Dry Bulk
Stay informed with the latest news, analysis, and market insight for the dry bulk shipping industry through our expert coverage
Mixed signals from Chinese economy behind Rio Tinto shipment dip
Rio Tinto said it had seen signs of stabilisation from the Chinese real estate market in November home price data, as rumours of merger talks with Glencore surface
Bulk carrier values continue to correct while freight markets fall
Bulk carrier values have dropped by up to 18% since their mid-year 2024 highs. Prices of capesize units, which maintained their strength throughout most of the year, are now also losing steam
Eagle S owners could abandon tanker, lawyer says
Herman Ljungberg, who represents owners Caravella LLC FZ, said Finnish authorities had ‘no jurisdiction whatsoever’ to board the tanker
Taiwan Navigation offers five-month bonus as 2024 revenue hits near-record high
The remuneration, which consists of one month of performance bonus and four months of end of year bonus, is lower than the year-ago level, however
Ships being circulated for recycling on the rise
‘We are approaching a period of potential increased flow of recycling tonnage, but at present uncertainties prevail at multiple fronts geopolitically,’ says cash buyer Wirana Shipping
Finnish authorities name 32 deficiencies on Eagle S
The Cook Islands-flagged tanker accused of cable cutting in the Gulf of Finland has been detained before, when 24 deficiencies were found in Tema, Ghana, in September 2023
Eagle S anchor found on seabed
Finnish state-owned broadcaster Yle said the Swedish naval vessel HMS Belos recovered the anchor and has since handed it over to the country’s authorities for investigation
Finland court upholds Eagle S seizure order
This is the first ship intercepted by a Baltic country accused of sabotaging undersea cables,underscoring the high-stakes legal manoeuvrings underway to keep Russia-linked tanker apprehended in Finnish waters
Lawyer for cable-cutting tanker Eagle S applies to Finland court to overturn seizure order
Police investigating aggravated criminal mischief found drag marks for dozens of kilometres where the anchor of the Cook Islands-flagged tanker damaged the Estlink 2 underwater electricity cable on Christmas Day
Cable-cutting, seized Russia-linked ‘spy ship’ left anchor drag marks over Baltic seabed
This is the first time a merchant ship has been impounded by a government following undersea cable damage. Russia-linked suspected ‘spy ship’ Eagle S dragged its anchor along the seabed where the Estlink 2 undersea cable was damaged, according to Finland’s National Bureau of Investigation
Dry bulk: Tighter supply to balance demand drop-offs
On a positive note, restrained fleet growth combined with slower sailing speeds and greater recycling, prompted by weaker rates and coming emissions regulations, will prevent 2025 from being a true annus horribilis
EuroDry inks deal for two ultramax newbuildings
Move highlights Nasdaq-listed owner’s commitment to growing and modernising its fleet
Star Bulk lifts profits in wake of Eagle merger
Petros Pappas-led bulker giant has clinched new $130m loan to finance five kamsarmax newbuildings under construction
Thermal coal imports to Europe plummet due to renewables switch
Coal shipments to advanced economies have fallen for their second consecutive year, with Europe registering a 22% year-on-year drop
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