Bulk Carrier Trends

Baltic Index Inches Up, Vessel Activity Muted

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, inched up on Monday amid muted shipping activity.   The overall index,

Long Beach to Decide on Cement Import Facility

Board will review Mitsubishi project at meeting May 11   The Port of Long Beach has prepared the final environmental impact report for the Mitsubishi (MCC) Cement Facility Modification Project.

Containers, Crude Drive Q1 Increase at Marseille Fos

A record month for containers and a revival in crude oil imports boosted first quarter throughput at leading French port Marseille Fos to 20.1 million metric tons – up by 1.

US Detains Bulker for Safety Violations

A 738-foot motor vessel Kind Seas was detained by the U.S. Coast Guard after significant safety violations were found during an inspection in Kalama, Washington, Friday.

Diana Shipping Acquires Two More Bulkers

Diana Shipping Inc. announces the acquisition of a Kamsarmax dry bulk vessel as well as a newbuild Capesize dry bulk vessel   Diana Shipping Inc. signed, through a separate wholly-owned subsidiary,

Ecochlor BWTS

Ballast water treatment technology developer Ecochlor Inc. presented a project case study at CMA Shipping 2015, a case study which covered the retrofit of Ecochlor’s

Baltic Index Flat on Muted Shipping Activity

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, remained flat on Monday on muted shipping activity.   The overall index,

Scorpio Bulkers Sells Three Newbuilds for $111m

Scorpio Bulkers Inc. announced that it has entered into agreements to sell three newbuild dry bulk vessels, including two Capesize ships and an Ultramax ship, for

London P&I Club Issues Recommendations on Bauxite Cargoes

The London P&I Club has issued a list of recommendations to owners contemplating the carriage of bauxite cargoes in the wake of renewed concerns about the dangers

SFL Acquires Eight Bulk Carriers from Golden Ocean

Ship Finance International Limited (SFL) has entered an agreement to acquire eight Capesize dry-bulk carriers from subsidiaries of Golden Ocean Group Limited, the company announced today.

Iron Ore Miners, OPEC on Same Path

One of the themes from the recent weakness in crude oil and iron ore is that major producers are deliberately oversupplying as they are willing to tolerate falling

Grounded Bulker Refloated on St. Marys River

The grounded 603-foot Canadian bulk carrier Mississagi was refloated on the St. Marys River following operations to offload approximately 2,000 tons of stone, Saturday.

Norwegian Car Carriers to Buy Two from Hyundai Samho

 Oslo-listed Norwegian Car Carriers (NOCC) has signed a contract with Hyundai Samho Heavy Industries for the construction of two 6500 ceu Pure Car Truck Carrier (OCTCs).

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.

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