Bulk Carrier Trends

S.Africa's Transnet in $2.1b BHP Coal Train Deal

South African state logistics company Transnet said on Tuesday it had signed a 24 billion rand ($2.1 billion) deal with global mining group BHP Billiton to provide

'Flag Zannis' Delivered

  The Board of Directors of COSCO Corporation (Singapore) Limited announced that COSCO (Dalian) Shipyard Co., Ltd ("COSCO Dalian"), a subsidiary of the Company's 51% owned COSCO Shipyard Group Co.

Coal Futures Hit 5-Year Lows

 Australian physical coal prices also hit 5-year lows; API2 2015 coal prices: http://link.reuters.com/hun92w. European coal futures hit five-year lows on Monday,

New Portal Crane for Schwedenkai Intermodal Handling

Port of Kiel invests in hinterland rail links. A new portal crane has arrived at Kiel’s Schwedenkai Intermodal Terminal, meaning that trains involved in rail-ship

US River Infrastructure Near breaking Point

With a record U.S. harvest just coming in, the river transportation system that is at the heart of the nation's farm economy is overstrained by rising demand for shipping capacity,

Vale to Lease 10 China Merchant Bulkers

Brazil's iron ore miner Vale SA said on Friday it secured a deal with China Merchants Group to lease for 25 years as many as 10 very large ore carriers, which will be built by China Merchants,

MOL Holds Place in Dow Jones Sustainability Index

Mitsui O.S.K. Lines, Ltd. inform that it has once again been included in the Dow Jones Sustainability Index (DJSI) Asia Pacific, on which it has continuously held a spot since 2003.

Euroseas Announces $5m Share Repurchase Program

Euroseas Ltd., an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, has

G E Shipping Acquires a Supramax Bulk Carrier & Sells "Jag Prachi"

  The Great Eastern Shipping Company Ltd. (G E Shipping) took delivery of a 2006-built Supramax Bulk Carrier of about 52,454 dwt. The company had contracted to buy the ship earlier this month.

Vancouver Commends Canada-S. Korea Trade Agreement

Port Metro Vancouver issued an announcement welcoming news of the signing of the Canada-Korea Free Trade Agreement yesterday in Ottawa. The agreement will significantly

India Court Verdict Scrapping Coal Blocks to Weigh on Lenders

An Indian Supreme Court verdict scrapping most coal extraction permits given to companies over two decades has raised concerns that loans to the holders of the permits could turn sour,

India Scraps Most Allocated Coal Blocks

Companies have six months to return mines; Govt free to auction mines after March 31. Reliance, NTPC, SAIL given exemptions from ruling. India's top court on

First Arctic Cargo Shipped through the Northwest Passage

  Fednav, a Canadian-owned company and world leader in Arctic navigation, today announced that its vessel, the MV Nunavik sailed from Deception Bay en route to China via Canada's Northwest Passage,

Charterers Remain Optimistic Despite Small Downturn

Overall confidence levels in the shipping industry fell slightly during the three months to August 2014, according to the latest Shipping Confidence Survey from

Star Bulk Takes Delivery of M/V Leviathan

Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargos, has announced that on September 19, 2014 it has taken delivery of M/V Leviathan,

In Support of Affordable Energy

As its key mission, Waterways Council, Inc. (WCI) advocates for a modern and well-maintained system of inland waterways and ports. WCI’s top issues areas include

NewLead Takes Delivery of 3rd Eco-Type Bulker

  NewLead Holdings Ltd.announced today that the "Newlead Castellano", a 2013-built dry-bulk eco-type Handysize vessel of 35,542 dwt, was delivered to NewLead's owned fleet on September 16, 2014.

Grounded Laker Refloated in Duluth

M/V Paul R. Tregurtha freed by The Great Lakes Towing Company after laker ran aground in Duluth M/V Paul R. Tregurtha was refloated by The Great Lakes Towing

India's Coal Imports Causing Port Congestion

Congestion at Paradip expected to ease in a week if rains stop; higher-than-usual congestion at some other ports too. Indian power and steel companies are importing

November Physical ARA Prices End Week 1.7 pct Lower

European thermal coal dipped for a third straight day on Friday as weak demand and healthy supply shaved 1.7 percent off prices this week. European coal cargoes

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