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Dry Bulk

Diana Shipping Announced Vessel Delivery, Time Charters

Diana Shipping Inc. announces delivery of the newly built Capesize Dry Bulk Carrier m/v Santa Barbara; time charter contracts for m/v Polymnia with Vroon and m/v Danae with Glencore   Diana Shipping Inc. announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/v Santa Barbara (formerly Hull No. BC18.0-51), a 179,426 dwt newly built Capesize dry bulk vessel that the company entered into an agreement to purchase in December 2014.   The company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Vroon Dry Cargo Chartering B.V., Breskens, for one of its Post-Panamax dry bulk vessels, the m/v Polymnia. The gross charter rate is $7,500 per day, plus $237,500 ballast bonus, minus a 5% commission paid to third parties, for a period of minimum nine months to maximum 13 months. The charter is expected to commence January 17, 2015.   The Polymnia is a 98,704 dwt Post-Panamax dry bulk vessel built in 2012.   Additionally, the company announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Glencore Grain B.V., Rotterdam, for one of its Panamax dry bulk vessels, the m/v Danae. The gross charter rate is $7,650 per day, minus a 3.75% commission paid to third parties, for a period of minimum 11 months to maximum 14 months. The charter is expected to commence on January 16, 2015.  


Diana Shipping Announces Time Charter Contract for Protefs with Transgrain

M/v Protefs. Photo: Diana Shipping Inc

 Diana Shipping has  chartered the 73,630 dwt, 2004-built panamax, Protefs to Transgrain shipping for 12 – 16 months at a rate of $4,500 per day minus 5% commission.   This employment is anticipated to generate approximately US$1.55 million of gross revenue for the minimum scheduled period of the time charter.   Diana Shipping Inc.’s fleet currently consists of 43 dry bulk vessels (2 Newcastlemax, 14 Capesize, 3 Post-Panamax, 4 Kamsarmax and 20 Panamax)


Diana Shipping Charter Out Panamax Bulker at Daily US$11k

MV Triton: Photo credit Diana Shipping

Diana Shipping Inc. has time- chartered out the 75,336 dwt MV Triton to Bunge S.A., Geneva, at a gross charter rate of US$11,000 per day, minus a 5% commission paid to third parties, for a period of up to minimum September 1, 2014 to maximum October 31, 2014. The charter is expected to commence on December 8, 2013. The owners add that this employment is anticipated to generate approximately US$2.86 million of gross revenue for the minimum scheduled period of the charter.


Great Eastern Shipping to Sell Large Cargo Ship

Picture: Great Eastern Shipping Company Ltd

 India's largest private sector shipping firm Great Eastern Shipping Company Ltd. (GE Shipping) has signed a contract to sell a 1996-built capesize dry bulk carrier Jag Arjun by this March-end.  "The vessel will be delivered to the buyers during the fourth quarter (January-March) of the current fiscal," the company said in a statement.   Capesize dry bulk carriers, the largest cargo ships plying in international waters, are mainly used to transport coal


Diana Shipping Time Charter Contract for Seattle with SwissMarine

M/V Seattle. Photo: Diana Shipping Inc

 Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels,  has announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with SwissMarine Services S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v Seattle.    The gross charter rate is US$7,300 per day minus a 4.75% commission paid to third parties, for a period of about eleven (11) months to maximum fourteen (14) months


Slashed Charter Rate for Diana's m/v Houston

Courtesy Diana Shipping

Diana Shipping Inc. a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Services S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v Houston. The gross charter rate is US$5,150 per day, minus a 5% commission paid to third parties, for a period of minimum eleven (11) months to maximum fourteen (14) months


Diana Shipping Takes Delivery of Panamax Bulk Carrier

Diana Shipping Inc. has taken delivery today of a newbuilding Panamax dry bulk carrier, the Coronis, from Hudong-Zhonghua Shipbuilding (Group) Co., Ltd., Shanghai China. The Coronis is a Panamax dry bulk carrier of 74,381 dwt. With the delivery of the Coronis, Diana Shipping has increased its fleet to thirteen vessels (twelve Panamax dry bulk carriers and one Capesize dry bulk carrier). With the delivery of this vessel the Diana Shipping fleet will have a combined carrying capacity of


Diana Shipping, Clearlake Extend Charter

Myrsini (photo: Diana Shipping)

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, today announced that it has agreed to extend the present time charter contract with Clearlake Shipping Pte. Ltd., Singapore, for one of its Kamsarmax dry bulk vessels, the m/v Myrsini. The gross charter rate will remain $15,500 (USD) per day, minus a 4.75% commission paid to third parties, for a period of up to minimum February 15, 2015 to maximum May 10, 2015


Diana Shipping fixes Post-Panamax

mv  ALCMENE

  Diana Shipping Inc. announced today that through a separate wholly owned subsidiary, it entered into a time charter contract with ADM International Sarl, Rolle, Switzerland, for one of its Post-Panamax dry bulk vessels, the m/v Alcmene. The gross charter rate is US$6,750 per day minus a 5% commission paid to third parties, for a period of minimum twenty-one (21) months to about twenty-four (24) months. The charter is expected to commence on May 12, 2015.


Diana Delivers Kamsarmax Dry Bulk Vessel

Medusa. Photo by Diana Shipping Inc

 Diana Shipping Inc. has through a separate wholly-owned subsidiary took delivery of the m/v Medusa (formerly ”Torm Island”), a 2010-built Kamsarmax dry bulk vessel of 82,194 dwt that the company entered into an agreement to purchase in April 2015.   Athens-based dry bulk specialist also announced that it entered into a time charter contract with Clearlake Shipping Pte. Ltd., Singapore, a member of the Gunvor Group, for the Medusa.  


