Bulk Carrier Trends

Week's Ocean-Going Shipbuilding Orders Sparse

Despite some media reports of more significant ordering, there is only one firm shipbuilding order to report in the drybulk sector, according to the latest Clarkson Hellas S&P Weekly Bulletin,

Star Bulk to Acquire 34 Drybulk Vessels

Star Bulk entered into a definitive agreement with Excel Maritime Carriers Ltd., and as a result, will acquire 34 drybulk vessels for an aggregate of 29.917 million

Russian Food Import Ban: Trucks Lose, Shipping Wins

Team Niinivirta, a Finnish family-run transportation firm, turned 60 this year, but its third-generation managers now don't know if the business will see Christmas,

OceanSaver Reports Surge in BWT Orders

OceanSaver said it has received a rush of ballast water treatment (BWT) system orders for large vessels. The Norwegian firm, a BWT specialist developing solutions since 2003,

BHP Announces Spin-off, Delays Share Buyback

Spin-off includes some nickel, coal. Analyst sees 'better asset mix than we thought.' The world's biggest mining company, BHP Billiton , announced plans to spin

First Grain Shipload Leaves ADM Brazil Port

The first loaded vessel has departed Archer Daniels Midland Company’s (ADM) new export terminal in Barcarena, in the northern Brazilian state of Pará. ADM explains

Capesize Rates to Rise Much Higher this Year

According to Commodore Research & Consultancy, capesize rates ended last week at $15,561/day, which marked a week-on-week increase of $6,167 (66%). Capesize rates

Sperry Navigation Systems for 7 Bulk Carriers

Northrop Grumman Corporation has been awarded a contract by Peter Dohle Schiffahrts-KG to supply the Integrated Bridge Systems, including navigation, voyage data recorders and radio systems,

Free Ethanol Safety Seminar

The Renewable Fuels Association (RFA) and Fore River Transportation Corporation will cohost a free Ethanol Safety Seminar on Aug. 26–27 in the auditorium of South Middle School in Westfield, Mass.

Port of Hamburg Continues Cargo Records, Adds Jobs

The Port of Hamburg continues record performance handling a total of 72.6 million tons (+ 6.6 percent) in the first six months of 2014. Hamburg’s universal port with 50.

Baltic Dry Index Rose, Due to Larger Ship Freight Rise

  Baltic Exchange Dry bulk freight index rose on Friday, due to the larger ship freight to rise. Dry bulk freight index rose 73 points, or 7.75 percent, to close at 1,015 points.

Closure of Port of Venice/Porto Marghera

  The entrance of Port of Venice/Porto Marghera will be closed from August 18th at 03.00 to August 25th at 00.01. Port traffic will be suspended from August 18th at 03.

Odebrecht JV Wins $1.3b Colombia Waterway Contract

Colombia awarded a 2.5 trillion peso ($1.33 billion) contract to a consortium led by Brazil's Odebrecht SA on Friday to improve navigability on the Magdalena River,

BHP Billiton set to spin off unwanted assets

Diversified mining company BHP Billiton declared its preference for a demerger of its aluminium, manganese and nickel assets on Friday, setting the stage for the

BIMCO: Bulk Market Awaits Freight Rates Lift

Dry Bulk Shipping: All eyes on Brazilian iron ore exports, as we await the long-anticipated lift in freight rates. Demand The freight market, which performed so well in Q1,

Tough Line on Shipping Loans: ECB

ECB in discussion with German supervisors; question over treatment of ship loans in health check. Compromise emerging which may involve 'haircut' on loan valuations.

BHP Billiton to Shed Unwanted Assets

Likely to include aluminium, manganese, nickel; will also include some coal, silver assets. Diversified mining company BHP Billiton declared its preference for a demerger of its aluminium,

Poland Considering Sanctions on Russian Coal

Poland is considering imposing sanctions on the import of Russian coal, Foreign Minister Radoslaw Sikorski said on Thursday. Poland is among the more vocal supporters

Coal Sector Casts Shadow on Ukraine Electricity Market

Intense fighting in eastern Ukraine has forced coal mines to cut production or close entirely, imperilling the country's electricity market and potentially forcing

Great Lakes’ Ore Float at 6-year High

Iron ore shipments on the Great Lakes totaled 7,231,506 tons in July, the highest level since July 2008 when 7,318,961 tons were loaded at U.S. and Canadian ports.

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