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Latest From Handies

China Navigation hives off dry bulk division into separate business

The company felt it was the right time to establish Swire Bulk as an independent entity in order to provide the business with the optimal platform to support its growth ambitions

Asia Pacific Dry Bulk

Pacific Basin pulls plug on secondhand acquisitions

Company expects a rebound in economic activity and dry bulk trade flows once the coronavirus pandemic recedes and significant financial stimulus is implemented by various governments

Hong Kong Dry Bulk

TEN sells five vessels for $104m

TEN will post its fourth quarter of 2019 results on March 24

Tankers and Gas Sale and Purchase

Fundamentals trip up dry bulk market yet again

While earnings have remained at healthy levels moving into the final quarter of the year, this has little to do with market fundamentals, says BIMCO

Dry Bulk Capes

VLCCs and Japanese-built handysizes best bet for asset plays

Limited opportunities for asset plays in the past 10 years, as well as the current cautious approach to investment in the next generation of new ships, suggests that certain sectors may spike in the next two to three years

Asia Pacific Dry Bulk

Dry bulk geared segment to benefit from IMO 2020

Mr Hashim noted that about 32.16m dwt of tonnage in the geared vessel segment is more than 20 years of age. These vessels are most likely candidates for scrapping

Asia Pacific Dry Bulk

Shrinking fleet may aid smaller dry bulk segment

The dry bulk sector should end the year at least 10% higher on the Baltic index compared with 2018, said Western Bulk’s managing director in Singapore, Vivek Kumar

Dry Bulk Handies

Pelita Samudera Shipping adds to fleet with handysize from IMC

The company has expanded aggressively in the past year, boosting capacity almost eightfold to 234,000 dwt from just 31,000 dwt in early 2018, and planning to purchase two new tug and barge pair sets in the second half of this year on the back of an expected continued increase in coal shipment demand

Indonesia Asia Pacific

Clipper Bulk adds handysizes to fleet

Copenhagen-based company says the 2010-built vessels are expected to be delivered in the coming months

International Dry Bulk

Pioneer Marine remains profitable despite weak rates

Pioneer Marine boasts a $3.7m profit for the first six months of the year

International Dry Bulk

Pacific Basin chief bullish on market prospects for the second half of the year

The company is preparing for the 2020 regulations by using compliant fuels in its handysize fleet in combination with installing scrubbers in supramaxes

Hong Kong Dry Bulk

Much lower iron ore trade growth to claim capesize earnings potential

London-based consultancy expects iron ore trade growth to sink to 0.1% in 2019 from expectations of 4.6% before the Brazilian dam disaster

International Dry Bulk