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Dry bulk market on free-fall
Friday, 07.Jan.2011, 23:26
The dry bulk market is facing its worst slump in more than two years, falling by 4.75% yesterday to reach 1,544 points..
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Dry bulk market begins new year on sour note
Wednesday, 05.Jan.2011, 16:09
Seasonal factors like the worst flooding in Australia’s Queensland in half a century, coupled with thin trade activity has put the dry bulk market on a downward trend.
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Dry bulk market stays subdued at the end of 2010
Thursday, 30.Dec.2010, 21:12
The dy bulk market failed to cheer ship owners across the board as the year draws to an end, thus bringing mixed feelings ahead of 2011.
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Coal prices to spike as Australia rains force mine closures
Thursday, 30.Dec.2010, 21:09
Heavy rains and flooding in Australia’s key coal-producing Queensland state have impacted mining operations and brought parts of the coal infrastructure, operators said yesterday.
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Dry-bulk shipping income to fall in 2 years
Wednesday, 29.Dec.2010, 09:44
Shipowners will earn less next year and in 2012 from renting out vessels to haul goods such as coal and iron ore as the fleet expands, Arctic Securities said.
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DryShips Announces Entry Into the Tanker Segment
Saturday, 25.Dec.2010, 02:21
DryShips Inc., a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced that it has entered into agreements with a first class Korean shipyard to purchase twelve high specification newbuilding tankers at a total purchase price of about $770 million, including over $3 million per vessel in extra items.
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Dry bulk owners could soon reconsider scrapping older vessels
Friday, 24.Dec.2010, 03:26
With the dry bulk market close to its lowest levels in months and indeed
close to 2010 lows, ship owners could be heading towards scrapyards in a
bid to relieve part of the market’s oversupply of vessels.
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Dry bulk market looking for direction amid holidays
Wednesday, 22.Dec.2010, 04:08
The dry bulk market isn’t exhibiting a “festive” behavior, thus cheering ship owners and investors alike. Instead, the industry’s benchmark has been falling this week, with the Baltic Dry Index (BDI) retreating yesterday to 1,886 points, close to its 2010 lowest.
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