Panamax bulk carrier , operated by Fujian Guohang Ocean Shipping, collided with three river vessels at Zhenjiang anchorage on Tuesday evening. The three vessels were tied together and anchored and all sank after the collision. Five crew from the sunken ships were rescued, while another four crew...
https://splash247.com/out-of-control-chinese-bulker-collides-with-three-river-vessels-four-missing/
Investors’ wait-and-see approach has finally transformed into action with a strong start in S&P action in the fourth quarter. Activity has been most pronounced in the dry bulk sector, where prices for panamaxes and supramaxes are firming up in particular. “On the dry side, a considerable boost in...
Chinese financial leasing company AVIC International Leasing has signed shipbuilding contracts with SUMEC Marine for the construction of eight 63,500 dwt ultramax bulk carriers. The vessels will be constructed at Dayang Shipbuilding, which was taken over by SUMEC earlier this year and is currently...
https://splash247.com/avic-international-leasing-orders-eight-ultramax-bulkers-at-dayang/
BW Dry Cargo, founded in April 2016, is looking to cash in on rising prices for kamsarmaxes, putting the first two ships it bought in the shop window. Splash understands both the and the (pictured), two Japanese-built, eight year old ships, are up for sale. The two vessels were the first ships...
https://splash247.com/bw-puts-its-first-two-kamsarmaxes-in-the-shop-window/
Fresh from lavishing national flagship HMM with $5.4bn in state funds, newly incorporated Korea Ocean Business Corp has set aside a further $122m for four more local shipping companies in a move that will exasperate counterparts in Europe. Korea Line Corp, SK Shipping, H-Line Shipping and Polaris...
https://splash247.com/seoul-extends-state-aid-to-more-local-lines/
Chinese domestic dry bulk shipping operator CSC Phoenix has announced that a court in Shenzhen has ruled to auction its controlling shareholder Tianjin Shunhang Shipping’s shares in the company at the request of Beijing Greatwall Minxing Equity Investment Fund due to a debt dispute. Tianjin...
https://splash247.com/tianjin-shunhangs-csc-phoenix-stake-to-be-auctioned-by-court/
Guangzhou Maritime Court will hold an auction for defunct Shantou Di Yuan Shipping’s 2009-built bulk carrier Di He on October 29. The valuation price of the vessel is RMB40m ($5.78m). Di Yuan Shipping suspended operations last year after it was hit by a financial crisis and most of the company’s...
https://splash247.com/another-di-yuan-shipping-bulker-to-be-auctioned-by-court/
South Korean private equity firm Hahn & Co has completed the buyout of one of the nation’s largest owners, SK Shipping, formerly part of energy conglomerate SK Group. Hahn & Co, which already has a local shipping line in the form of H-Line, is reported as paying $1.35bn for a 90% stake in SK...
https://splash247.com/hahn-co-completes-sk-shipping-takeover/
Greek dry bulk owner has entered into a $310m loan agreement which refinances 26 vessels and includes a $70m tranche to finance the procurement and retrofitting of scrubbers for up to 50 vessels. Star Bulk has already drawn $240m and refinanced 26 vessels made up of four newcastlemaxes, four...
Shanghai Guanggu Financial Leasing has entered into the ship leasing sector after securing its first ever ship deal. The company has completed a sale and leaseback deal with Zhejiang Baoqian Shipping for the 16,000 dwt handy bulker De Qin 77. Guanggu Financial Leasing set up the shipping unit last...
https://splash247.com/guanggu-financial-leasing-enters-ship-leasing-sector/