Dry Bulk
Stay informed with the latest news, analysis, and market insight for the dry bulk shipping industry through our expert coverage
The rise and fall of bulk shipping stocks — and the rise and rise of container stocks
Counterintuitively, stocks in the segment with historically high newbuilding deliveries — container shipping — have done far better in 2024 than segments with low deliveries: tankers and dry bulk
Dry bulk sentiment sours as spot rates continue to slide
Any positive dry bulk sentiment from China’s stimulus announcement has already evaporated. Chinese iron ore and coal stockpiling, together with route disruptions, propped up the market earlier this year, but support is starting to fade, with supply outweighing demand
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
Panamax bulker values drop as buyers exercise caution
China’s stimulus package has created an expectation of future demand growth and could act as a buffer against any significant decline in dry cargo carrier values, says Xclusiv Shipbroker analyst Dimitris Roumeliotis
Genco expands fleet with $47.5m capesize acquisition
Genco Shipping has bought a 2016-built capesize for $47.5m. The acquisition, which comes against a backdrop of strong secondhand asset prices, will expand Genco’s capesize fleet to 17 vessels after its delivery
Capesize rates rebound after slow week
Some analysts suggest that extreme weather in China has changed the momentum of capesize rates; others say increased iron ore and coal demand are still driving the sector’s recovery
Bauxite boom underpinning capesize rates seen easing for 2025
UAE-backed Guinea Alumina Corporation says it is pushing ahead with plans to build an alumina refinery as the West African government signals it wants to refine more bauxite rather than exporting the raw material
Star Bulk sells its oldest bulker for $20m in hot secondhand capesize market
Nasdaq-listed Star Bulk Carriers announces sale of 2004-built capesize for $20m amid strong asset prices for bulkers. Data from shipbroker Xclusiv shows that the average price for a 15-year-old capesize has risen more than 40% so far this year
Market rebound helps Jinhui return to profitability in first half
The strong uptrend in rates was exacerbated by limited vessel supply, especially in the minor bulks trade, Jinhui said
Golden Ocean betting on capesizes amid possible tonne-mile tripling
The company is taking advantage of a healthy capesize TCE rates and believes its fuel efficient fleet means it will be in a good position to benefit from a strengthening market
Budding Hong Kong ship finance firm SeaKapital in joint venture with China’s Seacon
SeaKapital, set up by Hong Kong shipping stalwarts Sabrina Chao and Kenneth Lam, has moved quickly since being set up in April 2023
Bulk carrier asset prices continue to rise as sellers hold the upper hand
Robust freight rates have translated into healthy profits for owners, reducing their incentive to sell vessels unless they get their desired price, said Xclusiv Shipbrokers
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