Bulk Carrier Trends

Dry Bulk Market Crisis: Opportunity or Threat?

The shipping industry is experiencing the biggest dry bulk market recession since the 1980s, as uncertain global economic outlook and increased imbalance between

Lakes Limestone Trade Tops 4 Mln Tons in June

Shipments of limestone on the Great Lakes totaled 4,042,766 tons in June, an increase of 6 percent compared to May, and 9-plus percent compared to a year ago, according

Diana Agrees Charter for M/V Coronis

  Diana Shipping Inc. announced today that through a separate wholly-owned subsidiary, it entered into a time charter contract with Sandgate Maritime Ltd for one of its Panamax dry bulk vessels,

AGL Writes Down Coal-Seam Gas Assets

AGL Energy Ltd, Australia's No. 2 energy retailer, said it will sell three coal-seam gas licences back to the government and write down the value of several more underperforming projects,

South African Union Mulls Options over Glencore Layoffs

South Africa's National Union of Mineworkers is considering taking legal action against the government if Glencore cuts over 600 jobs at its Optimum Coal unit, it said on Monday.

U.S. Ethanol Makers Expand Despite Uncertainty

Some U.S. ethanol producers are racing to bring on capacity, pushing output to fresh highs even as soaring corn prices tighten margins and the nation's biofuels program faces prolonged uncertainty.

Proforma DAs on the Go

DA-Desk has launched a new service under its PortSpend ManagementTM solution, the Proforma Disbursement Account (PDA) Approval Mobile App. The mobile app is available

Shipping Gloomiest Since 2009

The shipping industry is the most pessimistic in six years about its prospects as a fleet surplus persists, according to a survey by law firm Norton Rose Fulbright, says a report in Reuters.

South Korea Tops in Shipbuild Orders

 South Korean shipbuilders, led by industry leader Hyundai Heavy Industries Co., have secured the largest amount of new orders in the first six months of the year to retain the top slot,

MSC Geneva Gets Fatter

 A revolutionary new option to scrapping for younger panamax containerships deemed too small for a tradelane involves widening the vessel rather than adding length.

Grimaldi Orders Three PCTCs

 After signing an order for the construction of five new ships two weeks ago, the Italian shipowner  Grimaldi Group has signed another contract for the construction

Is It Too Late To Tangle With Spike in Shipping Market

 A series of interesting and extreme price spikes is going on in the shipping market today, says Clarksons, provider of global shipping and offshore market intelligence.

New Record Year in Dry Bulk Demolition Underway - BIMCO

  The monthly average for the first six months in 2015 is 3.3m DWT. In 2014 the first half year averaged at 1.33m DWT per month.   April 2015 saw 5.36 million DWT being retired from active service,

Greek Shipping Mulls Cyprus Move

 Greek shipping companies are looking into moving to Cyprus due to the instability and uncertainty in Greece, it emerged, reports Cyprus News Agency.   The director

Germany Finally Seals Coal Compromise

Planned levy on coal plants dropped; utilities to be compensated for reserve power. Germany has abandoned plans for a levy on coal-fired power plants but will

WISTA Seminar on Dry Bulk Receives Wide Response

  A Shipping Seminar on "Dry Bulk Chartering, Operations and Arbitration”  held on 27th June 2015 at the Narottam Morarjee Institute of Shipping, Nariman Point, Mumbai was well attended.

Mega Valemax Enteres China for First Time in Two Years

 Mega-ore carrier  Valemax  Yuan Zhuo Hai, which is owned by China Ore Shipping,  has arrived Dongjiakou Port in Qingdao for unloading iron ore. This is the first

Confidence Low in Shipping Idustry

 Confidence levels in the global shipping market have fallen to a seven-year low as a glut of cargo ships, weak freight rates and excess liquidity continue to batter the industry,

MES Delivers Bulk Carrier Newbuild

MES delivers next ship of its Eco-Ship neo60BC design, 60,000 DWT type bulk carrierM.V. Phoenix Rising   Mitsui Engineering & Shipbuilding Co., Ltd. (MES) completed and delivered a 60,

NAPA Streamlines Compliance with Class Design Rules

NAPA Steel and NAPA Designer updated to reduce man-hours and duplication associated with new Common Structural Rules BC&OT   Global maritime software, services

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