Vitol sails stranded aluminium cargo out of Strait of Hormuz
Vitol has shipped a stranded cargo of about 35,000 tonnes of aluminium out of the Strait of Hormuz, an early sign of normalising trade flows after months of disruption.
Diana keeps pressure on Genco with tender extension
Diana Shipping has extended its hostile $27.34-per-share tender offer for Genco Shipping & Trading to July 18, prolonging a closely watched dry bulk takeover battle.
Alcoa moves for South32 aluminium assets
Alcoa has agreed to buy South32's bauxite, alumina and aluminium assets in Australia, Brazil and South Africa for $4.1bn upfront, a deal with implications for dry bulk's fast-growing bauxite trade.
New dry bulk outfit emerges in Dubai
A new Dubai-based dry bulk venture, Mayborne Bulk, has launched under industry veterans Jesper Lollesgaard and Parikshit Sial, with an asset-light model focused on the handy, supramax and ultramax sectors.
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