Bulk Carrier Trends

Freeport Says Indonesia Exports Could Resume Soon

Freeport-McMoRan Inc said on Wednesday it expects to "imminently" sign an agreement with Indonesia that would enable it to immediately resume copper concentrate

Bogdanka CEO: Looking to New Coal Deposits

Polish coal miner Bogdanka hopes to bring on new coal deposits to boost output and help counter the impact of lower coal prices on its results, Chief Executive Officer Zbigniew Stopa said.

Itochu, Sumitomo's Australia Coal stake for Sale

Japan's Itochu Corp and Sumitomo Corp want to sell their stakes in two Australian coal mines and a coal terminal they co-own with Glencore PLC, two people familiar with the matter said on Wednesday.

Freeport Earnings Flat, "Encouraged" in Indonesia

Freeport-McMoRan Inc on Wednesday reported second quarter earnings that were little changed from a year earlier, and said it is "encouraged" by its discussions with the government of Indonesia.

Global Ocean Trade: Latest Shipbuilding Orders

No tankship orders noted the past week by Clarkson Hellas in their latest S&P Weekly Bulletin, but no lack of orders in the dry bulk carrier market, all from Far East shipbuilders.

Scorpio Bulkers Gets $540m Loan for Newbuilds

Scorpio Bulkers Inc. announced that it has received a commitment for a $540 million loan facility and provides an update on the financing of its fleet. On July 21,

Peabody Quarterly Revenue Rises 2 pct

Coal miner Peabody Energy Corp reported a 2 percent rise in quarterly revenue, helped by an increase in shipments and prices at its mining operations in western U.

Ivory Coast Rain Fuels Hopes for Strong Cocoa Main Crop

Rain mixed with sunny spells last week in most of Ivory Coast's main cocoa regions helped the development of plentiful small pods, suggesting a strong start to

Ports America Hires Director Sales, Breakbulk

Patrick Hughes has joined Ports America Stevedoring as breakbulk sales director with responsibilities for coordinating and driving customer satisfaction, business development and market growth.

DryShips Receives Funds for 9 Drybulk Vessels

DryShips Inc., a global provider of marine transportation services for drybulk and petroleum cargos and offshore contract drilling oil services, announced today

Nigeria Cocoa Shipment Resumes

Exporters have resumed loading of cocoa shipments in Nigeria's second-largest producing area, Cross Rivers state, after the state government suspended on Friday a levy on bean exports,

MOL Coal Carrier to Serve Tohoku Electric Power

Mitsui O.S.K. Lines, Ltd. (MOL) today announced that the coal carrier Soma Maru, which will serve Tohoku Electric Power Co., Inc., was delivered at Mizushima Shipyard

Algoma Christens Equinox-class Laker on Arrival

Algoma Central Corporation announces the arrival in Canada and the christening of its second Equinox Class bulk cargo vessel, the 'Algoma Harvester'. The christening

St. Lawrence Seaway June Cargo Upswing at U.S. Ports

U.S. ports throughout the Great Lakes uniformly saw increased tonnage in several cargo categories during the monthof June 2014, according to news excerpted from

Cameroon Cocoa Exports Down from Last Year

Cameroon, the world's fifth cocoa grower, has exported 152,941 metric tons of cocoa beans from the start of the 2013/14 season to end-June, down from 203,220 metric

China, Brazil Close Plane, Finance, Infrastructure Deals

China and Brazil sealed their expanding commercial partnership on Thursday with a $5 billion credit line for Brazilian miner Vale and the purchase of 60 passenger

Adani Taps POSCO to Build Rail Line for Australia Coal Project

India's Adani Mining Pty Ltd on Thursday said South Korea's POSCO Engineering & Construction Co Ltd will build the rail line for a long-delayed A$16.5 billion ($15

Strikes Halt Grains Exports from Rosario Hub

Multiple strikes paralyzed all grains exports from Argentina's pivotal Rosario export hub on Thursday, the president of the Rosario port chamber said. "All work is at a standstill.

American Club Expands E-Learning Offering

The American P&I Club has added to its library of e-learning modules released in cooperation with IDESS IT in the Philippines. The new module covers compliance

China Seeks to Build Shipping Railways in Brazil

Brazil hopes that during a visit by Chinese President Xi Jinping it can boost ties with its biggest trade partner beyond the exchange of commodities for manufactured goods,

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