Bulk Carrier Trends

Cargill: 50,000T of Sugar Affected by Brazil Fire

Approximately 50,000 tonnes of sugar were stored in a warehouse affected by fire in the Teag terminal in Brazil on Monday, Cargill Inc said in a statement. The terminal,

Peabody Posts Loss as Coal Falls

Coal miner Peabody Energy Corp reported a quarterly loss, compared with a profit a year earlier, hurt by lower prices. The company's reported net loss from continuing

Union workers Strike at Glencore Coal Mine

South Africa's National Union of Mineworkers (NUM) said on Monday its members had downed tools at the Koornfontein coal mine operated by Glencore in a dispute over pay.

Simushir Under Tow by Barbara Foss

  Foss Maritime's ocean-going tug, the Barbara Foss, is towing the Russian cargo vessel, Simushir, which lost power late Thursday night off the west coast of Haida Gwaii.

Vancouver Welcomes Bulker on Her Maiden Voyage

The Port of Vancouver USA welcomed the M/V Jobst Oldendorff, commanded by Capt. Baisie of Ghana, on her maiden voyage October 16. Capt. Baisie and his 21-member

Enviro Activists Push Protest Pace

As hundreds of protesters joined environmental activists from South Pacific nations trying to blockade ships at the world's largest coal export terminal in Australia on Friday,

UK Coal: Hope in Carbon Capture

Yorkshire CCS project could burn domestic coal; Industry wants government commitment to UK supply. Some of UK's last underground mines to shut down. A short

Asia Dry Bulk-Capesize Fall on Cargo Woes

Rates for capesize bulk carriers on key Asian routes are again likely to fall as the volume of tonnage limits any price gains from an increase in chartering activity, brokers said.

Wärtsilä Bags Wagenborg's Maintenance Contract

Wärtsilä and Wagenborg Shipping B.V. have signed in June 2014 a six-year Maintenance Agreement for fifteen of Wagenborg's dry cargo carriers. Under the agreement

Bouchard Simulation Center Opens at SUNY Maritime

SEPTEMBER 15, 2014, New York, NY – Today in New York Morton S. Bouchard, III and many local maritime dignitaries officially opened The Bouchard Transportation Co.

Denmark Lobbies for IMO Top Job

Denmark and its maritime industry are lobbying to get the top position at the International Maritime Organization, a United Nations body that wields great influence

DryShips Pulls Plug on Notes Offering

  DryShips Inc.today announced that it has withdrawn its previously announced public offering of $700 million of its senior secured notes (the “Notes”) due to current market conditions.

Panama Canal Registers Tonnage Increase

The Panama Canal registered an increase in tonnage to 326.8 million Panama Canal tons (PC/UMS) during fiscal year 2014 which concluded on September 30. This figure

China Coal Tariff Sends Message to Cut Supply

The Australian coal industry response to China's decision to impose tariffs on imports was rapid and predictable, and ultimately shows the sector is still suffering from reality denial.

Prices Fall as China Announces Import Levies

China import levies to start Oct. 15; Newcastle November coal down $1.10 at $64.50.   Thermal coal prices fell on Thursday after China announced it will impose a levy on coal imports from next week.

GPA Marks 13 Percent 1Q Growth

Harbor deepening moves into construction phase.   On the heels of a state-federal agreement allowing the Savannah Harbor deepening to begin, the GPA has posted

Dry Bulk Drought: Asia Rates Fall

Rates for capesize bulk carriers on key Asian routes could continue to fall next week in the absence of major charterers although lower freight rates could tempt

Global Growth Disappoints, Shipping Remains Challenged

The global shipping industry finds no grace from much stronger economic activity going forward, as the global recovery remains fragile and uneven. Shipping being

Knightsbridge and Golden Ocean to Merge

  Knightsbridge Shipping Limited and Golden Ocean Group Limited have today entered into an agreement and plan of merger pursuant to which the two companies have agreed to merge,

Star Bulk Collects $8.016m From Sale of Its Claim Against Pan Ocean

Star Bulk Carriers Corp. (NASDAQ: SBLK) announced that following the settlement and adjudication of the company's subsidiary Star Borealis LLC claim for damages

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