Shipping

The decline in China’s yuan has caused seaborne iron ore purchases to slow.

DP World will be constructing the ‘Traders Market’ within the Jebel Ali Port and Free Zone Area located in Jafza South.

Genco Shipping & Trading Ltd is to acquire two South Koream capsize dry bulk vessels worth US$98 million.

Jinhui Holdings Company Ltd enters into an agreement to sell one of its two supramax dry bulk vessels to a China-based company.

Over 9000 t of North Korean coal were disguised as Russian exports to South Korea.

Diana Shipping Inc. announces signing and drawdown of a US$75 million term loan facility with BNP Paribas.

Delays in supplies may result in a lack of Russian coal in the Asia Pacific spot market and push export prices up in the coming weeks.

On Monday this week, Star Bulk Carriers Corp. commenced trade on the Oslo Stock Exchange.

Last Tuesday, DryShips Inc. provided an update on its fleet including the latest on agreed sales and acquisitions.

Fednav Limited has reached an important milestone: the company has taken a delivery of its 60th owned vessel.

The new CCTV system will provide assistance in managing dredging operations, as well as enhance overall security aboard the ship.

China’s recent port restrictions have caused producers to search for alternative ports in order to berth their vessels carrying coal.

Diana Shipping Inc. has announced a time charter contract with ST Shipping for the m/v Maera panamax dry bulk vessel.

Scorpio Bulkers Inc. has announced the refinancing of an ultramax vessel.

The vessel purchase transaction includes an aggregate of 13.725 million common shares of Star Bulk and US$145.0 million.