Bulk Carrier Trends

MES Delivers Bulk Carrier STH Athens

Mitsui Engineering & Shipbuilding Co., Ltd. (MES) completed and delivered a 60,000 dwt type bulk carrier M.V. STH Athens (MES Hull No. 1898) at its Chiba Works on August 27,

Freeport-McMoran Lowers CapEx, Mulls Job Cuts

Diversified U.S. miner and energy producer Freeport-McMoran Inc said it would lower its capital budget for mining in 2016 by 25 percent, or $700 million, as commodity prices continue to weaken.

Vale Sheds Another Australian Coal Mine

Buyers are Glencore, Bloomfield. Brazilian mining giant Vale has continued its disposal of non-core holdings, agreeing to sell a mothballed coal mine in Australia

Break Bulk in Rotterdam on the Way Up

  The opening of a new break bulk terminal is one of the many developments and investments in the break bulk sector in the port of Rotterdam; a sector that has

Collaboration Helps Save 2 from Sinking Yacht

The U.S. Coast Guard, the Alpena Sheriff's Department and several good Samaritans are assisting two men aboard a 42-foot sailboat that began taking on water early

MN 100: AEP River Operations

AEP River Operations offers the largest covered hopper fleet of any carrier. Complementing its barge operations is a fleet of over 80 boats ranging in power from  1,550 to 11,000 hp.

Clipper to Take Delivery of 2 Ultramax Newbuilds

Clipper Group announced it will take delivery of two SDARI64 newbuilding bulk carriers during the coming months from Sainty Shipbuilding in Yangzhou, China. The vessels,

Eskom: Compensation Due if Glencore Can't Supply Coal

South Africa's Eskom said on Wednesday it wants compensation from Glencore's mining subsidiary Optimum if it is unable to supply coal to its Hendrina power plant.

Trafigura's Impala Terminals Scraps Chinese Joint Venture

Commodity trader Trafigura said its logistics and warehouse unit Impala Terminals has scrapped plans for a metals warehousing joint venture in China and will also

Seanergy Acquires 7 Bulk Ships

Seanergy Maritime Holdings Corp. announced today that it has entered into a purchase agreement to acquire seven secondhand dry bulk vessels, consisting of five Capesize and two Supramax vessels,

21 Commodities Say China isn't the Problem

One of the reasons advanced for the plunge in commodity prices is concern over the outlook for Chinese demand for raw materials as growth slows in the world's second-largest economy.

Diana Shipping Fixes Panamax

  Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary,

Sri Lankan Shipping Firm to Launch Vizag, Yangon Service

 Sri Lanka based shipping company- Herbilan Shipping Pvt Ltd is all set to launch Colombo-Vizag-Yangon (Myanmar)-Colombo service from September 1, reports the Hindu.

Total Withdraws from Coal Production and Marketing

French oil major Total confirmed on Monday that it had stopped all production of coal as of last week after the South African government approved the sale of its coal mining operations there.

Search Suspended for Overboard Freighter Crewman

The search for a man who reportedly jumped overboard from a freighter near Big Sable Point in Lake Michigan early Sunday morning has been suspended, the U.S. Coast Guard reported.

Scorpio Services Holding Buys Scorpio Bulkers Shares

Dry bulk commodities shipper Scorpio Bulkers Inc. announced today that Scorpio Services Holding Limited purchased an aggregate of 500,000 common shares of the company

Commodity Rout Unlike 2008, China Unlikely to Rescue

With the prices of many major commodities currently plumbing depths last seen six years ago, what are the chances of a repeat of the China-led boom that lifted

Oil Leads Market Rout as Asian Shares Tumble

Commodities pulled down by tumbling Asian equities; Oil, coal, copper at 2009 financial crisis levels. Commodity markets lurched lower on Monday after Chinese equities resumed their slide,

World’s Dry Cargo Transport Rate Nosedives

 The recession, gradually engulfing the world commodity production, has become apparent amid the dynamics of rates for international dry cargo transportation, reports abc.

Can Chinese Steel Support Freight Markets?

Is China’s steel exports enough to support the freight market?   No, it’s not enough, you will need lower Chinese iron ore production too in order to keep growing

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