Bulk Carrier Trends

The German Shipbuilding Rebound

German shipbuilding has made a significant turnaround. The country’s shipbuilding industry has seen increases in the number of employees, orders and deliveries compared to 2013,

Algoma Central Orders New Great Lakes Ships

Algoma Central Corporation announces $160 million investment in fleet expansion and fleet renewal   Algoma Central Corporation announced that it has acquired

Baltic Index Inches Up on Increased Rates for Bigger Vessels

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, edged higher on Friday on increased rates for bigger vessels.

MOL Orders Four Car Carriers

Mitsui O.S.K. Lines, Ltd. (MOL) has signed a contract covering construction of four next-generation "FLEXIE" car carriers at Minaminippon Shipbuilding Co., Ltd.

Hamburg Süd Hit by Slowdown

 The Hamburg-headquartered shipping line Hamburg Süd was hit by the economic downturn on the carrier's key markets in Brazil, Argentina and Venezuela.   The modest

Baltic Index Edges Lower as Capesize Activity Decreases

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, slipped on Thursday primarily due to lower demand for capesize vessels.

USG to Sell 2 GTL Ships for $42m

North American building products company United States Gypsum Corporation (USG) announced that it has entered into agreements to sell two gypsum carrying ships.

Newcastle Coal Port Reopening as Storm passes

Australia's Newcastle port, the world's biggest marine coal export terminal, will reopen later on Thursday after shutting down earlier this week due to a heavy storm, according to the port.

Peabody Revenue Dips on Weak Coal Demand, Prices

Coal miner Peabody Energy Corp reported a 5.5 percent fall in quarterly revenue due to lower prices and weak Chinese demand. The company's revenue fell to $1.

Bulk Carrier in St. Lawrence Seaway Refloated

Vessel previously grounded in St. Lawrence Seaway refloated, navigational channel open. The vessel ran hard aground after suffering a steering casualty, and at

GSF and BIMCO Publish Standard Box Freight Document

 The Global Shippers Forum (GSF) has joined forces with the Baltic International Maritime Council Organisation (BIMCO) to launch the BIMCO/GSF SERVICECON container shipping contract.

Vessel Forebody Launched for Rand Logistics

Vessel introduction on track for fourth quarter of 2015   Rand Logistics, Inc. announced the launch of its new vessel forebody. The new forebody, built by Chengxi Shipyard Co.

Bulker Aground in St. Marys River

A 603-foot bulk carrier ran aground in the St. Marys River near De Tour Village, Michigan, early Wednesday.   The motor vessel Mississagi, a Canadian-flagged bulk carrier with a load of stone,

Baltic Index Slips on Lower Capesize Rates

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell slightly on Wednesday on lower capesize rates.   The overall index,

Lloyd’s Register Issues Emissions Guidance

With key dates looming - 2016 NOx compliance and a 2018 review of fuel availability ahead of a global cap for SOx emissions, LR’s new guidelines and updated technical

Storm Shutters Australia's Newcastle Coal Port

Coal port shut since Monday night; seven coal ships waiting to leave, ship queue undisclosed. * Newcastle coal futures price up 10 pct this week (Adds coal terminal operator comments) MELBOURNE,

Response to Grounded Bulker Ongoing

UPDATE: U.S. Coast Guard responding to vessel aground in St. Lawrence Seaway   The U.S. Coast Guard reports it is continuing its response Tuesday to a 621-foot

Baltic Index Rises as Demand for Large Vessels Increases

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Tuesday primarily because of higher rates for the large vessel segments.

Arch Coal's Loss Narrows

U.S. miner Arch Coal Inc reported a smaller quarterly loss as the company kept a tight leash on costs amid falling prices. The company's net loss narrowed to $113.

First Ocean Vessel of 2015 Arrives at Port of Indiana

Northwest Indiana celebrates opening of gateway to global markets   The arrival of the 655-foot bulk carrier M/V Irma at the Port of Indiana-Burns Harbor signals

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