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Dry bulk market slowly but steadily finds its footing

The dry bulk market, hit by the low seasonal demand which is a typical characteristic of the first quarter of each year, is beginning to emerge from the shadows as of late. During the past few days, the market's benchmark, the Baltic Dry Index (BDI) has been on a slow, yet steady rise, ending yesterday's session, once again on the upside, reaching 1,250 points. Capesizes

Shipping loans worth $5 billion have changed hands over the past year, as funds invest in shipping

Funds investing in shipping has been the "talk of the town" over the past couple of years, as institutional investors, private equity and hedge funds have all emerged as newcomers to the shipping financing segment, often assuming the role of traditional shipping banks, which have exited the market, or cut their exposure. According to the latest weekly report from shipbroker

Aegean Marine Petroleum Network Inc. Announces Fourth Quarter 2013 Financial Results

Aegean Marine Petroleum Network Inc. announced financial and operating results for the fourth quarter ended December 31st, 2013.

Fourth Quarter Highlights and Full Year Highlights

    Recorded sales volumes of 2,384,376 metric tons in Q4

Baltic Trading Limited Announces Fourth Quarter Financial Results

Baltic Trading Limited (BALT) ("Baltic Trading" or the "Company") today reported its financial results for the three and twelve months

Safe Bulkers, Inc. Reports Fourth Quarter and Twelve Months 2013 Results

Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced its unaudited

UANI Calls on Greek Shipper Victor Restis and EST to Explain the Activities of the African Wildcat

Yesterday, United Against Nuclear Iran (UANI) called on Greek Shipper Victor Restis and

Star Bulk Charters Two Fuel Efficient Newbuilding Newcastlemax Vessels Under Ten Year Bareboat Charters

Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry

Jefferies Group Initiates Coverage on Paragon Shipping

Jefferies Group started coverage on shares of Paragon Shipping in a research report sent to investors,

DryShips Highlights 2 Rarely Mentioned Indicators of the State of Dry Shipping

The earnings report and conference call transcript is now available for DryShips. It became the third

Dell acquires 9.8% share of StealthGas' capital

StealthGas has attracted a new strong partner in the face of computer billionaire Michael Dell, founder of Dell, one of the leading computer manufacturers worldwide, known for its pioneering sales distribution channels. According to relative SEC filings, Dell was the private investor who participated in the recent private

Cyprus: Shipping register stable

Cyprus' shipping remains strong, despite the shock caused in the country’s economy, Communications and Works Minister Tasos Mitsopoulos said. According to an official

Dry bulk carriers still the hottest "commodity" of the newbuilding market

It seems that 2014 will be the "come back" year for the dry bulk market, after a gruelling period which followed the 2008 financial crisis. As a result, ship owners are "stocking" up in newbuildings and modern tonnage alike, a trend which has taken an urgency note as of late, given that asset prices are only going up in the coming months, unless something unexpected

Eagle Bulk Shipping Stock Rating Upgraded by Thomson Reuters/Verus

Eagle Bulk Shipping (NASDAQ:EGLE) was upgraded by research analysts at Thomson Reuters/Verus from a “hold”

Why DryShips is optimistic but Diana warns about scrapping activity

Supply growth is one variable that affects fleet utilization and shipping rates. In 2014, both deliveries and scrapping rates

Diana Shipping Inc. Announces Partial Exercise of Over-allotment Option

Diana Shipping Inc. today announced that, in connection with its previously announced underwritten public

Paragon Shipping Coverage Initiated by Analysts at Jefferies Group

Research analysts at Jefferies Group assumed coverage on shares of Paragon Shipping in a report

Ultramaxes are the "weapon of choice" for dry bulk ship owners

It's been a busy start in 2014, as the first month of the year was a rather active in terms of second hand vessel purchases and newbuilding ordering activity. According to data compiled by shipbroker Golden Destiny, ship owners invested in 133 new building orders, a number which was 280% higher than the same month of last year, when a mere 33 newbuilding dry bulk carriers

Mediterranean transhipment booms

Virtually all large Mediterranean transhipment hub ports recorded double digit growth in 2013, well above regional and global growth levels. Once all full year data is collated, global container port traffic is likely to have grown by around 3.3% whilst that for the regions bordering the Mediterranean Sea will probably have grown by between 3 and 6%. Transhipment volumes at key

Hellenic Carriers Reports Preliminary Results For The Year Ended 31 December 2013

Hellenic Carriers Limited, owns and trades a fleet of dry bulk vessels that transport iron ore, coal, grain, steel

DryShips Braces for More Losses in Slowly Recovering Economy

While government leaders and economists have been predicting a healthy economic recovery for months, its slow
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