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Bulk

Dryships delisted by founder

Greek Dryships Founder and CEO George Economou has bought the remaining shares of the company, taking the company off the New York Stock Exchange.

Norden surprised by "more robust" dry bulk market

A "more robust" dry bulk market than expected makes it difficult for Norden to predict said market, CEO Jan Rindbo tells ShippingWatch. On this account, the shipping line booked a disappointing deficit and downgraded its Dry Operator business in the second quarter.

Norden downgrades expectations for dry bulk

Dry bulk and product tanker ship operator Norden now downgrades the guidance for its dry bulk operator business. But stronger developments in tanker mean that the shipping company maintains its full-year expectations.

Genco paid high price for impairments and strategy change

A dive in revenue, fleet impairments and a switch from time charter to the spot market came at a high price for dry bulk operator Genco Shipping in the second quarter. But the shipping company has booked its fleet at 50 percent higher rates in the third quarter on top of a market recovery.

Lower economic growth could slow bulk market

Even though the dry bulk market has experienced growth and stronger rates in recent weeks, several uncertainties could make the development turn around, says Vessels Value in an update.

Pacific Basin's profit in significant setback

Dry bulk shipping company Pacific Basin saw its profit slide by more than 70 percent in the first half of the year compared to the same period the year before. But TCE rates ensure that the bottom line remains positive, writes the company in its interim report. Updated.

Eagle Bulk reports new deficit

US-based shipping company Eagle Bulk defied the weak market conditions in the first quarter and reported a slight profit. This was not the case in the second quarter.

Eagle Bulk to acquire six vessels

Dry bulk shipping company Eagle Bulk is to buy six new ultramax ships, and to prepare, the company will now issue bonds worth over USD 100 million over the next four years.

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