Star Bulk Carriers Corp. (Nasdaq: SBLK) announced the completion of its merger with Eagle Bulk Shipping Inc., creating the largest US-listed dry bulk shipping company The combined entity now controls…
https://gcaptain.com/star-bulk-completes-merger-with-eagle-bulk-shipping/
Ocean shipping routes are always in flux, but 2023 took it to a whole new level.
Trade routes were blocked or impeded by geopolitics, labor and weather: sanctions on Russia, U.S.-China tensions, dockworker union unrest, drought-driven cuts at the Panama Canal, and attacks on ships in the Red Sea.
Ocean trade detoured around each obstacle. When vessels divert in large numbers, it makes headlines, but that flexibility is one of ocean shipping’s greatest strengths. Ship diversions, as the software...
https://www.freightwaves.com/news/top-ocean-shipping-stories-of-2023-war-drought-and-detours
Star Bulk Carriers Corp. (Nasdaq: SBLK) and Eagle Bulk Shipping Inc. (NYSE: EGLE) have announced their agreement to merge in an all-stock deal, creating the largest U.S. listed dry bulk…
https://gcaptain.com/star-bulk-and-eagle-bulk-announce-merger/
Dry bulk shipping is the world’s largest ocean shipping market by volume and boasts the world’s largest freight futures market. After spending most of this year on the sidelines, dry bulk shipping is suddenly back in the spotlight again.
Spot rates have gone parabolic over the past four weeks. Freight futures trading has been frenetic. Dry bulk stocks are up double digits.
A week that shipowners ‘dream of’
Rates for Capesizes — larger dry bulk vessels with capacity of around 180,000 deadweight...
https://www.freightwaves.com/news/dry-bulk-shipping-logs-astronomical-gains-but-rally-looks-fleeting
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The Israel-Hamas war has raised concerns about future fallout for shipping at two “chokepoints”: the...
https://www.freightwaves.com/news/yet-another-shipping-chokepoint-risk-as-yemen-rebels-attack
The impact on dry bulk shipping demand is likely to be minimal as the bilateral relations between Canada and India crumbled to an all-time low, sources Linkedin.
Minimal ImpactThe political row between Canada and India escalated last week, with both countries taking diplomatic actions to take a stance. The trade talks between the two countries have already been halted. However, Drewry expects a minimal impact on dry bulk shipping, even if trade between them deteriorates...
https://mfame.guru/deteriorating-bilateral-relations-less-likely-to-impact-dry-bulk-shipping/
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How much do ocean shipping executives make per year? The answer depends on whether you’re talking...
https://www.freightwaves.com/news/how-much-do-shipping-ceos-make-heres-their-2022-pay-info
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Clean, green renewables are on the rise. Coal, the dirtiest fuel, is dying. Or so the energy...
https://www.freightwaves.com/news/more-coal-is-being-shipped-by-sea-than-ever-before
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Traditional shipowning families often don’t behave like retail stock traders focused on the next few...
https://www.freightwaves.com/news/danaos-buys-into-dry-bulk-shipping-amid-rate-slump-cheaper-ships
