Bulk Carrier Trends

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

COSCO Receives Fund for Fleet Renewal

 China COSCO Holdings Co Ltd says it has received ship scrapping subsidies for about 3.96 billion yuan ($638.71 million).    It came through China Ocean Shipping,

Shipping Confidence at 7-year Low -Survey

Overall confidence levels in the shipping industry fell during the three months to May 2015 to a level equal to the lowest rating recorded in the past seven years,

X2 Turns to Coal for First Deal

X2 Resources, the private equity fund set up by former Xstrata boss Mick Davis, is now in initial bi-lateral talks to buy some of Rio Tinto's Australian coal assets,

Hatfield Closure Quickens UK Exit from Coal

Britain's Hatfield Colliery will stop producing coal with immediate effect after being unable to sell its coal following the sharp rise in the UK's carbon tax, Prospect union said on Tuesday.

Hyundai Sees Mega Ships Leading Global Demand

 As the demand for mega vessels has increased, Hyundai Heavy Industries Co. expects mega- sized container ships to lead global orders until early next year as shipping

Crisis Not Affected Greek Shipping: Morgan Stanley

 Most the major Greek-controlled and listed carriers are registered in Greece, and they all have their liquidity placed in banks abroad.   Morgan Stanley analyst

LCA Sees Progress on Great Lakes Issues

Prospects for ending the dredging crisis and resolving other pressing issues on the Great Lakes are the best in 12 years according to Lake Carriers’ Association (LCA),

Scorpio Bulkers Charters Out Newbuild Bulker

Dry bulk marine transport provider Scorpio Bulkers Inc. announced today that it has agreed to time charter-out the SBI Montesino, a Capesize vessel that is currently

Greece: A Sideshow to China's Commodity Play

With the focus on whether Greece will or won't default on its debts or even stay within the euro zone, the important news of China easing its monetary policy again has been largely sidelined.

Sale of US & Cooper Basin Assets

  New Standard Energy Limited has reached an agreement with Sundance Energy Ltd  for the sale to Sundance of New Standard’s United States and Cooper Basin assets

Dalian Shipbuilding Wins Cosco Order for 7 Ships

 Dalian Shipbuilding Industry Corporation (DSIC) has announced an order win for two 319,000 dwt VLCCs and five 72,000 dwt product tankers from Cosco Dalian, the

China Coal Looks at Loss on Glut, Economy

China Coal Energy, the country's second-biggest producer, expects to swing to a net loss in the first half of 2015, it said, citing weakness in a coal market plagued

Japan Ending Coal-Fired Power Plant Construction

Japan plans to stop power firms building coal-fuelled plants that are inefficient and dirty as it manages the competing demands of cutting greenhouse gas emissions

Star Bulk Sells Star Christianna

  Star Bulk Carriers Corp., a global shipping company providing transportation solutions in the dry bulk sector, today announced the sale of M/V Star Christianna (a 74,

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