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Bulker Blocks Brazil Entrance

Maritime Activity Reports, Inc.

June 27, 2001

The Hong Kong-flag bulker Dyna Gemini was blocking shipping at Sepetiba, Brazil, after running aground in the middle of the access/exit channel, Reuters reported. The 151,066-dwt bulker was carrying 170,000 tons of iron ore from Sepetiba for an unknown destination. Dyna Gemini was being assisted by tugs and a dredger. No damage or pollution has been reported so far. - (Reuters)
The orderbook for U.S. dredgers is about $3B, and according to DCA CEO Bill Doyle, the incoming political administration could help this niche maritime sector continue its bull run.
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