A little uncertainty is not a bad thing for the dry bulk market, which is otherwise bubbling with optimism after a series of tough years. As such, several shipowners are not worried about a looming trade war.
Dry bulk carrier GoodBulk, established just two years ago, plans to seek a listing in New York in addition to its current listing in Oslo, and the company will start by issuing stock for USD 140 million.
Genco will raise USD 141 million through a share issue. The money will be used to finance the acquisition of four new ships for the US-based dry bulk carrier.
Dry bulk shipping company Star Bulk Carriers has opted for scrubbers for the largest ships in its fleet in order to comply with the upcoming sulfur cap, says CEO Petros Pappas.
With an operating profit and net profit of USD 46.4 million and almost USD 10 million, respectively, in the first quarter, Greek-based Star Bulk seems to underline the emerging recovery in dry bulk.
Rates for the major capesize vessels soar on sizeable Chinese demand and a significant surge in Brazilian iron ore exports.
New York-listed dry bulk carrier Genco Shipping closed a deal on a large credit facility, which will strengthen the carrier's ability to expand its fleet.
Dry bulk shipping company Nordic Bulk Carriers grew its revenue as well as profit in 2017. The carrier has been sailing on the Northern Sea Route since 2010.
Goodbulk, established a few years ago and listed in on the OTC exchange in Oslo, will now purse a New York IPO with a new fleet of 25 ships.
More new ships and less scrapping combined are now creating the scenario in which dry bulk carriers would least like to find themselves. The influx of new, large valemaxes could make 67 capesize vessels unemployed within 24 months.
Dry bulk carrier Golden Ocean finished the first quarter with a profit despite a seasonal market low. The company's capesizes face experience major fluctuations, and a strike in Brazil has triggered disruption, notes Clarksons Platou.
The two heavy lift and multipurpose operators Intermarine and Zeaborn will form a new joint venture and combine global offices.
Chinese companies ICBC Financial Leasing and China Merchants Energy Shipping have formed a partnership to build six very large ore carriers for more than USD 400 million.
Dry cargo Operator - XO Shipping
ShippingWatch is looking for a new reporter
HR Consultant (Part time) - Hafnia Tankers
Financial Controller - Hong Kong, Pacific Basin
We are seeking a new colleague for the Chartering Department
Marine Superintendent - Humboldt Shipmanagement
Senior Communications Partner - Norden
XO SHIPPING Seeking younger dry load chartering profile
Chartering Manager (Copenhagen-based) - BW Tankers
Assistant Business Analyst at Ultrabulk A/S
