Shipping

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.

ESL Shipping Ltd is to acquire Swedish Shipping company AtoB@C in a transaction worth €30 million.

Diana Shipping extends time charter contract with Cargill International S.A. for one of its post-panamax dry bulk vessels.

Diana Shipping enters an agreement with BNP Paribas for a five-year loan facility worth up to US$75 million which will mean that 17 of the company’s vessels will be unencumbered.

The US metals recycler benefited from a stronger bulk export market demand for ferrous scrap in its fiscal third quarter.

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.