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Bulk Carrier Trends News

12 May 2000

Bulk Carrier Trends: Panamax Activity On The Rise

The dry cargo freight market was enlivened by a higher degree of Panamax activity in most areas, while Capesize conditions remained subdued with little fresh business quoted and few fixtures reported, brokers said. On May 9, the Baltic Dry Index gained 2 points from the day before to 1,609, the Baltic Panamax Index rose 11 to 1,512 and the Baltic Handy Index gained one to 1,153, while the Baltic Capesize Index fell six to 2,171. In the grain sector, higher rates were fixed from the Atlantic to the Far East, brokers said. Although brokers were disappointed at the level obtained by the 1999-built Red Cherry 73,350 dwt from Hanjin delivery U.S. Gulf end May trip Far East at $11,200 daily plus a $230,000 ballast bonus, other fixtures were concluded at more generous levels.

11 Aug 2006

IMO to Help Coordinate MidEast Oil Spill Clean Up

The International Maritime Organization (IMO) is to collaborate in efforts to mount a coordinated response from UN agencies and other concerned parties, including regional Governments, to the oil spill currently affecting the coastal and marine environments of Lebanon and Syria. The spill, estimated to be one of the largest ever to affect the Mediterranean, follows an incident in mid-July in which an oil storage unit at a power plant in Jiyyeh, 30 km south of Beirut, sustained bombing damage during the current conflict. Theme: --Select Story Tmeme-- Anchor Handling Tugs Articulated Tug Barge (ATB) Ballast Water Management Barges Bulk…

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