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...Over the past 18 months all sizes of bulkers have halved....
...Paragon is one of at least four New York-listed companies — alongside DryShips, Scorpio Bulkers and Star Bulk — that were forced in late November and early December to announce sales of vessels to bring...
...Private equity investors in Star Bulk and Scorpio Bulkers decided to start selling vessels and realise their losses on their investments, Mr Karatzas says, but it remains unclear how others will act....
...Robert Bugbee, chief executive of Scorpio Bulkers and Scorpio Tankers, two listed shipowners, sardonically thanked private equity firms for their “charitable contributions”....
...Safe Bulkers lost 10.4 per cent to $8.30 after the provider of marine dry-bulk transportation services said it would offer 5m shares, in part to fund ship acquisitions....
...Polys Hajioannou, chief executive of Safe Bulkers, another New York-listed dry bulk operator, said owners who had chartered vessels to speculators hoping to charter them on at a higher price were likely...
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