http://www.lloydslist.com/sec/Dry?src=rss Dry Cargo headlines from www.lloydslist.com en-gb The content of this feed is copyright by Informa plc. Reproduction, retrieval, copying or transmission of the content of this site is not permitted without the publisher's prior consent. Lloyd's is the registered trademark of the Society incorporated by the Lloyd's Act 1871 by the name of Lloyd's webeditor@lloydslist.com webeditor@lloydslist.com Mon, 12 May 2008 00:00:00 GMT Mon, 12 May 2008 05:30:03 GMT Dry Cargo http://www.lloydslist.com/rss 30 144 43 http://www.lloydslist.com/content/rss/lloydslist/lloydslist_rss_logo.gif Saturday http://www.lloydslist.com/art/1210216494903&src=rss IT MAY be unfair to envy Daeyang Shipping chairman Chung You Keun the wealth he has accrued since founding his dry bulk business in 1993. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216494988&src=rss BOOMING dry bulk markets will help boost net profit at China Cosco Holdings to Yuan26.46bn ($3.78bn) this year, according to latest estimates by Macquarie Research. Keith Wallis Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495023&src=rss IRELAND’S shipping and ports industries both handled record cargo volumes last year despite challenging global market conditions, according to the latest annual review published by the Irish Maritime Development Office. David Osler Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495138&src=rss TRADING volumes in dry bulk shipping derivatives have dropped sharply, amid widespread uncertainty about where the physical market will head this week, as spot freight rates hover near all-time highs. Michelle Wiese Bockmann Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495158&src=rss SHARES in Pacific Basin Shipping took a battering on Friday, falling nearly 6.9% to close at HK$13.54 after the Hong Kong-listed handysize specialist confirmed it had raised HK$2.1bn ($274.5m) last week from a new share placement. Keith Wallis Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216494928&src=rss WHEN STX Pan Ocean set out a plan for massive expansion and diversification in 2005, it could not have predicted how successfully things would turn out. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495073&src=rss Yang Ming to spin off bulk Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495093&src=rss NASDAQ-listed DryShips has bought out the private 4.4% stake of its chief executive George Economou in target company Ocean Rig, writes Nigel Lowry. Nigel Lowry Athens Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495108&src=rss AN ABUNDANCE of iron ore from new producers such as Australia’s Fortescue Metals and existing Indian and Brazilian suppliers could scupper attempts by long established players Rio Tinto and BHP Billiton to gain an 85% price hike this year, writes Keith Wallis in Hong Kong. Keith Wallis Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495118&src=rss GOLDEN Ocean will suffer minor delays on the deliveries of three newbuilding bulk carriers as a result of flooding at China’s Rong Sheng yard, writes Tony Gray. Tony Gray Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495143&src=rss INTERDEALER broker Tradition and Oslo-based shipbroker RS Platou said on Friday they are launching a sea freight derivatives desk specialising in dry commodities trade, Reuters reports. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495153&src=rss China steel imports surge Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495183&src=rss ORE Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495203&src=rss China steel imports surge Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495208&src=rss Index basis: 50-52,000 dwt bulk carrier, maximum 10 years old, 25t cranes with grabs, 14k on 30t ifo no diesel at sea Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495273&src=rss For more information on routes or calculations please visit www.balticexchange.com Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495278&src=rss All prices are indications in US$/day of current market level, basis midpoint between bid/offer at 13:00 London time. Contract routes are as current Baltic Exchange definitions. For more information, visit www.freightinvestor.com Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495283&src=rss Rate calculations based on a 172,000 dwt capesize built-1999/daily hire $115,667. Daily Hire provided by: Arrow Chartering, Barry Rogliano Salles, Fearnleys, Socomet Chartering and Sobelnord. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495288&src=rss Rate calculations based on a 172,000 dwt capesize built 1999/daily hire $115,667.Daily Hire provided by: Arrow Chartering, Barry Rogliano Salles, Fearnleys, Socomet Chartering and Sobelnord. