Dry Bulk Ships Struggling to Obtain 2020-Compliant Fuel

(Bloomberg) --Ships hauling everything from iron ore to coal and grains are struggling to obtain the fuels they need to test them in time for the start of sweeping environmental legislation that takes effect in six weeks’ time, a situation that could ultimately result in vessels having to temporarily halt trading. So-called tramp ships, an industry term dating back to the … [Read more...]

Record Iron Ore Cargoes Forecast From Australia’s Port Hedland

By Krystal Chia and Shery Ahn (Bloomberg) --Iron ore exports from Australia’s Port Hedland, the largest bulk-export terminal, are expected to hit a record as producers in the nation’s mining heartland raise output, according to the Pilbara Ports Authority. Cargoes of the steelmaking material shipped via Hedland may swell to a new high in the fiscal year to June 2020, and … [Read more...]

INTERCARGO Expresses ‘Deep Concern’ Over Missing Nur Allya Loaded with Nickel Ore

The International Association of Dry Cargo Shipowners (INTERCARGO) is once again urging shipowners, operators and crews to exercise extreme caution when loading nickel ore and other cargoes known to liquefy following the loss of the Nur Allya in Indonesia. INTERCARGO this week said it was deep concerned over the fate of the 25 crew members reported missing aboard the Nur … [Read more...]

Baltic Dry Index Falls for Eighth Session

Aug 1 (Reuters) - The Baltic Exchange's main sea freight index fell for an eighth straight session on Thursday, as increased vessel supply and easing demand for shipping iron ore dragged down capesize rates, while soft South American orders hurt panamaxes. * The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 3%, or 56 points, to 1,812 … [Read more...]

Baltic Dry Index Hits 11-Month High on Strong Demand for Iron Ore Shipping

July 9 (Reuters) - The Baltic Exchange's main sea freight index rose to its highest in 11 months on Tuesday, driven by higher rates for larger capesize vessels on strong demand for shipping iron ore. * The Baltic index, which tracks rates for ships ferrying dry bulk commodities, rose about 2%, or 34 points, to 1,759, its highest since early August. * The index rose 28% … [Read more...]