Rowe says bulkers are still cheap, even though the number of vessels swapping hands is among the highest since the height of the dry bulk boom in 2007.
Finance lessor shows support for shipbuilder on new lease of life
Shipowners vow to regroup after fuel compliance proposal fails to gain traction.
The better conditions come after the tanker market suffered its worst year in 25 years, while the dry cargo market has slowly recovered from a sustained downturn.
Approval comes amid accusations that Mercuria is seeking to acquire the bunker supplier.
Order will raise Norwegian owner’s Kamsarmax fleet to 10 units.
If the plan is approved, Sinotrans will be delisted from the Hong Kong Exchange early in 2019.
Both captains of a cargo ship and a fishing vessel involved in a collision near Taiwan’s Taichung port have refused to admit they were at fault.
COSCO Shipping Specialized Carriers has ordered up to nine 62,000 dwt open-hatch pulp carriers from sister shipyard COSCO Shipping Heavy Industry.
Klaveness Combination Carriers is going ahead with another 83,563 dwt unit at Jiangsu New Yangzi, one of Yangzijiang’s shipyards.