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MSI: Dry bulk earnings out of carriers' hands in H1

Bulk:

After a somewhat solid beginning of the year, dry bulk carriers now face a more uncertain period in the short term, says Maritime Strategies International. Earnings will largely depend on factors beyond the carriers' control.


BY DANIEL LOGAN BERG-MUNCH
Published 15.02.17 at 14:51

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Most read Bulk

Thorco owner withdraws guarantees for vessels in Thorco

Thorco3.jpg Bulk:

Thor and Christian Stadil have for years supported the severely loss-inducing vessels of carrier Thorco. But the family will no longer do so, reveals Thor Stadil to ShippingWatch.

Norden lost USD 7 million on dry bulk in the second quarter

Bulk:

Norden finished the second quarter with a deficit in dry bulk, while the tanker business delivered a profit of USD 3 million. The carrier maintains its full-year guidance.

Golden Ocean reduced its deficit in Q2

Bulk:

John Fredriksen's dry bulk carrier follows in the footsteps of its peers and reports improvements across the board. With a bigger fleet, the carrier is well situated to benefit from a stronger dry bulk market, says CEO.

Jan Rindbo: Dry bulk rates must rise to ensure profit

Bulk:

They have seen the highest dry bulk rates in four years but it is still not enough, Norden CEO Jan Rindbo tells ShippingWatch. The carrier's bright spot came in the form of the struggling tanker segment.

Oldendorff Carriers remains in the black in 2014 and 2015

Bulk:

ShippingWatch interviews chairman Henning Oldendorff on how one of the world´s largest drybulk operators avoids deficits operating in an industry where even solid competitors are struggling.

Western Bulk sees market recovering

Bulk:

Dry bulk carrier Western Bulk booked a stronger result in the first half of the year and has an overall more positive outlook on the bulk market going forward, as the Norwegian carrier sees the market recovering.

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Smedegaard aims to land two acquisitions this year

DFDS CEO Niels Smedegaard 2-version1 Carriers:

The second quarter was historically good for DFDS which also bought new vessels during the period. CEO Niels Smedegaard tells ShippingWatch that there are two acquisitions in the pipeline, which he hopes to land this year. "It is a nice situation to be in," he says.

Jan Rindbo: Dry bulk rates must rise to ensure profit

Bulk:

They have seen the highest dry bulk rates in four years but it is still not enough, Norden CEO Jan Rindbo tells ShippingWatch. The carrier's bright spot came in the form of the struggling tanker segment.

Alphaliner: APM Terminals could be leaving India

Ports:

An Indian newspaper reports that APM Terminals is preparing to sell its large stake in port Gateway Terminals India. If the sale happens, it could indicate that APM Terminals is on track to leave India entirely, writes Alphaliner in an analysis.

Svitzer will sell 11 laid-up vessels

Carriers:

The Maersk Group's towage company Svitzer will sell 11 laid-up vessels which have no prospect of securing work at sustainable prices due to market overcapacity.

Weak offshore market drags down Boskalis

Services:

Dutch Boskalis was hit by the weak offshore market in the first half of the year, as the net result dropped almost 50 percent to EUR 75.1 million compared to last year.

Maersk Drilling wins contracts for three rigs

Offshore:

Maersk Drilling has landed contracts and secured more work for three of its drilling rigs. One is a new contract while two are extensions on current projects.

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