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

New Pacific Basin CEO presents strategy in first public appearance

Martin Fruergaard has presented his key strategy in his first public appearance as the new CEO of Hong Kong-based Pacific Basin. The dry bulk operator has posted unusually strong half-year results on the back of a market upturn that by all appearances has only just begun.

Dry bulk boom could last all the way into 2023

Surging demand from China and a historically low orderbook are driving the unprecedented upturn in the dry bulk market, which could last all the way into 2023, according to analyst firm.

Trøim raises USD 30 million for new dry bulk venture

Tor Olav Trøim has raised around USD 30 million for his new dry bulk venture Himalaya. The funds have been sourced from Norwegian and international investors and will be spent on the first shipyard payments, reports Finansavisen.

Sterling Shipping CEO on new dry bulk venture: "We're a small fry"

Christopher Fjeld founded Sterling Shipping with no prior experience in the segment. Now he hopes that the upturn in dry bulk will lead to financial returns. The key is a simple strategy, says the Sterling Shipping CEO who has shelled out NOK 311 million for new ships in the fleet.

German shipping is finally out of the woods

After 12 years of bankruptcies and brutal restructuring, the German shipping industry has turned a corner. A booming container market and positive signs in many parts of the industry indicate that German shipping is on a strong rebound.

Chinese coal shortage endures and boosts earnings in dry bulk market

Coal is in high demand in China, and by all appearances, the appetite for coal will not abate in the coming months, benefiting dry bulk operators. Norden and Lauritzen note how the Chinese coal policy – in addition to its import ban from Australia – serves to strengthen an already strong market. Clarified.

Golden Ocean: "We have placed our bets well"

With soaring capesize rates and a dry bulk market in long-term upturn, Golden Ocean sees its bets in the market paying off. The CEO expects to remain exposed to the spot market in 2021. The unusual market is in clear contrast to this time last year, when Andersen entered the CEO office at Golden Ocean.

Italian d'Amico's Dry Cargo business gets new CEO

Shipping group d'Amico reshuffles the management of its Dry Cargo business and appoints Cesare d'Amico as new CEO of the business unit. He hopes dry bulk is headed for recovery after years of uncertainty and volatility.

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.

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