Shipping

Goodbulk Ltd announces it is to postpone its proposed initial public offering of its common shares.

The ships will be built for Cargill by China State Shipbuilding Corp. and delivered throughout 2020.

The latest EU customs data shows that Russian thermal coal shipments to leading coal consuming countries in northwest Europe is on the up, rising 7% over a year.

Fortescue Metals Group (Fortescue) celebrates the arrival of its seventh ore carrier to Port Hedland in Pilbara (Western Australia) with an event attended by key Fortescue leaders.

Oldendorff carriers‘ orderbook has grown with the forthcoming addition of 21 eco bulk carriers.

The charter for the m/v Philadelphia commenced on 18 June, and is anticipated to last for a period of between 20 – 23 months.

Deals for 64% Fe Indian pellet in Tangshan were made at between Yn. 855-875 /wet metric tonne (wmt) this week, up by Yn. 5-25/wmt from last week.

Commercial Metals forecasts US and Polish demand to remain strong, following its increase of steel and scrap metal shipments in the US.

Xcoal Energy wants to have a balanced portfolio of coal exports between Australia and the US.

GoodBulk Limited launches an initial public offering (IPO) of 8 500 000 common shares at an anticipated initial offering price between US$15.50 to US$17.50 per common share.

The underwriters for Genco Shipping & Trading’s recently priced public offering are to exercise their purchase option in full.

DryShips, Inc. is to sell two of its older panamax dry bulk carriers for US$18.8 million.

“Increased shipments of iron ore by major mines will increase supply pressure, but steel mills' profits may increase further as downstream demand is expected to remain firm that will support demand and prices of high grade ores.”

Mitsui O.S.K. Lines, Ltd.’s coal carrier OI MARU was delivered to Imari Shipyard and Works of Namura Shipbuilding Co., Ltd. on 14 June.

The Navios Altair I, a 2006-built, 74 475 DWT Panamax vessel was acquired for US$11 million.