dry bulk

Singapore headquartered but Indonesia-operating dry bulk ocean carrier Seroja (SGX: IW5) has reported $9.63 million of revenues in the third quarter of 2019 along with a net profit of $182,000. Seroja reports its financial results in U.S. dollars.  Although Seroja's third quarter revenues have...

It has certainly been a tumultuous year for dry bulk. Will it end with a whimper, or is there still time for one more reversal of fortune? Rates are now just over half the levels seen in early September and back to where they were in late June, and iron-ore giant Vale (NYSE: VALE) has just cut its...

Hong Kong Stock Exchange-listed ocean carrier Pacific Basin (HK: 2343) will issue US$175 million (approximately HK$1,371 million) of non-amortizing unsecured convertible bonds to boost its balance sheet while growing and renewing its fleet. "This Convertible Bond issue represents an opportunity...

"The recovery is on its way," proclaimed one analyst, speaking about the dry bulk sector … in 2014. "The trough is now squarely in the rear-view mirror," said another a half-decade ago. "Prepare for a two-year cycle with earnings likely to peak in 2015." As it turned out, dry bulk earnings set...

A rise in demand from higher commodity volumes and a reduction in supply owing to IMO 2020 low sulfur fuel regulations are giving a boost to the international dry bulk freight markets, says Hong Kong ship operator Pacific Basin (HKEX: 2343). The future will likely see continued "generally tight...

Dry bulk transportation company A&R Logistics said it will open its largest east coast export facility near the port of Charleston to tap the strong market for shipping U.S.-produced plastic resins.  The $60 million facility will be located in Berkeley County, South Carolina. The new facility...

In ocean shipping, there's an inherent lag between when charter rates recover and when they're reflected in earnings. Such lags are not unusual. If you watch the news and see the price of crude oil suddenly collapse, then expect to immediately fill your tank for much less at your local gas station...

Hong Kong-listed dry bulk ocean shipping company Pacific Basin, which operates a fleet of about 246 vessels, made a narrow profit in the first half. Profit levels sank because of a tough market. The company is forecasting better times to come, due in no small part to the impact of the IMO 2020 low...

Dry bulk headlines are ebullient. The Baltic Dry Index (BDI) closed at 2,170 on July 19, its highest level since December 2013 and up 260 percent from early February. But the BDI doesn't tell the whole story. Some pockets of the dry bulk ocean shipping market are rising more slowly than others,...

Dry bulk – iron ore, coal, grains and other mineral and agricultural commodities – is by far the world's largest cargo segment. With rates rising after an extended slump, what's the best way for investors to capture the upside in this massive market?  One of the most innovative options is the...

After falling rates and months of bad news, the dry bulk shipping community believes it has seen positive signs for the near-term markets. That's despite some of the benchmark dry bulk seaborne volume and freight rate numbers taking a deep, deep dive. And, on analysis, the dry bulk shipping...

When freight rates are terrible, even a slight improvement seems like an uptick. But a terrible market is still a terrible market. Capesize rates have marginally, slightly, improved… but they're still dreadful. And the rest of the dry bulk shipping markets  are doing their best to...

B. Riley FBR initiated coverage of multiple shipping stocks this week, taking bullish stances on Scorpio Bulkers Inc (NYSE: SALT), 2) Golar LNG Limited (NASDAQ: GLNG) and Eagle Bulk Shipping Inc. (NASDAQ: EGLE). The Analyst B. Riley FBR's Liam Burke initiated coverage of three...

Eagle Bulk Shipping Inc (NASDAQ: EGLE) is benefiting from positive trends in the dry bulk shipping sector, according to Deutsche Bank.  The Analyst Deutsche Bank analyst Amit Mehrotra initiated coverage of the shares of Eagle Bulk Shipping with a Buy rating and $7 price target, suggesting...

On a split adjusted basis, shares of Diana Containerships Inc (NASDAQ: DCIX) have lost 99.8 percent since the start of 2017. But the stock soared higher by more than 100 percent on Monday, repeating Friday's triple-digit percentage gain on no relevant news. Diana Containerships' stock at...