Dry freight market is ‘more a waiting game than it is qualified decision-making’
Ups and downs in freight rates have not necessarily been logical or predictable this year
Bulkers
Jinhui Shipping falls to a loss as vessel impairments bite bottom line
Hong Kong shipowner has sold five bulkers at a book loss so far this year
Shipowner sets up new financial platform to buy eco-bulkers with fresh investors
Maris Fiducia is already plotting its next project after offering 50% stake in its Bird cargo ship fleet acquisition
Wisdom Marine exits capesize sector as it invests in more handymax bulkers
Taiwanese owner is ordering two 40,000-dwt newbuildings in Japan
Turkey’s Karadeniz props up Iraqi electricity supply with new power ship contract
Niche player makes profitable use of former capesizes it acquired for a song about a decade ago
Taylor Maritime boss Ed Buttery banks $388,000 in shares as options vest
Nil-cost awards also converted to bulker owner’s stock for finance and strategy chiefs
Rocket-launcher-laden skiffs stalk bulker in southern Red Sea
Craft spotted with rocket launchers or mounted machine guns
Klaveness dry cargo chief: Operators need to act to break ‘evil circle of no one making money’
Bulker operators have had a bumpy time, but expectations for this year are cautiously more optimistic
Lila Global offloads capesize bulker onto recyclers with potentially more to follow
Fourth giant bulker carrier sold for demolition this year
Wavelength podcast: Profiling a suspected Iranian shadow shipping kingpin
Plus … responding to US and Saudi attempts to stop shipping climate talks, and Granular