Bulk Carrier Trends

Diana Shipping Nets 2Q Loss

  Diana Shipping Inc. today reported a net loss of $14.1 million and net loss attributed to common stockholders of $15.5 million for the second quarter of 2015, compared to net loss of $5.

DryShips Reaches Agreement with Ocean Rig

DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk and petroleum cargoes, and through its subsidiary, Ocean Rig UDW Inc.

Shanghai 6th Best Shipping Center Globally

 Shanghai has moved up the rankings of the world’s top shipping centers to sixth place, surpassing Dubai thanks to Free Trade Zone regulations and the Belt and Road Initiative,

ClassNK Releases Guidelines for CNG Carriers

Classification society ClassNK has released its Guidelines for Compressed Natural Gas (CNG) Carriers.   Global economic and population growth is bringing about

Asia Dry Bulk-Capesize Rates Could Soften

Capesize market "overheated" as rates near eight-month highs; optimism for a busier fourth quarter looms. Freight rates for capesize bulk carriers are likely

Vale Sells Four 'ValeMax' Bulkers to China Merchants

Brazilian mining company Vale SA said on Thursday that it expects to receive $448 million from the sale of four dry-bulk iron ore ships to China's state-owned China

Dry Bulk Shipping Outlook Improving

 The dry bulk market looks set for a solid show, although conditions remain more than challenging, analysts with Macquarie said in a note, reports WSJ.   As the

Major Ivorian Cocoa Buyers Boycott Local Exporters Scheme

Major cocoa buyers are boycotting a scheme in Ivory Coast aimed at guaranteeing local firms a share of the lucrative export market, arguing that these players lack

Coal Prices Fall Amid Weak Chinese Demand

Physical coal prices in Australia and Europe continued to fall over the past week, pushed lower by concerns over demand in China after a massive rout in the country's stock market.

Miner Cliffs Natural Posts Q2 Profit

Iron ore and coal producer Cliffs Natural Resources Inc reported a second-quarter profit, compared with a year-ago loss, helped by lower costs. The company reported

Cargo Ship Refused Access to Paris MoU Region

General cargo ship M/V Georgiana H, IMO number 8911413, was detained in Marina di Carrara, Italy on July 17, tallying as the ship’s third detention in the Paris MoU region within the last 24 months.

G6 Alliance Modifies Asia-Europe

 The G6 Alliance has strengthened its Asia-Europe service by adding additional ports.    The G6 alliance, consisting of APL, Hapag-Lloyd, Hyundai Merchant Marine, Mitsui O.

BHP Shedding 100 HQ Jobs Amidst Commodities Rout

BHP to cut jobs in Melbourne HQ; cuts to be made gradually over "coming years." Global mining giant BHP Billiton intends to cut about 100 jobs at its Melbourne

Big Oil, Corn Blitz EPA on Biofuels Plan

U.S. farmers, biofuel makers, and oil companies have mounted last-ditch efforts to push regulators to overhaul a controversial plan for biofuel use, homing in on

Consol Energy's Coal IPO Deferred

Coal and natural gas producer Consol Energy Inc said it was delaying a planned initial public offering of a unit holding steel-making coal assets due to weak prices.

Peabody Loss Widens to $1.04 Billion

Coal miner Peabody Energy Corp reported a much bigger second-quarter loss as it recorded $900.8 million in impairment charges. Net loss attributable to common shareholders widened to $1.

Mozambique Port Accident Deals Blow to Vale Coal Project

A coal stacker has collapsed at the Mozambique port of Nacala, dealing a blow to Brazilian miner Vale's effort to start coal shipments from the African nation in the third quarter,

Georgia Ports Score Record Cargo Numbers

The Georgia Ports Authority moved a record 3.66 million twenty-foot equivalent container units in Fiscal Year 2015, an increase of more than half a million TEUs.

Vale Coal Stacker Collapses at Mozambique Port

A coal stacker has collapsed at the Mozambique port of Nacala, dealing a blow to Brazilian miner Vale, which is aiming to start coal shipments in the third quarter of this year,

Norfolk Southern Profit Down on Lower Coal, Fuel Surcharges

U.S. railroad Norfolk Southern Corp on Monday reported a lower quarterly net profit due to falling coal freight shipments and a decline in fuel surcharge revenue.

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