Dry bulk vessel Clipper Como is heavily damaged after the collision off Turkey. The bow of the ship is under water, but there have been no casualties, reports the shipping company to ShippingWatch.
While import from the US dropped sharply, China's import of soybeans from Brazil surged markedly in August this year, according to Reuters.
Two of the largest dry bulk carriers on the Oslo Stock Exchange have raised their share value by more than 150 percent due to 2021's extraordinary market conditions.
China's blockage of coal import from Australia continues. The volume of coal reaching China on dry bulk vessels has fallen drastically in the first seven months of the year, writes Bimco.
John Fredriksen's shipowner SFL Corp sells seven dry bulk vessels to Asian buyer for around USD 100 million, nearly a doubling of the purchase price, writes Finansavisen.
Shipping shares on the Oslo Stock Exchange have risen significantly in 2021, with one segment in particular driving the growth. Analyst prjects that there are more gains ahead for the five shipping shares that grew the most.
Western Bulk aims for a listing on Oslo Stock Exchange in September. The CFO of the dry bulk operator says the primary reason for the decision is to "allow for growth".
Golden Ocean continues its fleet renewal with an order for three new kamsarmax vessels, set to be built in China.
The reported military coup in Guinea won't disrupt the world's largest export of bauxite, assesses Drewry in a new analysis predicting a decent outlook for the dry bulk market towards 2026.
Widely known shipping analyst Peter Sand leaves his position at Bimco after more than 10 years at the shipping organization. He has been hired for a position at Norwegian analysis platform Xeneta.
An ongoing military coup in Guinea threatens the country's large export of bauxite, used in the manufacturing of aluminium. The country covers more than 60 percent of the global bauxite output, writes Arrow Shipbroking.
Western Bulk, the majority of which is owned by Kistefos, is on track for a listing on Euronext Growth Oslo. The dry bulk carrier also plans to raise millions via a private share offering.
Canadian dry bulk operator Fednav, which has former BW Tankers CEO Tina Revsbech in its management team, has ordered ten newbuilds in Japan as part of a fleet renewal.
Head of Research at Norwegian Cleaves Securities Joakim Hannisdahl has been appointed as CEO of Cleaves Asset Management, a newly established shipping hedge fund that will have USD 100 million under management.
Analyst firm Oceanbolt, which monitors the dry bulk industry, has been acquired by maritime software company Veson Nautical.
Norwegian dry bulk carrier Golden Ocean is considering to reclassify some of its vessels to sail with containers in order to profit from frantic container market. Updated.
Amrit Peter Kalsi took over the reins at Clipper shortly before the dry bulk market surged, and the CEO is now on course to deliver the group's best results "in many years". He points to the container market as a significant driving force.
An increased focus on short-term trading and more autonomy in the seven business units are some of the elements in Ultrabulk's strategic recipe aimed at ensuring that the dry bulk carrier and its new management boost its earnings.
Family-owned Ultrabulk gets a new chief executive, as Per Lange hands over the reins to Per von Appen, who will be heading the company from Chile. With a new strategy and strong results this year and the next, the timing is right, Lange tells ShippingWatch.
Ultrabulk CEO Per Lange steps down and will be replaced by Per von Appen, who serves on the company's board of directors representing the Chilean owner family.
The third and fourth quarters are expected to turn out even better than the second quarter for Golden Ocean, which saw triple-digit million profit. However, CEO Ulrik Andersen is even more bullish on 2022, he tells ShippingWatch.
Leadership Chats: Jan Rindbo and Norden held a wellness campaign over eight weeks during corona to keep people active and lift their spirits. Between the global team they logged 1,000,000 minutes of exercise during the period. The picture-sharing feature brought a smile to the CEO's face.
Greek shipowner Navios is merging its dry bulk and tanker companies to create the largest New York-listed shipowner with a fleet of 140 vessels.
Dry bulk carrier Golden Ocean is riding high following a major profit in the second quarter. "We are more excited about what lies ahead," notes CEO Ulrik Andersen in the interim report.
Dry bulk operator 2020 Bulkers has converted charters for two vessels from index-linked to fixed-rate. The earnings far exceed the breakeven point, which reflects the red-hot dry bulk market.
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