COSCO Corporation (Singapore) inform that its Dalian Shipyard in China has delivered a bulk carrier of 57000 dwt, named "GUOTOU 108", to its Asian buyer.

The Iwagi Island, a 590-foot-long Handymax bulk carrier built in Imabari, Japan, stopped at the Port of Vancouver on Friday on its maiden voyage.

Pacific Basin Shipping is seeking to buy more Handysize and Handymax ships to go 'broad and deep into the segment', in which it is already one of the world's largest operators of Handysize tonnage.

Once this delivery is concluded, TBS's fleet will be comprised of 45 vessels with an aggregate of 1,351,621 dwt, consisting of 23 tweendeckers and 22 handymax/ handysize bulk carriers.

Bulk shipping firm Pacific Basin Shipping will start building a foothold in the larger handymax sector this year even though the management feels the dry market has entered a 'less predictable ...