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Dry Bulk Cargoes

Excel Maritime Increases Quarterly Minimum Dividend

Excel Maritime Carriers an owner and operator of dry bulk carriers and a provider of worldwide seaborne transportation services for dry bulk cargoes, announced today that the Board of Directors has increased the Company’s minimum annualized dividend guidance to $1.60 and has set the 2008 minimum annualized dividend guidance to $1.20. This guidance would result in a minimum quarterly dividend of $0.40 per common share beginning with the dividend declared for the second quarter of 2008.


Diana Shipping Assumes Shipbuilding Contracts

Diana Shipping Inc., a global shipping transportation company specializing in dry bulk cargoes, announced that it has assumed shipbuilding contracts from two unaffiliated parties for the construction of two Capesize dry bulk carriers of approximately 175,000 dwt each for a price of $60.4 million each. The vessels will be constructed by Shanghai Waigaoqiao Shipbuilding Co., Ltd. and Diana Shipping Inc. expects to take delivery of the vessels during the second quarter of 2010.


Excel Maritime Acquires Handymax Dry Bulk Vessel

Excel Maritime Carriers Ltd a shipping company specializing in the seaborne transportation of dry bulk cargoes, announced that it has entered into an agreement to purchase a Handymax dry bulk vessel for delivery during the first quarter of 2005. The vessel, of 42,500 dwt, was built in Japan in 1987, and will be put directly into the spot and short term time charter markets. CEO Christopher Georgakis commented, "The demand for seaborne dry bulk trade has grown tremendously over the last few


Star Bulk Carriers Relocates, Appoints Kleopas

Star Bulk Carriers Corp., a shipping company focusing on the transportation of dry bulk cargoes, announced that it has moved its executive offices to new premises at 40 Agiou Konstantinou Str, 15124 Maroussi, Greece. All interested parties are asked to update their records accordingly. Star Bulk also announced the appointment of Zenon Kleopas as the Company's new Chief Operating Officer. Kleopas has over 30 years of experience in the shipping industry and served as General Manager of


Star Bulk Carriers AGM Approves Directorships, Auditors

Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes, held its Annual Meeting of Shareholders in Singapore recently. At the meeting, each of the following proposals, which are set forth in more detail in the Notice and the Company’s Proxy statement were approved and adopted: 1.The re-election of Mr. Petros Pappas and Mr. Spyros Capralos as Class C Directors of the Company to serve until the 2016 Annual Meeting of Shareholders; and


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.


Quintana Prices 8 Vessels for 2010

Quintana Maritime Ltd., a Greek shipping company specializing in dry bulk cargo, said Tuesday it secured eight vessels under a master time charter with Bunge SA at an average daily rate of $21,800. Quintana Maritime expects to earn about $59.2 million in net revenue in 2010 as a result of the fixtures. The company said almost 40 percent of its fleet's expected net operating days are secured at fixed rates in 2010, worth about $119 million. Source: AP


Diana Shipping Time Charter, M/V Calipso

Diana Shipping Inc. (NYSE:DSX), a global shipping company specializing in the transportation of dry bulk cargoes, has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Panamax dry bulk carriers, the m/v Calipso, at a gross rate of US$9,400 per day for a minimum eleven (11) to a maximum fourteen (14) month period. The charter commenced on January 24, 2009. This employment is anticipated to generate approximately $3


Diana Shipping Time Charter for M/V Melite

Diana Shipping Inc. (NYSE:DSX), a global shipping company specializing in the transportation of dry bulk cargoes, today announced that it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Panamax dry bulk carriers, the m/v Melite, at a gross charter rate of US$16,500 per day, minus 5% commission paid to third parties, for a period of minimum twenty-three (23) to maximum twenty-five (25) months


Greek Owners Sell Bulker, Reduce Debt

Greece-vased Seanergy Maritime Holdings sells its 172,173 dwt Capesize bulk carrier  'BET Scouter' for recycling The 1995-built, drybulk vessel, built in 1995 fetched a gross price of US$12,118,537. The ship was sold for demolition and has been delivered to its new owners. The Company will use the proceeds to reduce debt. Following the completion of sale of the BET Scouter, the Seanergy Maritime fleet consists of ten Handysize, three Panamax


LNG-Fueled Vessels Go Big with 'Project Forward'