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216490899&src=rss NEARLY 1bn tonnes of cargo travelled through China’s Yangtze River portslast year, boosted by rapidly growinginternational trade in containers and iron ore. Michelle Wiese Bockmann Fri, 9 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216490904&src=rss ARGENTINIAN farmers have resumed strike action, with blockades preventing all rail and road deliveries to the country’s largest grain export terminal since Wednesday. Michelle Wiese Bockmann Fri, 9 May 2008 00:00:00 GMT http://www.lloydslist.com/art/20017531573&src=rss GENCO pays $257m for two panamaxes and a suparamax, according to brokers report. Michelle Wiese Bockmann Fri, 9 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216490879&src=rss AN ATLANTIC tonnage shortage will lead to a supramax rates spike, with charterers now waiting for Far East ballasters to arrive and redress the balance, writes Jamie Dale. Jamie Dale Fri, 9 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216490884&src=rss INFRASTRUCTURE projects in India and China will continue to support the demand for supramax and handymax units as larger vessels fail to break into the smaller ports, writes Jamie Dale. Jamie Dale Fri, 9 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216490909&src=rss BULK carrier freight rates are nudging last November’s record highs, as charterers once again pay more than $250,000 per day for capesize vessels carrying iron ore from Brazil to China. Michelle Wiese Bockmann Fri, 9 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216490979&src=rss TIME CHARTERS Fri, 9 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216491044&src=rss For more information on routes or calculations please visit www.balticexchange.com Fri, 9 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216491049&src=rss All prices are indications in US$/day of current market level, basis midpoint between bid/offer at 13:00 London time. Contract routes are as current Baltic Exchange definitions. For more information, visit www.freightinvestor.com Fri, 9 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216491054&src=rss Rate calculations based on a 172,000 dwt capesize built 1999/daily hire $248,885 Daily Hire provided by: Arrow Chartering, Barry Rogliano Salles, Fearnleys, Socomet Chartering and Sobelnord. Fri, 9 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216491059&src=rss Rate calculations based on a 172,000 dwt capesize built 1999/daily hire $248,885 Daily Hire provided by: Arrow Chartering, Barry Rogliano Salles, Fearnleys, Socomet Chartering, Sobelnord. Fri, 9 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216491064&src=rss NORTH Sea support vessel availability has tightened, giving owners the confidence to raise rates, but brokers expect more ships to become available for prompt charter next week, writes Martyn Wingrove. Fri, 9 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216491069&src=rss Index basis: 50-52,000 dwt bulk carrier, maximum 10 years old, 25t cranes with grabs, 14k on 30t ifo no diesel at sea Fri, 9 May 2008 00:00:00 GMT http://www.lloydslist.com/art/20017531320&src=rss BULK shipping company to raise $275m via share sale in Hong Kong. Fri, 9 May 2008 00:00:00 GMT http://www.lloydslist.com/art/20017531374&src=rss DRYSHIPS buys out the private 4.4% stake of its chief executive George Economou in target company Ocean Rig. Nigel Lowry, Athens Fri, 9 May 2008 00:00:00 GMT http://www.lloydslist.com/art/20017531441&src=rss MOVE aimed at maximising its profit potential, the company said. Mike Grinter, Hong Kong Fri, 9 May 2008 00:00:00 GMT http://www.lloydslist.com/art/20017531459&src=rss SHARES takes a hit after handysize specialist confirms sale of 158.6m new shares. Keith Wallis, Hong Kong Fri, 9 May 2008 00:00:00 GMT http://www.lloydslist.com/art/20017531524&src=rss BUMPER revenues on a slightly expanded fleet TBS International to more than treble its quarterly net profit. Rajesh Joshi, New York Fri, 9 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210175936966&src=rss AN EXPANDED fleet taking advantage of healthy dry bulk rates boosted Eagle Bulk’s profits in the first quarter, as the company declared a 50¢ dividend per share, writes Rajesh Joshi in New York. Rajesh Joshi New York Thu, 8 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210175936986&src=rss COAL Thu, 8 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210175937061&src=rss For more information on routes or calculations please visit www.balticexchange.com Thu, 8 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210175937066&src=rss All prices are indications in US$/day of current market level, basis midpoint between bid/offer at 13:00 London time. Contract routes are as current Baltic Exchange definitions. For more information, visit www.freightinvestor.com Thu, 8 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210175937071&src=rss All prices are indications in US$/day of current market level, basis midpoint between bid/offer at 13:00 London time. Contract routes are as current Baltic Exchange definitions. For more information, visit www.freightinvestor.com Thu, 8 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210175937076&src=rss Index basis: 50-52,000 dwt bulk carrier, maximum 10 years old, 25t cranes with grabs, 14k on 30t ifo no diesel at sea Thu, 8 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210175937091&src=rss All prices shown in Worldscale Thu, 8 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210175937096&src=rss