Gains are largely being driven by bulkers
in the larger Capesize category (with capacities of 100,000 deadweight tons, DWT, or more) but also by Panamaxes (65,000-90,000 DWT).
will have certain options to either sell or acquire the vessels during the charter period.
Through this agreement, MTN Business will be the exclusive provider of mobile and fixed telephony for Safe Bulkers
Other significant reductions included Handysize Bulkers
(4.8%) and Panamax Bulkers
Emir Mavani Abdullah said their company together with Westbury had planned to add another 40,000 tonnes of bulk capacity to expand services at MAPAK Qasim Bulkers
beyond the requirements of the local filter.
BANKING AND CREDIT NEWS-15 March 2010-BofA Merill Lynch, C Suisse to book-run Greek Safe Bulkers
' stock issue(C)1994-2010 M2 COMMUNICATIONS http://www.m2.com
The company has contracted 13 in total comprising four panamax products tankers, two long-range-two (LR2) aframax clean tankers, four handymax bulkers
and three handysize dry-cargo ships in a move that would appear to run contrary to the current global recession.
The depressing loss situation is most acute for a particular type of ship: dry bulk vessels or "bulkers
." These ships, which carry grain, metals and other dry goods, were sinking in the early 1990s at an alarming rate.
What separates self-unloaders from other Great Lakes ships, known as bulkers
, is that they are fitted with a conveyor system which allows them to be unloaded with a minimum or, in some cases, no dock-side unloading facilities.
The downside of this phenomenon, as shown in the latest earnings of Safe Bulkers
(NYSE:SB), is that a sharp rebound in dry bulk rates beginning at the tail end of the second quarter is not showing up in earnings reports until the third quarter.
DOWN AFTER EARNINGS: Safe Bulkers
(SB) down 10.3%...