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Gearbulk denies defaulting on loan from MOL

Japan's MOL earlier this week heralded extraordinary losses from factors including a loan to Gearbulk. "We are not in default on the loan," the dry bulk company's managing director tells ShippingWatch.

Dramatic week for shipping and rig companies comes to a close

Coronavirus and a dispute over the oil price between Saudi Arabia and Russia triggered significant price drops on stock exchanges in the past week. Danish and Norwegian shipping and offshore shares also took a tumble. But one sector in particular saw share prices going up.

Scorpio Bulkers sells more ships

Ship operator Scorpio Bulkers announces a new sale of ships. This happens just a month after the company sold three ships to Ocean Yield on leasing arrangements.

Norden reports best quarter in five years

Norden delivered its best quarterly result in almost five years with an adjusted profit of USD 31 million in the fourth quarter. The shipping company expects a higher result for 2020 as a whole despite uncertainties triggered by the coronavirus.

Pacific Basin bets on major recovery following virus outbreak

Dry bulk carrier Pacific Basin expects a major recovery on the bulk market once the coronavirus is contained. CEO is confident in China but acknowledges that it will require patience. He says the shipping line has taken precautionary measures at its headquarters in Hong Kong.

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