needed boost to the sector.

Impairment drags Genco further down

Dry bulk carrier Genco Shipping & Trading saw its deficit deepen in the third quarter after booking an impairment, though stronger rates drove revenue up. CEO eyes improving market fundamentals in dry bulk.

Intercargo calls for extreme caution in relation to high-risk cargo

Following the wreck of dry bulker Emerald Star, after which 10 seafarers remain missing, Intercargo calls for extreme caution when transport high-risk cargoes such as nickel ore, and the association urges for an accident report to be submitted to the IMO as quickly as possible.

Scorpio Bulkers believes in sustainable rates

The dry bulk carrier has halved its deficit in this year's third quarter, and according to CEO Emanuele Lauro, the carrier has faith in a market carried by sustainable rates which will last into 2018.

Norwegian carriers investing big in bulk

Norwegian shipowners have been actively buying bulk vessels in 2017. According to VesselsValue, they have thus far bought 36 bulk vessels this year, reports Finansavisen.

Bulk shares have surged in 2017

Investors are now also thought to believe in a stable recovery in bulk, where the largest shares have been through significant price increases throughout 2017. One carrier in particular has experienced a huge price increase.

Clipper sailing at rates that incite fresh optimism

"For the first time in a long time, rates are at a level, which might tempt some to order new vessels, but it will not be us," CEO of Clipper Group, Peter Norborg, tells ShippingWatch. One commodity in particular is critical for the company's progress.

Norwegian shipping investor debuts in dry bulk

Founder of rig company Borr Drilling, Tor Olav Trøim, is now targeting dry bulk with the company 2020 Bulkers. The plan is to list the company on the minor OTC stock exchange, reports local media Finansavisen.

Bulk recovery faster and stronger than expected

Growth in the dry bulk market is surprisingly strong and driven by Chinese appetite for iron ore as well as the large Capesize vessels, assesses JP Morgan ahead of the release of many third quarter reports.

Another bulk vessel wrecks with hazardous cargo

11 crew members are missing after a bulk vessel loaded with nickel ore sank off the Philippines, just one month after the topic of hazardous cargoes including nickel ore was discussed by the IMO.

Things are coming together for Baltnav

Dry bulk operator Baltnav is hiring more staff and is experiencing major interest in its newly opened office in Singapore, partners Martin Sato and Michael Bonderup tell ShippingWatch.

Torben Janholt originally turned down the offer

Former J. Lauritzen CEO Torben Janholt did not expect to once again serve as chief executive of a dry bulk carrier. But an obvious lack of management and insistence from the primary shareholder convinced the now 70-year-old shipping man to return.

Former Torm CEO launches ambitious bulk project

Torm's former CEO, Klaus Kjærulff, has founded Vincent Shipping together with the former top broker in Norwegian firm Fearnley, Jan Lund, and businessman Jan Bech Andersen. The first vessels have just been delivered.

Pacific Basin looking at new asset acquisition opportunities

Among the dry bulk carriers, Pacific Basin is one of the few players so confident in the market that it has performed a significant fleet expansion. And more could be underway. ShippingWatch has interviewed CEO Mats Berglund about where the optimism comes from.

Golden Ocean mindskede underskud i andet kvartal

John Fredriksens tørlastrederi følger i halen på konkurrenterne i sektoren og melder om bedre takter på tværs af regnskabet. Selskabet er med en større flåde godt placeret til at høste frugterne af det stærkere marked, siger CEO.

Star Bulk cements progress in bulk

One of the largest listed bulk carriers on Wall Street, Star Bulk Carriers, continues to show red figures on the bottom line, but earnings and net revenue have increased significantly.

Dry bulk has long way to go despite stronger rates

Dry bulk rates were stronger in the most recent quarter, as evident from the first interim reports, but the level is far from enough to ensure positive bottom lines at the carriers, Fearnley Securities tells ShippingWatch. The sector must thus keep looking for a stable recovery.

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