Lloyds List: Dry Cargo

Channel Description:

Latest Articles in this Channel:

02/16/12--07:15: Vale iron ore sales to Asia boost dry bulk tonne-mile demand (chan 2536809)

China, Japan and South Korea account for 60% of Brazilian miner’s ferrous sales in 2011


02/16/12--08:12: Hajioannou says Vale transhipment hub does not make financial sense (chan 2536809)

Safe Bulkers chief tells analysts that such a move would be positive for the capesize market


02/16/12--08:22: Supramax owners hope for March market rebound (chan 2536809)

Atlantic decline halts as Pacific rates grow on fewer ships


02/16/12--09:25: Dry bulk owners should hold off ordering even if yards drop prices (chan 2536809)

Safe Bulkers chief says newbuilding values will stay low for some time, so companies should order later in the downturn


02/16/12--09:48: The Baltic Dry what? (chan 2536809)

Righting the shipping industry’s Wikipedia wrongs


02/17/12--03:04: Vale works with Chinese authorities to win access for VLOCs (chan 2536809)

Miner to sell 80% of its iron ore at spot prices in olive branch to China steelmakers


02/17/12--03:28: Globus alleges anomalies in supramax redelivery (chan 2536809)

Nasdaq-listed owner points the finger at charterer for return of bulker out of position and short on bunkers


02/17/12--03:47: Paragon axes bulker book values (chan 2536809)

Company ‘sufficiently protected’ against worse market, says chief executive Michael Bodouroglou


02/17/12--04:48: Vale chief executive Murilo Ferreira talks ‘game-changer strategy’ (chan 2536809)

Chinese ports understand advantages of VLOCs but CSA is ‘not helping’


02/17/12--05:56: HMM legal campaign against Grand China reaches California (chan 2536809)

Attachment order secured in Los Angeles


02/17/12--06:02: The sideways shuffle (chan 2536809)

Capesize period fixtures more active as owners eye a lacklustre spot market


02/17/12--06:53: Bulk carrier fleet tops 9,000 vessels (chan 2536809)

Newbuilding deliveries could push it over the 10,000 mark by year-end


02/19/12--16:10: Dry market doldrums to continue for now (chan 2536809)

The mining majors have come back into the market with cargoes, but demand in China makes this seem like a short term phenomenon


02/20/12--04:00: Beware the lure of cheap orders, warns Polemis (chan 2536809)

ICS slams scramble for market share by ‘obsessive’ shipbuilding nations


02/20/12--08:55: Japanese sell-offs drive secondhand dry bulker bonanza (chan 2536809)

Brokers report a flood of vessels seeking offers


02/20/12--09:41: The luck of the gods (chan 2536809)

Greeks rush in where mortals fear to tread


02/21/12--07:12: Panamax owners are subsidising operating costs on Atlantic voyages (chan 2536809)

Brokers fear bulk carrier market is heading towards the negative earnings seen in the tanker sector last year as the fleet grows


02/21/12--08:00: Market sees mini capesize boom (chan 2536809)

Mid-size bulkers balance capacity with access to shallow Southeast Asia ports


02/22/12--02:41: Precious Shipping buys secondhand bulker (chan 2536809)

Thai handysize specialist pays $16.7m to Indian owner


02/22/12--02:53: Excel fixes bulk carriers at low rates (chan 2536809)

Latest fixtures give Greek dry bulk carrier 60% fleet coverage


02/22/12--03:07: Genco steers clear of the red in fourth quarter (chan 2536809)

Results beat analysts’ expectations even as voyage revenue declines by 26%


02/22/12--07:26: US coal exports hit record high in 2011 (chan 2536809)

Volumes shipped quadruple in a decade


02/23/12--01:56: Dryships posts 2011 loss due to fourth-quarter impairment charges (chan 2536809)

George Economou-led company offloaded three panamax vessels


02/23/12--02:06: Globus dispute with charterer escalates after ship arrest (chan 2536809)

Owner claims it had to pay Allied Maritime’s fuel invoices and legal bills


02/23/12--02:58: Economou stays bullish despite Ocean Rig dip in profits (chan 2536809)

DryShips-affiliated driller keeps its newbuilding options open


02/23/12--06:19: Navios pays out despite dip in profits (chan 2536809)

Solid time charter coverage and focus on efficiency guide the company into 2012


02/23/12--07:02: Genco launches $50m follow-on offering (chan 2536809)

Effort to lower interest bill after voluntary pre-payment in December secures covenant waivers


02/23/12--07:02: Secondhand vintage handy market suffers from lack of Chinese interest (chan 2536809)

Tonnage offers ‘low-risk investment’, say sale and purchase brokers


02/23/12--08:13: Asset value threat for panamaxes (chan 2536809)

Bids on seven-year-old ship fail to live up to market expectations


02/23/12--08:28: Pacific supramax rates recovery offset by Atlantic decline (chan 2536809)

Period charter market anticipates rates recovery from April