Bulk Carrier Trends

India to Open Coal to Commercial Mining Firms

India expects to hold auctions for private firms to mine and sell coal in the near future, the country's coal and power minister Piyush Goyal said but first wants

Great Lakes Coal Falls Short in 2014

Despite a nearly 1-million ton increase in coal shipments on the Great Lakes in December, the surge was not enough to enable the trade to outperform 2013, the Lake Carriers’ Association (LCA) said,

Maersk Chief Warns on Global Trade

Nils Andersen,  chief executive  of AP Møller-Maersks, has warned that global trade will never return to scorching pre-crisis growth rates, in part because western

MOL’s Newbuilding Yahagi Maru Delivered

Mitsui O.S.K. Lines, Ltd. today announced the delivery of the coal carrier Shin Yahagi Maru, which will serve Chubu Electric Power Co., Inc. The vessel was delivered

Video: Coastguards Continue Great Lakes Icebreaking

Continued icebreaking operations from the U.S. and Canadian Coast Guards open maritime lanes for commercial vessels The U.S. and Canadian Coast Guards are

Port of Indiana-Mount Vernon Bests Tonnage Records

The Port of Indiana-Mount Vernon handled 735,000 tons of cargo in December, which was the highest ever single-month total at any of Indiana's three ports, and also

Dry Bulk Shipping Group CMB Expects Volatile 2015

Belgian dry bulk shipping group CMB on Thursday said markets would remain volatile after a disappointing 2014 in which falling commodity prices reduced stock building by clients.

Great Lakes: Less Ice Sees Ore Ships Thrive

A relatively mild December on the Great Lakes allowed iron ore shipments to increase dramatically compared to a year ago when an early arriving winter blanketed the system with thick ice,

Russia Sea Ports Throughput Up 5.7% in 2014

Russia's sea ports (including the ports of Crimea) handled 623.4 million metric tons of cargo in 2014, up 5.7% from 2013, according to the data from the National Association of Commercial Sea Ports.

Lightweight Composite Approved for Ship

For the first time, combustible, fibre-reinforced, lightweight composite has been approved for use in a SOLAS ship. Panama's flag authority has accepted a design

Cargo of UK Rapeseed to Ship to Turkey

A cargo of 25,000 tonnes of British rapeseed will be shipped to Turkey next month, farmer-owned grain merchant Openfield said on Tuesday.   Openfield said it

Japan Shipyard Orders Continue Decline

 In December 2014, orders of Japan yard fell 37% year on year, says Japan Ship Exporters’ Association (JSEA). Japanese shipyards specialize in building dry bulk carriers.

Kuwait Eyes Ports Growth

The Kuwait government is eyeing for its port sector’s growth as this will boost growth at the Gulf state’s ports, both though spending on the infrastructure projects

Maritime Can Save Nigerian Economy

Nigeria can make twice as much from shipping than what it is currently making from oil, says Olisa Agbakoba, former president of the Nigerian Bar Association (NBA).

COSCO Gets $1.75 bln Loan to Buy Ships

China Ocean Shipping (Group) Company has received a $1.75 billion loan from the Export-Import Bank of China to buy 53 new ships, which it plans to order from Chinese shipyards,

Commodity Funds Face Rocky Road

Average actively managed fund down 14.5 pct in 2014. After one of the worst years in memory for commodity funds, even the few managers who found a way to make

Australian Bulk Ports Brace for Cyclone

Ships at 2 Australian iron ore ports face cyclone threat; ships being evacuated from Port Hedland, Dampier. Australia's Pilbara Ports Authority said it had started

EU Lawmakers Seek to Revive Carbon Market

Thursday's vote only one of several; some politicians want earlier action than others. European politicians are expected this week to back by a narrow majority

Russell: A Welcome Asian Coal Rally

The new year has started positively for Asian coal, with prices rallying from a 5-1/2 year low, Chinese imports jumping to the highest in 11 months and renewed merger and acquisition interest.

Congestion hits Lagos Ports

With 11 vessels have been waiting to get a space to berth in  Lagos Ports Complex (LPC) in order to discharge cargo since December 2014 heavy congestion hits Lagos Ports General Cargo Terminal.

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