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  1. Speculation blamed for woes

    Posted Nov 11th 2011, 12:00am

    ... dry-bulk carriers, tankers and container ships delivered by 2015. Koo, who is also chairman and chief executive of Hong Kong-headquartered tanker and dry-bulk cargo owner Tai Chong Cheang ... called for a halt in new ship orders. The entry of new ships into the global fleet have led charter rates to crash as the increase in tonnage outpaces growth in cargo volumes. For the dry bulk ...

    http://www.scmp.com/article/984531/speculation-blamed-woes
  2. Chellaram fleet to expand despite dry bulk worries

    Posted Apr 10th 2012, 12:00am

    ... by a huge volume of new vessel deliveries outpacing growth in cargo demand. Clarkson estimated dry bulk carriers totalling 200 million dwt, equivalent to 32 per cent of the existing dry bulk fleet, ... about the challenges facing the dry bulk sector. The company, controlled by founder Lal Chellaram, has recently taken delivery of two large dry cargo ships and a third will join the fleet ...

    http://www.scmp.com/article/997859/chellaram-fleet-expand-despite-dry-bulk-worries
  3. Dry-bulk carrier sees strong revenue growth

    Posted Aug 09th 2010, 12:00am by Staff Reporter

    ... The growing commodities trade and improving economic climate have helped leading dry-bulk carrier Pacific Basin Shipping post strong revenues for the first half of the year. Pacific Basin ... that time the firm has purchased nine dry-bulk vessels and chartered (on a long-term basis) another five. According to Pacific Basin, handysize and handymax bulk carriers enjoyed a much improved ...

    http://www.scmp.com/article/721682/dry-bulk-carrier-sees-strong-revenue-growth
  4. Sinotrans Shipping aims to double fleet despite market fears

    Posted Aug 11th 2010, 12:00am by Keith Wallis

    ... [of new and second-hand] vessels are more reasonable than before.' Shipbrokers said the price for a new, 76,000 deadweight tonne bulk carrier, which forms the backbone of Sinotrans' ... with dry bulk contributing US$124.1 million. Revenue from the firm's single tanker, a 310,444 dwt very large crude carrier, surged to US$8.6 million from US$5.1 million, following better ...

    http://www.scmp.com/article/721889/sinotrans-shipping-aims-double-fleet-despite-market-fears
  5. Shipping gloom to lift, Pacific Basin says

    Posted Aug 09th 2010, 12:00am by Keith Wallis

    ... large dry bulk carriers totalling 125 million deadweight tonnes are to be delivered between now and 2013. This compared with an existing fleet of 1,064 ships of 190.5 million deadweight tonnes. ... joining the global fleet. Explaining the current conditions, Klaus Nyborg, chief executive of Pacific Basin Shipping, said the gloomy dry bulk freight rates would rebound in the fourth quarter. ...

    http://www.scmp.com/article/721677/shipping-gloom-lift-pacific-basin-says
  6. Business - Companies - SHIPPING

    Dry-bulk carriers ride new trend in energy industry

    Posted Aug 05th 2013, 12:00am by Anita Lam

    ... Anita Lam anita.lam@scmp.com Replacement of coal with wood pellets as new power source could double volume of sea trade Dry-bulk carriers ride new trend in energy industry The era ... common bulk carriers and include Supramax (50,000- to 60,000-deadweight-tonne), Handymax (40,000 to 50,000 dwt) and Handy (40,000 dwt) vessels. Wood pellets for use in biomass-fuelled power ...

    http://www.scmp.com/business/companies/article/1294287/dry-bulk-carriers-ride-new-trend-energy-industry
  7. Business

    Bulk rates to decline further on Asian routes amid glut of ships

    Posted Jul 18th 2014, 02:57am by Reuters

    ... Reuters in Singapore Bulk rates to fall more amid glut of ships Rates for capesize bulk carriers on key Asian routes will fall more next week as cargo owners bide their time chartering ships and shipowners fail to resist charterers' attempts to push rates lower, brokers said. "It's all looking pretty grim," said one Singapore-based capesize broker, ...

    http://www.scmp.com/business/article/1555861/bulk-rates-decline-further-asian-routes-amid-glut-ships
  8. Business - Economy - SHIPPING

    Asian bulk capesize rates seen falling as ships exceed new cargo volumes

    Posted Jul 11th 2014, 01:31am by Reuters

    ... Reuters in Singapore Freight charges will continue to sink as underactive market sees available charter ships on vital Asian routes exceed new cargo volumes Brokers predict fall in Asian bulk capesize rates Rates for capesize bulk carriers on key Asian routes will continue to fall next week as the number of ships available for charter outpaces the volume of new cargoes, brokers ...

    http://www.scmp.com/business/economy/article/1551431/asian-bulk-capesize-rates-seen-falling-ships-exceed-new-cargo
  9. Courage Marine bearish on market

    Posted Dec 10th 2011, 12:00am

    ... to slow in 2013, he said. British shipbroker Clarkson said there were 2,557 dry cargo bulk carriers totalling 212.7 dwt currently on order, equivalent to 35.2 per cent of the existing fleet of 8,818 bulk carriers totalling 604.8 million dwt. Dry cargo ships totalling 120.2 million dwt are due for delivery next year, with 60.9 million dwt forecast for delivery in 2013 and beyond. ...

    http://www.scmp.com/article/987314/courage-marine-bearish-market
  10. Supply glut is a bigger risk than carriers

    Posted Oct 04th 2011, 12:00am

    ... Keith Wallis keith.wallis@scmp.com Worries among mainland shipowners that a raft of giant iron ore carriers entering service over the next three years would hurt the dry bulk shipping market are not as great as the threat of overcapacity, shipowners said. They said the 400,000 deadweight tonne (dwt) bulk carriers ordered by Brazilian iron ore giant Vale would create ...

    http://www.scmp.com/article/980944/supply-glut-bigger-risk-carriers

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