New York-listed Genco Shipping & Trading has won a $450m refinancing of existing credit facilities in another key element of its new low-debt, high-dividend strategy. The refinancing was one of […]
Shipping will need to start to make contingency plans if cases of Covid-19 continue to escalate in China, the world’s most important nation for shipping movements. The delta variant has […]
Diana Shipping is getting ready to take full advantage of a dry bulk market that, in its view, is about to get much more visible and even stronger — though […]
Now is a good time for owners of supramax bulk carriers, for which spot rates have reached some of the highest levels seen since 2008. Day rates as high as […]
This week is set to be a gauge of how far dry-bulk shipping has benefitted from the commodity boom as some of the world’s biggest public bulker owners reveal their […]
Congestion in China jumps as restrictions imposed Bulk carrier congestion in China hit a 5-year high of 50.5m dwt over the weekend, rising by 24% YoY as new restrictions were […]
Stronger bulker markets have helped Diana Shipping to beat analysts’ estimates and record its first profit in seven consecutive quarters. The New York-listed bulker owner reported net income of $2.8m […]
AP Moller-Maersk has revised its full-year guidance for 2021 upwards, with its underlying Ebitda now expected in the range of $18bn to $19.5bn. Earlier guidance from the Danish liner giant […]
Congestion at ports around the world has eased slightly but not as much as had been hoped and is still an everyday reality for the global dry bulk fleet. Bulker […]
Smaller bulk carriers are continuing to gain momentum as strong demand for commodities and fleet inefficiencies lead to tonnage tightness. The average weighted supramax time charter on the Baltic Exchange […]
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