Emanuele Lauro’s Scorpio Bulkers has been given a commitment by Nordea Bank and DVB Bank for a loan facility of up to $90m. The loan is being used to refinance up to 60% of the value of six ultramaxes, and will see Scorpio pocket around $28m after the repayment of the existing debt attached to […]
https://splash247.com/scorpio-bulkers-pockets-28m-from-refinancing-of-ultramaxes/
British shipowner Anglo Investments, headed by ex-Graig executive Steven Davies, has picked up it fifth vessel having been revealed as the buyer of 2011-built post-panamax Ten Jin Maru from Japan’s Kambara Kisen. VesselsValue list the transaction price as $21m for the vessel, which brokers had...
https://splash247.com/anglo-investments-fleet-hits-five-with-post-panamax-acquisition/
Rongtua Shipping Group, a Singapore-based logistics company which mainly operates business in China, has entered the shipowning business with an order for two 61,000 dwt bulk carriers at Jiangsu Dayang Shipbuilding. The two vessels will be used for the company’s river-sea intermodal transport...
https://splash247.com/rongtua-shipping-enters-shipowning-with-dayang-ultramax-orders/
The Australian government has warned China is at “peak steel” this year, with steel output set to decline from next year. Chinese steel production is “forecast to peak in 2018,” Australia’s Department of Industry, Innovation & Science said in a quarterly report this week. After topping out at 886m...
The strong rebound of sale and purchase activity in the previous week did not continue this week, despite the chartering market showing a notable pick up across most sectors. It is believed that the market is still in the process of shifting fundamentals and investors are re-evaluating their...
https://splash247.com/weekly-broker-prices-jump-on-renewed-chartering-optimism/
Cosco Shipping Bulk, the bulk shipping unit of China Cosco Shipping Corporation, has announced that it has secured a long-term shipping contract with Aluminum Corporation of China (CHALCO) for the transportation of bauxite from Guinea to China. According to Cosco, the contract is part of a...
https://splash247.com/cosco-secures-bauxite-shipping-contract-from-chalco/
Lugano-based Nova Marine Carriers group is expected to make a profit from the sale of one of two 2011-built handysize bulk carriers bought just six months ago. Broking sources report this week that the is being sold to an unidentified Greek buyer for some $10m. MSI places the fair market value of...
https://splash247.com/nova-marine-carriers-flipping-bulker-for-handy-profit/
NASDAQ-listed Seanergy Maritime Holdings Corp has entered into definitive agreements with unaffiliated third parties for the purchase of a modern secondhand capesize vessel and the sale of two supramax dry bulk vessels. The transactions are expected to be completed in the fourth quarter of 2018....
Brokers tell Splash that shy French charactering giant Louis Dreyfus has added the 57,000 dwt for a price of $9.3m from Bibby Line. Currently the outfit has three capes in the bulker segment. Louis Dreyfus repeatedly makes headlines for its period deals and has never made a decision to put too many...
https://splash247.com/louis-dreyfus-linked-to-rare-bulker-purchase/
The 83-ship bulker mammoth from Japan, Mitsubishi Corporation, is offloading ships at pace with Splash understanding three have been sold in the last week ago. First to be sold were two 38,000 dwt handies, Unicorn Ocean and Ocean Wealth, sold en bloc for $15m to Orient Shipping. The giant trading...