Bulk Carrier Trends

Newport Shipping Debuts New Revenue Sharing Concept

London-based ship manager Newport Shipping has introduced a new revenue sharing agreement (RSA) concept to the Handysize bulk carrier sector and will now market

NewLead Fixes Newcomer, "Newlead Castellano"

  NewLead Holdings Ltd. announced today that it has entered into a time charter contract for the recently delivered Handysize vessel, the "Newlead Castellano".

Great Lakes Coal up More Than 12% in September

Lake Carriers’ Association reported that coal shipments on the Great Lakes totaled 3 million tons in September, an increase of more than 12 percent compared to a year ago.

Containers, Cruises Help Boost Marseilles Fos

Container throughput at French port Marseilles Fos reached 876,711 teu for the period January to September, an increase of 6% on the first nine months last year.

Maritime Reporter @ 75: The Daily Cartoon

Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry,

FMT Orders Another Towboat from Eastern Shipbuilding

  Eastern Shipbuilding Group, Inc. is pleased to announce that Florida Marine Transporters, Inc. of Mandeville, LA exercised another additional 90’x32’x10’ “Canal

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.

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