All Vale’s VLOCs to be sold in mining company's bid to lower depreciation and impairments.
Call for practical and efficient regulation: Complying with the impending environmental rules should not exhaust shipping companies, says BIMCO president and Common Progress CEO Anastasios Papagiannopoulos
Privately owned Danish dry bulk and small LPG carrier owner has reduced its losses both in the latest quarter and the first six months of the year, but its chief executive says profitability in dry cargo is still some time away.
Listed Fredriksen bulk company has posted a small profit for the latest quarter and a much reduced loss for the first six months of the year as the market continues to recover from record lows.
Bulk carrier market will grow at a far slower pace in the next 10 years with the bigger vessel classes likely to benefit most, according to IHS Markit Maritime and Trade quarterly overview
Thai group Thoresen Thai Agencies restores profitability on the back of improving dry bulk market driven by a narrowing supply-demand gap.
The government is hoping that the financial arrangement could persuade HHI to re-open its secondary yard in Gunsan, which was temporarily shut in July due to a decline in new ship orders.
The gradual closing of the oversupply gap bodes well for the future well-being of the dry bulk market, Western Bulk suggested.
Songa Bulk was set up in late 2016 to capitalise on an anticipated cyclical recovery in the dry bulk sector and has a fleet of 12 vessels.
DryShips has announced more related-party deals with founder George Economou, but this time, the transactions could serve to better align Economou’s interests with outside shareholders.