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

Eagle Bulk sets sights on more ships following multiple acquisitions

Ship operator Eagle Bulk plans to continue expanding and renewing its fleet, CEO Gary Vogel tells ShippingWatch following the acquisition of a number of ships. A record-low order book, caused by environmental regulations and the prospects of a prolonged upward cycle, makes the CEO optimistic.

Lauritzen Bulkers expects profit in 2021

Strained dry bulk shipping company Lauritzen Bulkers now expects to book a profit in 2021. This would be the first one since 2010. Despite increased activity, the company expects to book red figures for this year, CEO Niels Josefsen tells ShippingWatch.

Robert Bugbee heralds Scorpio's full exit from dry bulk

CEO Robert Bugbee tells ShippingWatch that Scorpio Bulkers' recent vessel sales are part of a strategy that will entail a full exit from the dry bulk industry within a few months. Revenue will be directed towards a new wind venture.

German shipowner divests and fully exits dry bulk

Shipowner Claus-Peter Offen sells his stake in dry bulk business, report several media. This happens in an effort to focus shipping activities toward one area. Offen has already sold its tanker business to Zeaborn.

"We need to earn money now, that's our primary focus"

Ulrik Andersen just finished a horrible second quarter at the helm of Golden Ocean, but the dry bulk market has already taken a drastic turn for the better in the third quarter. "Now we need to maximize our earnings," he tells ShippingWatch.

Pacific Basin impairs fleet by USD 200 million

Developments in the first half of 2020 hit Pacific Basin hard, as the Hong Kong-based dry bulk carrier has had to impair the value of its fleet by USD 200 million, evident from the bottom line.

Dry bulk market expected to drop 2.4 percent this year

For the first time since 2009, the global dry bulk market is on track for a drop in 2020 due to the downturn created by the coronavirus pandemic, projects analysts at Arrow Shipbroking. But 2021 could develop in a completely different direction.

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