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Dry Bulk

Dry Bulk

Stay informed with the latest news, analysis, and market insight for the dry bulk shipping industry through our expert coverage

Genco vs George: US-listed owner responds to Economou as proxy battle heats up

US-listed Genco has gone all out in its response to George Economou’s fiery proxy statement filed last week. The bulker owner launched a new website to convince shareholders to vote against Economou’s proposals, blasting the Greek billionaire’s corporate governance record and calling his board nominee a ‘professional pawn’

Dry Bulk Finance

The Lloyd’s List Podcast: How long can Ukraine keep its grain corridor open?

Ukraine’s Black Sea corridor is an undeniable success. Ships are sailing into and out of Ukraine outside of an international agreement and most importantly without direct Russian interference. It is a critical route for grain export and many countries besides Ukraine have a vested interest in its continued operation. Ukraine says the military is key to the corridor functioning. This week we discuss how true this is, and whether or not a lack of military aid could really result in the route’s closure

Lloyd's List The Shipping Podcast Ukraine crisis Dry Bulk

Latest Articles

Market Insight

Capesize correction gathers steam as spot rates and FFAs fall

Following a counter-seasonally strong Q1, capesize rates and futures are in retreat. Nevertheless, shares of listed dry bulk owners are holding on to much of their 2024 gains, at least so far

Dry Bulk Freight rates

Bulk carrier values strengthen on robust earnings

Last month there were 33 capesize sales concluded compared with just nine in February 2023, according to Veson dry cargo analyst

Dry Bulk Sale and Purchase

Dry bulker party lacks conviction without China tailwinds

The drop in commodity prices seems to suggest slowing demand. Data also shows China’s steel exports and coal imports have seen a notable decline since March

Dry Bulk Asia Pacific

Surge of secondhand capesize deals triggered by 14-year peak in earnings

Greek owners identified as leading buyers with one-third of capesize purchases this year, as well as ranking first alongside Chinese owners for supramax buys

Dry Bulk Sale and Purchase

Seanergy ups dividend as it clinches increased capesize earnings

Nasdaq-listed owner of 18 large bulkers intends to ‘vigorously defend’ itself against Economou lawsuit

Dry Bulk Seanergy

United Maritime adds third bareboat-chartered bulker amid dry bulk optimism

Within February the Nasdaq-listed owner has agreed a sale-and-leaseback transaction for another of its existing vessels

Dry Bulk Greece

BHP sees India continuing to drive iron ore, coking coal demand

BHP forecasts a small further improvement in global steel production with growth led by India, Southeast Asia and to a lesser extent China over the next two years

Dry Bulk Capes

Precious Shipping sees ‘extreme volatility’ ahead for shipping market

Fiscal and monetary stimulus by governments could boost the markets, as could a better steel sector, easing of financial conditions in China, and better-than-expected US economic growth, while a low orderbook will help reduce supply-side pressure

Dry Bulk Political Risk and Trade

Bauxite trade helps capes counter seasonality

While an improved iron ore trade has helped capesize rates, continued strength in bauxite trades has been a more substantial factor, Jefferies analysts say

Dry Bulk Marine

Seacon balances management services with controlled fleet growth to 29 ships

Chinese shipmanager also has an orderbook of another 13 newbuildings

Dry Bulk Tankers and Gas

Seanergy plots largest buyback yet along with ATM funding

New programme authorises up to $25m in share repurchases over the next two years

Dry Bulk Capes

Capesize earnings hit 18-month high

Capesize earnings have hit an 18-month high, according to Baltic Exchange data, reaching $31,671 per day. Iron ore exports in both basins supplemented with bauxite exports from West Africa have supported rates, Jefferies says

Dry Bulk Finance
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