DryShips Wades Deeper into Tanker and Gas Carrier Markets
NASDAQ-listed Dryships Inc has entered into agreements to acquire six vessels for a total gross price of USD 268 million.
Baltic Exchange Unveils Changes to Dry Bulk Indices
As part of the changes being made to its Supramax Index, the London-based Baltic Exchange will be launching dual reporting of a new Panamax Index on a trial basis and is in the final consultation process of a new Handysize Vessel dual reporting period for
Algoma, Nova to Form Short-Sea Shipping Company
Shipping companies Algoma Central Corporation and Nova Marine Carriers SA revealed that they are exploring an expanded partnership to create a global company specializing in short-sea dry bulk shipping.
Genco Widens Full Year Loss
US-based dry bulk specialist Genco Shipping and Trading widened its 2016 net loss to USD 217.2 million from a net loss of USD 194.9 million reported a year earlier.
Drewry: Dry Bulk Market to Recover from 2017 Onwards
The dry bulk shipping market is expected to recover from 2017 onwards driven by a narrowing supply-demand gap, according to the shipping consultancy Drewry.
MSI: Strong Dry Bulk Market Unlikely to Last
The welcome surge in dry bulk market’s spot earnings at the end of 2016 is unlikely to last long into 2017, according to Maritime Strategies International (MSI), which predicts a depressed year for rates.
Newcastlemax Duo Joins Diana Shipping’s Fleet
Athens-based dry bulk owner has taken delivery of two 208,500 dwt Newcastlemax newbuildings, the MV San Francisco and the MV Newport News, that were contracted in May 2013.