BIMCO: Shorter sailing distances limit upside of two-year high Chinese coal imports

Logo

Australia and Indonesia, being the main exporters of coal to China, are growing their market share at the expense of longer haul exporters like the US and South Africa. Therefore, dry bulk shipping demand does not enjoy full tonne-mile demand, when the imported coal volumes increase.  


GOGL Sinks into Loss

Photo: Golden Ocean Group Limited

Dry bulk shipping company Golden Ocean Group Limited, while announcing its preliminary results for the quarter ended September 30, 2016, informed that it suffered a net loss of $26.7 million and a loss per share of $0.25    Highlights  


Diana Shipping Gets Charters Two Bulkers

New Orleans. Photo: Diana Shipping

 Greek dry bulk shipping company Diana Shipping has entered into time charter contracts for its two vessels, the M/V Orleans and the M/V Melite, which are scheduled to start in December 2016.   "Diana Shipping, through a separate wholly-owned subsidiary


Seanergy Maritime Adds a Bulker

Courtesy Seanergy Maritime Holdings Corp.

Athens, Greece - Seanergy Maritime Holdings Corp. announced today that it has taken delivery of a 178,838 dwt Capesize dry bulk vessel, renamed to M/V Lordship and built in 2010 by Hyundai Heavy Industries in South Korea. The M/V Lordship is the first of two Capesize vessels that the Company


Klaveness Exits Bulk Shipping Business

Courtesy Klaveness

With the sale of the kamsarmax vessel MV Bavang to Asian interests Klaveness has exited the dry bulk shipping business. Klaveness took delivery of the vessel from the yard in February 2016 and it was one out of an eight order deal made in 2013/2014.


Clarksons Platou's Inaugural Seminar at DMCA’s Dubai Maritime Week

The Dubai Maritime City Authority (DMCA) is set to facilitate a first-of-its-kind seminar dedicated to Middle East shipping and offshore activities. The event will be conducted by Clarksons Platou, a global leader in maritime brokerage and investment banking


Diana Shipping Abandons Kamsarmax Order

Courtesy Diana Shipping

 Diana Shipping Inc.  today announced that, through a wholly-owned subsidiary, it provided a notice of cancellation of the shipbuilding contract with Yangzhou Dayang Shipbuilding Co., Ltd. and Shanghai Sinopacific International Trade Co., Ltd


Carisbrooke Joins Forces with Nova Marine

Photo: Carisbrooke Shipping

The commercial short sea bulk activities of traditionally shortsea ship owners Carisbrooke Shipping Ltd and Nova Marine Carriers SA will be expanded and consolidated effective January 1, 2017.   Notwithstanding both groups’ commercial networking offices


Eagle Bulk Snaps 6-year Order Drought

U.S. based ship owner and operator Eagle Bulk Shipping Inc. has bought its first vessel in more than six years, acquiring a 2016-built dry bulk vessel constructed in China at Nantong COSCO Kawasaki Heavy Industries Engineering Co., Ltd. (NACKS), the shipper said in a statement.


Great Eastern Shipping Q2 Profit Falls About 24 Pct

Photo: Great Eastern Shipping Co. Ltd

 Great Eastern Shipping  (GES) Company posted a 23.9 per cent decline in consolidated net profit at Rs 268.7 crore ($40 million) for the second quarter ended September 30, 2016, reports PTI.   The company had posted a consolidated net profit after tax of Rs 353


Dry Bulk’s Biggest Spenders

Figure 1 (Source: VesselsValue)

In the last month, we have seen the Baltic Dry Index (BDI) recover to the same level it was 12 months ago (see circles in fig.1). Vessel values have started to firm, but not at the same rate and are still at historically low levels.  


CNCo Christened MV Tunsin at Imabari Shipyard

MV Tunsin Photo CNCo

The China Navigation Company (CNCo) christened its last newbuild bulk carriers, MV Tunsin, on 16 November at the Imabari Shipyard in Japan. Tunsin is the 241st CNCo newbuilding and the 86th vessel in this series. CNCo ordered four handysize bulk carriers (Imbari38 loggers) from Imabari


Naming Ceremony for CNCo Newbuilding

Photo: The China Navigation Co.Pte.Ltd

 Following the naming of its new cement carrier, MV Aotearoa Chief, in New Zealand yesterday, The China Navigation Company (CNCo) christened its last newbuild, MV Tunsin, on 16 November at the Imabari Shipyard in Japan. Tunsin is the 241st CNCo newbuilding and the 86th vessel in this series


‘Frothy’ Capesize Sector Threatens New Year Hangover for Dry Bulk

Photo: BSM

Maritime Strategies International (MSI) is forecasting a firm festive season for the dry bulk market, swiftly followed by a New Year comedown.   In its latest Dry Bulk Freight Forecaster* MSI notes that after a steady fall in average daily TCE spot earnings in October


Scorpio Bulkers Signs Time Charter-Out Agreements

Photo: Scorpio Bulkers Inc

 Scorpio Bulkers, Inc.  announced that it has entered into time charter-out agreements for two Ultramax vessels and one Kamsarmax vessel.   The two Ultramax vessels are SBI Leo and SBI Achilles and the Kamsarmax vessel is SBI Cakewalk.  






 
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