Over the past 4-5 weeks, a new titan has emerged to claim the momentum: dry bulk shippers, says an article published in Capital Link.
The New MomentumWe have enjoyed a phenomenal run with shipping investments during the past 6 months, with containerships leading the way to near-record high charter rates. However, over the...
A Freight Waves news report by Greg Miller reveals that rising dry bulk rates are not coinciding with rising orders for new ships.
Dry bulk is off to the racesDry bulk is “off to the races,” maintained...
https://mfame.guru/dry-bulk-rates-a-positive-impact-on-world-economy/
Cido sold five bulkers in the last three weeks, shaving off most of its panamax arm, and a supramax, reports Splash 247.
Signals shrinkingThe 70-ship strong outfit has shown signs that it wants to shrink its exposure to the bulker segment for months.
Its selloff started last summer when it began marketing half its cape fleet, and later selling a 14-year-old cape last autumn. Since then it has been quiet through to this month. Now senior officials have decided that the time is to sell.
Sale...
Scorpio Bulkers has sold an ultramax bulk carrier to an an unaffiliated third party, says a press release published on their website.
The Vessel valueScorpio has sold the 2017-built ultramax SBI Libra, which has been on long-term charter from Ocean Yield, to an unnamed third party with delivery scheduled this quarter.
Scorpio says it has sold the vessel for $18.65m, while Ocean Yield says that Scorpio declared an option to sell the vessel netting the Norwegian company $20m. According to...
https://mfame.guru/scorpio-bulkers-announces-its-18-65m-vessel-sale/
With the dry bulk market heating up, Greek ship owners are actively looking to acquire modern dry bulk...
http://mfame.guru/demand-for-modern-bulk-tonnage-in-shipping-market/