Project Forward (Photo: Deltamarin)

ABS, a provider of classification services to the global marine and offshore industries, has teamed up with partners Arista Shipping, Deltamarin, GTT and Wärtsilä in the “Project Forward” joint development project (JDP) to develop a dry bulk carrier concept that employs LNG


APM Terminals Pipavav Completes Expansion

Photo: Port Pipavav

Annual container handling capacity increased to 1.35 million TEUs from 850,000 TEUs   APM Terminals Pipavav (Gujarat Pipavav Port Ltd) reports it has completed its capacity expansion project on time and within budget, increasing its annual container throughput handling capacity from 850


Asia Dry Bulk-Capesize Rates Could Rise in Short Term

File Image: a so-called ValeMax bulk carrier, commonly used in th Brazil-Asian trades (credit: Vale)

Shipowners seeking $10 per tonne from Brazil-China; dry cargo demand to remain subdued this year. Freight rates for large capesize dry cargo ships on key Asian routes may firm up next week on increased chartering activity, tighter tonnage supply and possible port disruption caused by bad


Berthing Policy for Dry Bulk Cargo for Indian Ports Unveiled

Berths at Mumbai port Photo MbPT

Ministry of Shipping has formulated a new Berthing Policy for Dry Bulk Cargo for all Major Ports which will come into effect from 20th August, 2016. The objective of the new Berthing Policy is to: •    Provide a standardized framework for calculation of norms


Diana Shipping Charters out Coronis

Courtesy Diana Shipping

Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with Narina Maritime Ltd


Baltic Index Flat, Rates for Bigger Vessels Fall

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, remained flat on Tuesday despite a fall in rates for the larger vessel segments.   The overall index that factors in the rates for capesize, panamax, supramax and handysize shipping vessels


Shipping Morale Suffers: Moore Stephens

Image: Moore Stephens

 Overall confidence levels in the shipping industry fell to a record low in the three months to February 2016, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens.  


Diana Fixes Bulker Duo with Glencore

Erato. Photo: Diana Shipping Inc

 Diana Shipping Inc  has inked new time charters with Glencore Grain B.V., Rotterdam for two of its panamaxes at rates below the previous charters, with the contracts commencing on March 26.   Diana entered into a time charter contract with Glencore for 74


Baltic Index Rises on Steady Rates for Capesizes, Panamaxes

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Tuesday, helped by firmer rates for bigger vessels.   The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose 16 points or 3


First Shippers Sign on Rolls-Royce Autonomous Ship Project

Finferries 65 metre double ended ferry, the Stella, which operates between Korpo and Houtskär in Finland will undertake a series of tests of sensor arrays in a range of operating and climatic conditions. (Photo: Rolls-Royce)

The Advanced Autonomous Waterborne Applications Initiative (AAWA) project, led by Rolls-Royce, introduced the project’s first commercial ship operators: ferry operator Finferries and dry bulk cargo carriers ESL Shipping Oy. The announcement came at a conference presenting the findings of the


Rotterdam’s Q1 Port Throughput Matches 2015

Photo: Port of Rotterdam

The Port of Rotterdam handled roughly the same volume of cargo in the first quarter of 2016 as in the same period last year, as an increase in the volume of, mainly, crude oil and oil products put through the port was offset by a more or less equivalent decrease in the volume of dry bulk and


Slower Demand for Larger Vessels Drags Baltic Index Lower

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Thursday due to diminishing demand for larger vessels.   The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, fell 10 points


Modern Power for Next-gen Bulk Carriers

Photo: WE Tech

WE Tech Solutions (WE Tech), an energy efficiency solutions provider in the marine industry, has received an order to deliver its direct-drive permanent magnet shaft generator solution to two new 25,600 dwt dual-fueled handysize bulk carriers, with an option for two more.


Baltic Index Flat, Rates for Bigger Vessels Rise

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, remained unchanged on Thursday, even as rates for capesize and panamax vessels rose. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels


Hellenic Wind sold for Demolishing

Courtesy Hellenic Carriers Limited

Hellenic Carriers Limited, an international provider of marine transportation services for dry bulk cargoes, on 17 May 2016 sold the Company’s vessel HELLENIC WIND (74,000 DWT built 1997) for demolition to an unrelated third party for a total gross cash consideration of US$2.88 million.






 
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