Shipping

Eagle Bulk Shipping has announced that its subsidiary, Eagle Bulk Ultraco LLC, has received a loan commitment from a consortium of banks for approximately US$208 million.

Star Bulk Carriers Corp. has announced the expiration of the restricted period of the Songa consideration shares.

Star Bulk Carriers Corp. has launched an incentive programme for its key employees, pursuant to which 4 million shares have been issued.

Star Bulk Carriers Corp. has announced that the restricted period regarding Songa Bulk ASA’s acquired consideration shares could end this week.

The Canadian operator of dry bulk carriers has increased its interest in the CSL International Pool to approximately 40%.

Oldendorff has sold the last of its three self-unloaders to Algoma Central Corp. in a deal worth US$100.5 million.

Star Bulk Carriers Corp. has provided a fleet update as well as an updated share count following the recent stock repurchasing programme.

The company has shipped four cargoes to Chinese based converters in recent weeks.

Safe Bulkers reports quarterly dividends on its 8% Series C and Series D cumulative redeemable perpetual preferred shares.

Grieg Star and Maas Capital establish a new joint venture called GriegMaas AS.

The international shipping association has said that reports of a full ban are premature, but that the situation could soon change.

On 10 January, Eagle Bulk Shipping hold a Bloomberg Intelligence webinar on the outlook for the global dry bulk shipping market and the implications of the IMO 2020 emission regulation.

In 2018, freight derivative volumes in the tanker market rose by 20%, volumes in the dry market rose 1.4%, and dry options volumes rose by 44%.

Navios Maritime Partners L.P. authorised a unit repurchase programme for up to US$50 million of its common units over a two year period.

Jinhui Holdings is to dispose of a supramax vessel, which will be delivered to the purchaser between 15 February and 31 March.