Bulk Carrier Trends

AXA Axes $552.7m of Coal Investments

French insurer AXA said on Friday it was cutting its exposure to the coal industry, pulling out of investments worth 500 million euros ($552.7 million).   Europe's No.

Asia Dry Bulk-Capesize Rates Mixed on Uncertainty

Capesize rates slide after hitting 5-month high. Rates for capesize bulk carriers eased this week after hitting their highest since December, and could come

HSH Bank to Split Off Bad Shipping Loans

German lender HSH Nordbank could split off a "bad bank" for non-performing shipping loans as part of a plan to create a sustainable business model, according to a person familiar with the matter.

CSD, Cosco JV to Buy Vale's Bulk Carriers

 China Shipping Development (CSD) and Cosco have established a joint venture (JV), China Ore Shipping Pte., in Singapore to purchase four 400,000 dwt ore carriers from Vale and operate them.

Credit Agricole Stops Financing Coal Mining

French bank Credit Agricole said on Wednesday it would no longer finance coal mining or miners as lenders grow increasingly uneasy about funding coal due to environmental concerns.

Vale to Sell 4 Large Iron Ore Carriers to CMES

Brazilian miner Vale said on Tuesday it agreed to sell four large iron ore carriers to China Merchants Energy Shipping Co (CMES) , as it looks to raise cash in the midst of an iron ore price slump.

Cameroon Cocoa Exports Up in April

Cameroon cocoa exports jumped 24 percent to 181,893 tonnes year-on-year by end-April since the start of the 2014/15 season on Aug. 1, data from the sector's regulator showed on Tuesday.

April Ice Weighs on US-flag Lakes Cargo

U.S.-flag Great Lakes freighters (lakers) moved 6.7 million tons of dry-bulk cargo on the Great Lakes in April, a decrease of nearly 6 percent when compared to the month’s 5-year average.

Germany: Coal Compromise One of Many Proposals

German Economy Minister Sigmar Gabriel said on Tuesday a proposal to soften CO2 emissions cuts for coal-fired power plants was just one of many alternatives being

Coal Row Takes Shine off Germany's Green Image

Germany hosts G7 summit on June 7-8; Merkel's credibility hinges on fulfilling own targets. Germany's clean energy drive earned it a reputation as a green leader

MOL Joins 2M on Asia-ECSA Trade

 Maersk Line announced that it has entered into Vessel Sharing Agreement (VSA) with Mediterranean Shipping Company (MSC) and Mitsui O.S.K Lines (MOL) on the Asia to East Coast of South America trade.

Hamburg’s Seaborne Cargo Throughput Up in Q1

The Port of Hamburg handled total throughput of 35.6 million tons (up by 0.1 percent) in the first quarter of 2015. Bulk cargoes at 11.7 million tons (up by 12.

KOMIPO Seeks Coal for 2015-2017 Window

Korea Midland Power Co Ltd (KOMIPO) is seeking a total of 780,000 tonnes of steaming coal per year via two tenders, the utility said on its website (http://www.

Bulk Carrier Detained in Oregon

The U.S. Coast Guard detained the 600-foot bulk carrier vessel Ikan Sudip, after discovering significant environmental and safety violations during an inspection in Astoria, Ore.

Drewry Expects Dry Bulk Shipping Recovery in 2017

 Despite a modest recovery in earnings anticipated over the next two years, the dry bulk shipping market is not expected to return to profitability until 2017,

Parana River Obstructed by Grounded Vessel

  The navigation channel at km 287 of the Parana River is obstructed after a bulk vessel went aground on the right margin during the early hours of 13 May during her navigation to San Nicolas.

SINOPACIFIC Christens Newbuild Bulker

SINOPACIFIC Shipbuilding Group held a christening ceremony today at its Dayang Shipyard for a newly built Ultramax CROWN63R.   As the Godmother, Madam Grace Yang,

US Ports Begin 2015 ‘Fast and Furious’

Even with a blip due to ice coverage in late March and early April, U.S. ports along the Great Lakes-Seaway System are tracking ahead of tonnage moved in April 2014.

Asia Dry Bulk-Capesize Rates Steady

Rates for capesize bulk carriers, which climbed to their highest since at least January on Wednesday, are likely to remain steady next week on tighter tonnage supply, ship brokers said.

Cosco Scraps Four Vessels

 China COSCO Holdings disassembled four vessels including two container vessels and two bulk carriers in April 2015, with the aggregate capacity of 261.8 thousand deadweight tons.

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