Rate calculations based on a panamax Namura 2000, daily hire $94,523. Thu, 8 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210175938546&src=rss Star Iota changes hands Jamie Dale Thu, 8 May 2008 00:00:00 GMT http://www.lloydslist.com/art/20017530872&src=rss ANALYSTS expect surging dry bulk rates to more than offset cost hikes in container and other businesses. By Keith Wallis Thu, 8 May 2008 00:00:00 GMT http://www.lloydslist.com/art/20017531115&src=rss BULK carrier freight rates are nudging record highs, as charterers pay over $250,000 per day for capesize vessels carrying iron ore from Brazil to China. Michelle Wiese Bockmann Thu, 8 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210066179969&src=rss WAH KWONG Shipping Holdings, the Hong Kong bulker specialist, could launch its $200m-$300m initial public offering in July amid a continuing boom in dry bulk rates that saw capesize rates top $244,000 per day last week, writes Keith Wallis. Keith Wallis Wed, 7 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210066179984&src=rss HANDYSIZE drybulk specialist Precious Shipping’s first quarter profits were up 34% despite having a smaller fleet, writes Marcus Hand. Wed, 7 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210066180034&src=rss Aframax charters fixed Wed, 7 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210066180059&src=rss THE Atlantic panamax market has been ignited by a rush of fresh cargoes which are struggling to find sufficient tonnage as owners hold out for period cover, writes Jamie Dale. Jamie Dale Wed, 7 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210066180074&src=rss TIME CHARTERS Wed, 7 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210066180089&src=rss AFRAMAX activity continued its rollercoaster ride in the Mediterranean last week, with French port workers’ strike threats adding to uncertainty, writes Jamie Dale. Wed, 7 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210066180094&src=rss Index basis: 50-52,000 dwt bulk carrier, maximum 10 years old, 25t cranes with grabs, 14k on 30t ifo no diesel at sea Wed, 7 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210066180169&src=rss For more information on routes or calculations please visit www.balticexchange.com Wed, 7 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210066180174&src=rss All prices are indications in US$/day of current market level, basis midpoint between bid/offer at 13:00 London time. Contract routes are as current Baltic Exchange definitions. For more information, visit www.freightinvestor.com Wed, 7 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210066180179&src=rss Rate calculations based on a 172,000 dwt capesize built 1999/daily hire $209,696. Daily Hire provided by: Arrow Chartering, Barry Rogliano Salles, Fearnleys, Socomet Chartering and Sobelnord. Wed, 7 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210066180184&src=rss Rate calculations based on a 172,000 dwt capesize built 1999/daily hire $209,696. Daily Hire provided by: Arrow Chartering, Barry Rogliano Salles, Fearnleys, Socomet Chartering and Sobelnord. Wed, 7 May 2008 00:00:00 GMT http://www.lloydslist.com/art/20017530572&src=rss CONTINUING high dry bulk rates more than compensated the bottom line as STX Pan Ocean pushed on with its diversification drive in 2008. Mike Grinter, Hong Kong Wed, 7 May 2008 00:00:00 GMT http://www.lloydslist.com/art/20017530661&src=rss BRAEMAR unveils an increase of one-third in annual pre-tax profit, a record forward order-book, and a handsome increase in the dividend. Tony Gray Wed, 7 May 2008 00:00:00 GMT http://www.lloydslist.com/art/20017530729&src=rss ORDERS for up to a dozen handysized bulkers have been placed in recent weeks at Daesun Shipbuilding by Greek shipowners. Nigel Lowry, Athens Wed, 7 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1209946502364&src=rss SEEMINGLY undistracted by controversially leading DryShips into a massive diversification in the offshore sector, George Economou has confirmed a new round of acquisitions and disposals at the Nasdaq-listed bulker company. Nigel Lowry Tue, 6 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1209946502374&src=rss A “BIDDING war” to deliver “scarce” commodities will see bulk carrier freight rates smash last year’s records by as early as October. Michelle Wiese Bockmann Tue, 6 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1209946502399&src=rss UNCERTAINTY about iron ore contract price negotiations with Australian miners has brokers in Asia questioning how long the current dry bulk boom will continue, writes Keith Wallis. Keith Wallis Tue, 6 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1209946502404&src=rss LITTLE headway has been made between Chinese mills and Australian miners as annual iron ore contract price talks remain deadlocked, writes Keith Wallis. Tue, 6 May 2008 00:00:00 GMT http://www.lloydslist.com/art/20017529993&src=rss DRY bulk specialist remains upbeat about next 12 months on coal demand from China and low scrapping rates. By Marcus Hand in Singapore Tue, 6 May 2008 00:00:00 GMT