Bulk Carrier Trends

Supramx Ship Delivered to Seanergy

Dry Bulk shipping company Seanergy Maritime Holdings Corp. announced today the delivery of a 56,819 dwt Supramax dry bulk vessel, renamed M/V Gladiatorship.   The vessel,

Citigroup to Cut Coal Financing

Press release - Citigroup has released a new policy to cut its lending to the global coal mining industry. The bank updated its environmental and social policy framework,

Baltic Index Slips as Demand Falls

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Monday as demand dropped across all vessel categories.

Recent Vessel Sales - September 2015

Vessel sales for September 2015 (as of October 1) as prepared by Shipping Intelligence, Inc., New York.   Date Reported - Vessel Name - DWT - Built - (Age) -

AEP to Sell AEP River Ops To ACL

American Electric Power (AEP) has signed an agreement to sell its commercial barge transportation subsidiary, AEP River Operations LLC, to American Commercial Lines (ACL),

Rand Takes Delivery of Newest Self-Unloader

Bulk freight shipper Rand Logistics, Inc. has taken delivery of its newest Canadian self-unloading vessel, increasing its fleet to 16 ships, including 10 Canadian flagged and six U.

Asia Dry Bulk-Capesize Rates Impacted by China Holidays

Weak holiday demand to pressure rates lower. Rebound seen after China returns to market on Oct 8. Freight rates for capesize bulk carriers could come under pressure

Weaker Capesize Demand Pulls Down Baltic Index

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry-bulk commodities, fell on Wednesday, primarily due to lower demand for capesize vessels.

World Carbon Debate Must Consider Great Lakes Shipping

As the debate continues both at home and abroad on carbon offsetting measures, the Chamber of Marine Commerce is urging stakeholders and governments to consider

Rio Tinto Sheds Aussie Mine Stake

Rio sells out of Australian coal mine; New Hope Corp buys 40 pct stake for $606 million. Global miner Rio Tinto on Wednesday said it had agreed to sell its 40

Thermal coal Prices near Record Lows

Physical coal prices were mired near record lows this week as slower economic growth in top consumer China dented the outlook for demand, although some production

Sinotrans Orders Four Boxships

 Sinotrans Shipping has ordered four new energy-saving containerships of 1,900 teu in capacity each at CSSC Huangpu Wenchong Shipbuilding Company for $98.2mln.   The four newbuildings,

Québec, Indiana Partner for Great Lakes Shipping

Québec Minister of International Relations and Francophonie Christine St-Pierre and Indiana Lieutenant Governor Sue Ellspermann today announced that the Province

Seaspan Unveils Massive Barge in Canada

Seaspan bulks up investment in BC’s marine sector, celebrates addition of fourth new barge in the past 10 months  Seaspan Marine unveiled the newest addition to its marine fleet,

Rand Logistics Names Corporate VP of Procurement

Rand Logistics, Inc., a provider of bulk freight shipping services throughout the Great Lakes region, today announced the appointment of Christopher J. Garwood

Commodity Slump Sends Exporters' Eurobonds to Multi-year Lows

Prices for Eurobonds from many commodity-exporting emerging markets have fallen sharply this week on fears that the latest metals price reversal will hit the ability to repay debt,

New Bulkers Launched into Fuel-saving Future

One of the first commercial applications of MAN Diesel & Turbo’s new MAN Alpha Kappel FP propeller took place off the coast of China recently when the vessel Elsabeth C,

Jeb Bush Energy Plan Unveiled

Republican U.S. presidential candidate Jeb Bush will lay out energy policy proposals on Tuesday that seek to spur job growth and take aim at President Barack Obama's

Glencore: We Remain Operationally, Financially Robust

Mining and trading company Glencore said on Tuesday its business remained "operationally and financially robust" and it was confident of the medium and long-term fundamentals of its commodities.

Another Japanese Bulk Shipper Seeks Bankruptcy Protection

Daiichi Chuo liabilities total $1.5 bln. Second dry bulker to seek bankruptcy protection this month. Japanese bulk carrier Daiichi Chuo Kisen Kaisha said on

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