Bulk Carrier Trends

Port Workers in Argentine Grain Hub End Strike

Port workers in part of the Argentine grains hub of Rosario lifted a work stoppage on Friday, only a day after they went on strike over demands for higher year-end bonuses, a union official said.

US Plans to Shut Royalty Loophole on Coal Exports

U.S. coal companies will no longer be able to settle royalties at low domestic prices when they make lucrative sales to Asia according to reforms proposed by the Interior Department on Friday.

U.S. EPA to Finally Issue Coal Ash Rules

The U.S. Environmental Protection Agency is due to issue long-anticipated regulations on Friday for the disposal of coal ash, a byproduct of coal-based power production

Great Lakes Coal Trade Slows in November

Coal shipments on the Great Lakes totaled 2.6 million tons in November, a decrease of 3 percent from a year ago, as shipments were affected by weather-related delays,

Bulker Chief Engineer Convicted of Environmental Crimes

A chief engineer from the M/V Trident Navigator was convicted by a federal jury in New Orleans late yesterday after a week-long trial, of knowingly falsifying the

Wrecked Bulker’s Bow Refloated, Scuttled off S.Africa

TITAN Salvage, Crowley Maritime Corp.'s Houston-based marine salvage, emergency response and wreck removal company, has refloated and scuttled the largest section of the wrecked bulk carrier, Smart.

Thermal Coal Futures Steady at 7-yr Low

Russian rouble down around 45 pct this year; China unlikely to become coal exporter after tariff cut. Thermal coal futures prices steadied on Thursday, having

Scorpio Bulkers Modifies and Sells Shipbuilding Contracts

Scorpio Bulkers Inc. announces agreements to modify and sell existing shipbuilding contracts for six capesize vessels    Scorpio Bulkers Inc. has reached agreements

Russell: Supply to be 2015 Commodity Driver

The big change in many commodity markets this past year was that demand is no longer king, with supply becoming the key driver, a dynamic that's likely to persist in 2015.

CSL St-Laurent on Maiden Voyage

  The second of Canada Steamship Lines' (CSL) two newbuild Trillium Class Great Lakes bulk carriers, CSL St-Laurent, was delivered on November 26, 2014 and set

Senator Levin Seeks Limits on Commodity Trading

U.S. Senator Carl Levin has introduced a bill seeking to crack down on trading on inside information in physical commodities, the first U.S. legislation limiting

Slow Progress in US West Coast Port Talks

The union for 20,000 dockworkers and a group of their employers at 29 U.S. West Coast ports say they are making slow but steady progress in months-long contract

Crewman Overboard Near Texas

Authorities searching for an overboard sailor 10 miles off Sabine Pass, Texas   The U.S. Coast Guard (USCG) and the crew of a nearby ship are searching for a

UASC to Open Agency in Switzerland

United Arab Shipping Company (UASC), a leading global shipping company based in the Middle East has announced that it will open a wholly-owned representation in

Six Japanese Bulkers Fitted with BWMS

Wärtsilä ballast water management systems will enable Japanese bulk carriers to achieve compliance with environmental regulations   Six new bulk carriers being

SunCoke Energy Cutting Production, 175 Jobs

SunCoke Energy Inc, which produces coke used in steelmaking, said it would more than halve its annual coal production and cut 175 jobs due to weak prices. The

Ferus Smit Launches Newbuild Bulk Carrier

On Friday, December 12, Ferus Smit’s Nb. 413, christened Arklow Brave, was launched at its Westerbroek yard.   Arklow Brave is the fifth vessel in a series of

Diana Enters Time Charter Contract with Clearlake

Diana Shipping Inc., through a separate wholly-owned subsidiary, has entered into a time charter  contract with Clearlake Shipping Pte. Ltd., Singapore, a member of the  Gunvor Group,

Russian Wheat Exporters Cut Prices

Exporters of Russian wheat have cut prices to try to speed up sales abroad before the government possibly introduces curbs to replenish its own stocks and prevent rises in the cost of bread,

NORDEN Takes $230m Provision

NORDEN has taken a $230 million provision with no cash flow effect for onerous time charter contracts in Dry Cargo and reduces full-year guidance – underlying operations unchanged.

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