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.
ShippingWatch
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Greek Dryships Founder and CEO George Economou has bought the remaining shares of the company, taking the company off the New York Stock Exchange.
Soy bean exports from the US to China will not return to normal levels for a while, shows new analysis from shipping organization Bimco.
US-based Eagle Bulk, led by CEO Gary Vogel, is moving to Denmark. The office will be headed by former head of chartering at Clipper.
Shipping company Norden has just landed at six-year contract with Enviva, the world's largest wood pellet producer.
Dry bulk shipping company Golden Ocean was, like its competitors, hit hard by poor market conditions and grew its deficit. The third quarter will be better, CEO asserts.
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.
Dry bulk ship operator Western Bulk finished the first half of the year with a deficit of almost USD 25 million. The company attributes the loss to the major dip in rates early in the year and continuing challenges in Chile, where a trusted employee has cost the company a large sum.
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.
Even though the first half of the year brought back "unpleasant memories" of bad days years ago, Pioneer Marine was still able to grow its profit.
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.
Dry bulk major Star Bulk Carriers reports a large deficit for the second quarter. An impairment on the fleet in particular contributed to the negative result.
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.
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.
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.
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.
Scorpio Bulkers exits the second quarter with a large boost, mainly due to its stake in sister company Scorpio Tankers.
Dry bulk shipowners' association Intercargo expresses concerns six months ahead of the new sulfur regulations entering force. Limited access to fuels complying with the new requirements delay practical tests aboard, claims Intercargo.
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