Heidmar profit edges up as it agrees deals to manage newbuildings
Pankaj Khanna-led company has been busy expanding the fleet in recent weeks
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Pankaj Khanna-led company has been busy expanding the fleet in recent weeks
Per-vessel earnings were down, but adding 15 vessels to the fleet boosted the top and bottom line
Market has been driven by healthy demand from China and increased exports from Brazil and West Africa
But New York bulker owner logs 25% improvement in daily vessel earnings in fourth quarter
Japanese shipowning giant has cut its annual profit forecast by almost 9% since August
Broker Allied QuantumSea says oversupply risk could persist
UK shipbroker welcomes record number of participants to annual bulker course
Contract, initially signed in 2012, has been adjusted
Owner says it is refocusing on vessels suited for international trade
However, other ships linked to Bangladesh owner this year have ended up in Greek fleets