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Dry bulk shares plunged in turbulent 2018

The dry bulk market has gone through a year of fluctuating rates and equally fluctuating stock prices. The end of 2018 in particular has been hard on the pacesetting dry bulk shipping companies, which in the final quarter of the year saw shares dive almost 40 percent.

This week's top stories on ShippingWatch

The collapse of Hamburg carrier Hansa Heavy Lift, the bunker sector in Singapore, Maersk's credit rating downgrade as well as a temperature reading of the tanker and dry bulk markets were some of ShippingWatch's big stories this week.

Danish Ship Finance outlines uncertain future for shipping

Significant legislative changes, protectionism and a frozen situation with far too many ships are just some of the challenges the shipping sector faces in the years to come. ShippingWatch delves into a new report from Danish Ship Finance.

German tanker carrier takes over Rigel Schiffahrts

Hamburg-based carrier Chemikalien Seetransport (CST) acquires all shares in the smaller tanker carrier Rigel Schiffahrts, which is headquartered in Bremen. "We are pleased to be able to expand our tanker fleet," says CST's Chairman about the takeover.

GoodBulk lands Q3 profit of USD 14.5 million

The somewhat newly-founded GoodBulk has raised its bottom line from under USD 1 million to USD 14.5 million in the third quarter. The carrier's management is confident in a strong market for the largest bulker ships.

Genco made a profit in the third quarter

Dry bulk carrier Genco Shipping & Trade finished the third quarter with black numbers on the bottom line due to a better dry bulk market. However, the profit is not enough to ensure an overall profit for the first nine months of the year.

US soy bean export to China down significantly in 2018

The trade war between the US and China means that the US is selling significantly fewer soy beans to the Chinese than in the past. Brazil has increased its export, but the biggest surprise is to be found in a different market, says Bimco.

Hurricane Florence will impact shipping

Hurricane Florence is currently ravaging through the US east coast and will impact shipping routes in the region. One specific market will be struck particularly hard. Carriers are decreasing the speed of vessels.

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