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

Western Bulk Chartering CEO expects a black bottom line

CEO Jens Ismar believes that Norwegian dry bulk shipowner Western Bulk Chartering will emerge from 2017 with a positive result, he tells ShippingWatch in an interview. He expects that the positive development will continue this year.

Optimistic bulk carriers went shopping in 2017

2017 exceeded all expectations in the dry bulk market which finally caught a break. The positive development prompted shipowners to order a significant number of new vessels. So far, this is not a cause for concern, but just a few ships could change that, says Bimco.

Bulk rates soared in 2017 thanks to China

Bulk rates soared in 2017 and landed at their highest level in three years this December. China has been the driving force, says Bimco, which predicts more moderate growth rates next year.

When Rindbo handed responsibility back to the employees

CEO Jan Rindbo is on track to deliver the first positive full-year result for Norden since 2011. In an interview with ShippingWatch, he explains what it has meant to hand responsibility back to the employees – and the other executives.

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.

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