Capesize

Diana Shipping secured a fare for her ship four times higher than the previous one

Diana Shipping Inc, the NYSE-listed shipping company of the Palios family, secured a fare four times higher than the previous one.

The ship's charter, which is expected to generate approximately US $ 5.04 million gross revenue for the minimum scheduled timeframe period, is indicative of the recent significant increase in the bulk cargo freight market.

Jump of 20 pct in prices of dry-bulkers

The prices of the most popular dry-bulk carriers, those in the Capesize and Panamax categories, have posted an increase of 20 percent within just one month, which according to shipbrokers Intermodal is an impressive hike. This concerns modern ships that traditionally concentrate the bulk of demand - particularly among Greek shipowners.

Cosco to bring huge floating docks to Piraeus ship repair zone

The first of two sizable floating docks Cosco has ordered for the ship repair zone of Piraeus Port Authority (OLP) is all ready for transportation to Greece's biggest port.

Depending on the availability of a ship able to transport the 80,000-ton post-panamax dock, it is expected to arrive in late spring or early summer, according to sources from the Chinese group.