Marine link
 

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 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.


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


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 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.  


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 Announces Charter Contract

Diana Shipping Inc., a global shipping transportation company specializing in dry bulk cargoes, announced that it has entered one of its Panamax dry bulk carriers, the Oceanis, into a time-charter contract with J.B. Ugland Dry Bulk A/S for a period of approximately 24 days, estimated to begin on August 22, 2005, at a gross rate of $12,500 per day plus a $198,000 one-time payment. Applying the above mentioned one-time payment to this fixture, and based on


Scorpio Bulkers Continue Newbuilding Spending Spree

A Scorpio Bulker: Image courtesy of the owners

Scorpio Bulkers inc. announce newbuilding agreements for 3 Capesize dry bulk vessels for an aggregate of US$162-million from the South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering Co., Ltd. (DSME). The three Capesize dry bulk carriers of 180,000 dwt each are to be built at DSME's subsidiary facility Daewoo Mangalia Heavy Industries S.A. in Romania. All these 180,000 dwt ships are to be built in Romania and are of the same specification with the first two to be delivered


DryShips Loss $59.2mln in Q1

Ocean Rig Corcovado and Ocean Rig Olympia naming ceremony at Samsung Heavy Industries. Photo by DryShips Inc

 The Athens, Greece-based DryShips Inc. (DRYS) has reported a loss of $59.2 million in its first quarter. DryShips is an owner of dry bulk carriers and tankers that operate worldwide.   The company said it had a loss of 9 cents on a per-share basis. Earnings, adjusted for non-recurring costs, were less than 1 cent on a per-share basis.   The operator of oil rigs and dry cargo carriers posted revenue of $492.1 million in the period. The Company reported Adjusted EBITDA of $242


Star Bulk Sells Star Christianna

  Star Bulk Carriers Corp., a global shipping company providing transportation solutions in the dry bulk sector, today announced the sale of M/V Star Christianna (a 74,577 dwt Panamax vessel, built in 1998) to an unaffiliated third party.


Scorpio Bulkers Charters Out Newbuild Bulker

Dry bulk marine transport provider Scorpio Bulkers Inc. announced today that it has agreed to time charter-out the SBI Montesino, a Capesize vessel that is currently under construction in South Korea with delivery expected in July, 2015. Upon delivery from the shipyard


Shipping Confidence at 7-year Low -Survey

File photo

Overall confidence levels in the shipping industry fell during the three months to May 2015 to a level equal to the lowest rating recorded in the past seven years, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens


DryShips Sells Six Aframax Tankers

Dry bulk and petroleum cargo shipper DryShips Inc., through its majority owned subsidiary, Ocean Rig UDW Inc. of offshore contract drilling oil services, announced today that entities controlled by the company’s chairman and chief executive officer, George Economou


Golden Ocean: Worst Bulk Market Since 1980s

Dry bulk shipping firm Golden Ocean reported first-quarter earnings below forecasts on Thursday and said its market had gone from "bad to worse" with market conditions not seen in three decades. Golden Ocean, controlled by shipping tycoon John Fredriksen


GE Takes Delivery of New Vessel

Pic: Great Eastern Shipping Company Ltd

 The Great Eastern Shipping Company Ltd. (G E Shipping) took delivery of its new building Kamsarmax dry bulk carrier "Jag Arnav".    The vessel of about 81,600 dwt was built at Tsuneishi Heavy Industries (Cebu) Inc., Philippines.  


China Shipping Charters Diana Panamax

Calipso. Photo by Diana Shipping

 Diana Shipping has entered into a time charter contract with Hong Kong - based China Shipping Bulk Carrier, for one of its Panamax dry bulk vessels, the m/v Calipso.    The "Calipso" is a 73,691 dwt Panamax dry bulk vessel built in 2005


Harim Acquires Pan Ocean

Photo: Pan Ocean

 South Korean poultry processor Harim Corp. is set to wrap up its purchase of troubled dry bulk carrier Pan Ocean Co. after creditors and shareholders approved a rescue plan for the country's biggest bulk carrier.   Harim, partnering with JKL Partners


Diana Takes a Hit on Charter Extension

mv Leto Photo Marcelo Lopes

  Diana Shipping Inc. specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Cargill International S.A., Geneva, for one of its Panamax dry bulk vessels, the m/v Leto


Sale of m.v. Star Mega

M.V. Star Mega

  Star Bulk Carriers Corp.  a global shipping company providing transportation solutions in the dry bulk sector, today announced the sale of M/V Star Mega, a 170,631 dwt Capesize vessel, built in 1994, to an unaffiliated third party.


Best May for U.S.-Flag Lakers in 7 Years

lca logo.jpg

U.S.-flag Great Lakes freighters (lakers) moved 10.8 million tons of dry-bulk cargo in May, their highest total for that month since 2008.  The surge is at least partially attributable to the fact that no ice delays were experienced this May.


Global Maritime Trends: U.S. Shipbuilding Will be Vibrant for a Generation

Photo: Jan Berghuis

In trying to make sense of the global, mobile maritime industry, there is no better ‘go to’ than Shashi N. Kumar, Ph.D., Master Mariner, Fulbright Senior Specialist Fellow, Emeritus Professor of International Business & Logistics, Academic Dean


The Hour of the Wolf for Panamaxes - Platts Report

Shipowners operating in the trans-Atlantic dry bulk

Shipowners operating in the trans-Atlantic dry bulk market, where prices have been plumbing two-year lows on the back of acute vessel oversupply and shifting patterns in minerals demand, could be facing brighter days, according to the latest special report released by Platts


Baltic Dry Index Climbs to an All Year High

bimco.jpg

The dry bulk market has been devastating so far in 2015. However, June has somehow reversed it all in less than three weeks if judged by the Baltic Dry Index (BDI). June has delivered what May was unable to – keeping the momentum going


Globus Maritime Reports Q1 Loss

Image: Globus Maritime Limited

 Greece-based dry bulk shiping company, Globus Maritime has been pushed back into the black by miserable dry bulk rates, but the company has said that it is awaiting market improvements within 2015.    George Karageorgiou, President






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright