Bulk Carrier Trends

Port of Bronka Prepares for Opening

Technical plant and equipment installation for the first stage of Bronka’s port facilities is now complete with the Liebherr LHM 800 mobile port crane installed at the end of September,

Golden Ocean CEO: No Share Issue

Dry bulk shipping firm Golden Ocean Group said on Tuesday it did not consider an equity issue to improve its liquidity and balance sheet following challenging markets conditions.

Commodities Hit 2002 Lows Before Rebounding on Oil

Commodities hit 13-year lows before rebounding on Monday after Saudi Arabia's pledge to work toward crude price stability bolstered oil and France's first wheat

Port Hedland to Enhance Capacity

  Modelling work over the past two years by the Pilbara Ports Authority (PPA) has identified opportunities to increase the shipping capacity in Port Hedland's

Dry Bulk Shipping Record Low a Warning for Global Economy

A slump in dry bulk shipping is set to worsen as the meltdown in global commodities and too many ships free for hire rock the sector used by investors to gauge the health of world trade.

MOL Adopts Thermal Imaging System for Coal Carriers

Mitsui O.S.K. Lines, Ltd. today announced the introduction of the FLIR C2 thermal imaging system commercialized by FLIR Systems Japan K.K. on MOL Group-operated coal carriers.

Asia Dry Bulk-Capesize Rates Could Slip Again

Capesize market could worsen in short-term; 3.5 mln tonnes could be cut from Brazil ore exports. Freight rates for capesize bulk carriers could drift lower next

Star Bulk Carriers Sold Three Vessels in Q3

 Star Bulk Carriers has sold three vessels during the third quarter, a modern Supramax and two 90s built Panamax says Petros Pappas, Chief Executive Officer.   Net

UK: Nation Must Move Away from Coal

Coal provided a third of UK electricity in 2014; new gas plants and nuclear must be built. Britain must move away from dirty and aging coal-fired power stations

Federal Bering Calls First Time at Antwerp

The Federal Bering bulk carrier called for the first time at the port of Antwerp on November 16. The recently built Federal Bering is in Antwerp for three days to load a consignment of 20,

German Vessal Held in US

A German ship Cornelia is being held in the Duluth Bay by U.S. authorities in Lake Superior for a fortnight, says local media.   The U.S. Coastguard is investigating

Dual Fuel Bulker Gets AIP from Class NK

Classification society ClassNK has granted Approval in Principle (AIP) to a 98,000 dwt LNG-fueled bulk carrier design developed by Maritime Innovation Japan Corporation (MIJAC).

Port of Hamburg Reports Cargo Downturn

Germany’s largest universal port reported the effects of weakened Chinese foreign trade plus the steep downturn in trade with Russia during the first nine months of the year.

Eskom Won't Budge on Glencore Coal Deal

Eskom will not pay Glencore's South African unit more than 150 rand a tonne when a temporary coal contract ends on Nov. 30, the utility's Chief Executive Officer, Brian Molefe, said on Tuesday.

Gibdock Wins Exhaust Scrubber Project

Gibdock has secured an exhaust gas scrubber retrofit project covering five vessels operated by ship management major Norbulk Shipping and owned by global shipping group Vroon.

Commodity Producers a Better Bet in Recovery?

Let's assume that you are a somewhat contrarian investor and take the view that the recent slump to fresh lows in commodity prices, and the share prices of producers,

Oman Shipping Names Two New Tankers

Oman Shipping Company (OSC) has performed the naming ceremony for two new product and chemical tankers – the Muscat Silver and Rustaq Silver.   The ceremony took

Car Carrier Runs Aground off Washington

The car carrier Viking Emerald got steering gear failure and ran aground off Woodland, Washington.    The vessel, owned by Norway’s Gram Car Carriers and managed by OSM Ship Management in Singapore,

J. Lauritzen: No Dry Cargo Recovery

“The dry cargo markets have shown no signs of recovery during Q3. A lack of demand growth in combination with deliveries of new tonnage will make this the reality of the market for an extended period.

Project Cargo and Grain Top Seaway Cargoes in October

With two months left in the shipping season, U.S. ports were busy moving grain and project cargo in October.   “We anticipated an increase in vessel activity

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