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Bulk

Eagle Bulk maintained growth in Q2

Eagle Bulk turned a deficit into a profit in the second quarter due to higher rates in a stronger bulk market. A satisfied CEO points to an improving market.

Mats Berglund: Dry bulk can withstand even lower economic growth

The dry bulk shipping companies can look forward to stronger half-year results if the profit from Pacific Basin is a marker for the industry overall. Even a lower GNP growth does not faze the Hong Kong-based shipping company's CEO Mats Berglund. ShippingWatch has interviewed the CEO.

Vale picks scrubbers for its new generation of bulkers

Brazilian mining giant Vale has chosen scrubbers for its newest generation of bulker behemoths, even though the company is also prepared to sail on LNG. It is possible retrofitting will take place with other sections of Vale's existing fleet, reports TradeWinds.

Major German investor wants to buy up in MPP after banks' exit

German investment company Dr. Peters Group aims to close the gaps left by banks in the hard-pressed multipurpose sector and is preparing itself for large acquisitions in MPP and two other segments. Especially larger fleets with a particular type of ownership are interesting to the firm.

Last week's top stories on ShippingWatch

DFDS is bracing itself for long lorry queues in Dover after Brexit, bad bunker reached the world's largest bunker port and DSV's guidance upgrade were among this week's top stories on ShippingWatch. Also read about Kontainers, which will challenge startups such as US firm Flexport.

Norvic hires former Lauritzen VP as head of dry bulk

J. Lauritzen's former head of dry cargo Peter Borup will lead Norvic Shipping International's bulk department, starting today. The Canadian bulk operator, which has its European headquarters located in Copenhagen, has major growth ambitions.

Japanese shipping companies in the red after ONE launch

MOL, NYK and K Line all finished their latest reporting period with bottom line deficits. The new container collaboration ONE performed weaker than expected in the period. But one of the shipping companies expects improvements soon.

2020 Bulkers considering US IPO

2020 Bulkers will likely be listed on the US stock exchange next year, says the company. The US stock exchange will give the best price for the share, says chairman Magnus Halvorsen to Norwegian media.

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