Bulk Carrier Trends

Fednav's New Bulker Features High-tech BWT System

Fednav Limited,  an  international bulk shipowner in Canada, has welcomed to the Port of Indiana – Burns Harbor, the Federal Caribou, one of seven new oceangoing

Baltic Exchange Board Backs SGX Bid

The Baltic Exchange board has unanimously backed a takeover bid from Singapore Exchange Ltd , a deal that will give SGX access to a trading platform for the multi-billion

NordLB to Shed Shipping Loans to KKR

German state-owned lender NordLB and KKR Credit said they had reached an agreement by which KKR Credit will acquire a $1.5 billion portfolio of shipping loans from

Pathy Assumes Leadership of Fednav

Fednav Limited announced that effective September 10, Paul Pathy will assume responsibility as the sole Chief Executive Officer of Fednav Limited and of Fednav International Ltd (FIL).

How Long Will Shipping Downturn Last ?

 Shipping is a cyclical business. For many years, Clarksons Research has tracked the ups and downs of its cycles via the ClarkSea Index, a weighted average of vessel

Hot Month at Marseille Fos

In contrast to an international downturn, French port Marseille Fos has reported exceptional results for July with 7.8 million metric tons of cargo and 387,000 passengers – up by 18.

Q4 Bounce Forecast for Dry Bulk Market

The Q4 bounce – a seasonal staple of the dry bulk markets – looks likely for Capesize and Panamax segments, but the effects may be limited.    Independent research

"K" Line Recognized for Vessel Speed Reduction Program

Kawasaki Kisen Kaisha, Ltd. (“K” Line) has received recognition from the port authorities of both Long Beach and Los Angeles, for recording high level of compliance

Hong Kong Shipping Group Wants Aid to Arrested Ship's Crew

The Hong Kong Shipowners Association (HKSOA) on Thursday called on the city's authorities to provide assistance to the crew of a Hong Kong-flagged coal ship off

Coal: One of 2016's Hottest Commodities

Less than a year after the coal industry was declared to be in terminal decline, the fossil fuel has staged its steepest price rally in over half a decade, making

Ship Collision Kills Three in Bosphorus Strait

Three Turkish Coast Guard personnel were killed on Wednesday after their vessel collided with a bulk carrier in the Bosphorus strait, forcing officials to temporarily

Port of Hamburg Seaborne Cargo Down Slightly in 2016

First-half seaborne cargo throughput of 70.2 million tons reflected stabilization of the trend for the Port of Hamburg. At the same time, a steep increase occurred

Intermarine Names Ferguen as Chartering Manager

Intermarine, LLC, a leader in the transport of project, breakbulk and heavylift cargo, has named Samir Ferguen as Chartering Manager – Europe. Ferguen rejoins Intermarine from Nordana.

Grounded Bulk Carrier Refloated in Washington

The U.S. Coast Guard is responding to an incident involving a motor vessel that grounded in the Columbia River near Skamokawa, Washington, Friday night.   The motor vessel Rosco Palm,

Coal Rally at Risk as China Imports sag

If you believe that thermal coal's rally this year has been largely on the back of rising Chinese imports, it follows that any sign of moderation in demand in the

St. Lawrence Seaway Traffic Sluggish in July

“We are about half-way through the 2016 navigation season and our overall cargo tonnage numbers are down by 11 percent,” said Betty Sutton, Administrator of the

Brokers Optimistic on Asia Dry Bulk-Capesize Rates

More activity from Australian miners buoy capesize rates; dry cargo market remains over-tonnaged as fleet growth outpaces demand. Freight rates for large capesize

Recent Vessel Sales - July 2016

    Vessel sales for July 2016 (as of August 1) as prepared by Shipping Intelligence, Inc., New York.   Date Reported - Vessel Name - DWT - Built - (Age) -

Bankrupt Coal Miner Peabody's Business Plan gets Nod

U.S. coal miner Peabody Energy Corp said its business plan was approved by its debtor-in-possession lenders, clearing the first step towards emerging from Chapter 11 bankruptcy.

Turkey Sets Import Tax on Thermal Coal

Turkey imposed a tax this week on imports of thermal coal from Colombia, Russia and other major exporters, for use in power generation, to support domestic coal production.

 
 
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