Larger bulkers snare multimonth fixtures at above-market rates
Diana Shipping expects to make $6.38m off a capesize bulker period charter that will last for at least 15 months
Bulkers
Imperial Petroleum shares plunge 35% after high-discount Maxim offering
Principal Harry Vafias complained about Imperial’s weak share price even as deal was in works that tanked stock further
Bulkers benefit as Ukraine war puts coal trades in a spin
Europe is importing the commodity from further afield, while China is taking the supply from sources closer to home
Thoresen optimistic for rest of 2023, despite 75% slide in second-quarter profit
Thai bulker shipowner said there remains the potential for periods of upside, stimulated by seasonal factors
Pangaea Logistics crushing current market but analysts lower expectations
Even a 96% premium to current Baltic Exchange rates is no substitute for a fully recovered dry bulk trade
Kyiv offers fresh hope for dozens of ships trapped at its Black Sea ports
Kyiv wants to open up a humanitarian corridor which will allow a route out for ships caught up in the conflict
Order glut brings Japan’s Naikai back into building bulkers
Earnings report reveals the yard has contracted five ships in the first quarter of this year
Norden’s bottom line buoyed by assets and logistics to stay on track for 2023 goal
Copenhagen owner-operator launches share buyback programme while forecasting record year for one of its business segments
Weaker freight rates prompt Japanese owners to increase sales of older capesizes
Values for older vessels have fallen below the $19m threshold for the first time since July 2021, says VesselsValue
Weaker freight rates prompt Japanese shipowners to increase sales of older capesizes
Values for older vessels have fallen below the $19m threshold for the first time since July 2021, says VesselsValue