Hitting the Slopes: Swiss Ski Hub is Home Port for Billionaire-Backed Shipping Firm

By Andy Hoffman (Bloomberg) -- Peter Weernink, the former head of a shipping line that counts Glencore Plc as its biggest shareholder, has started a new dry bulk operator from one of Switzerland’s most exclusive Alpine resorts. Singapore Marine Ltd. will have an office in Verbier, the Swiss village where Weernink resides, alongside British royals and celebrities … [Read more...]

Brazilian Port Operators Seeking Ways to Reduce Panama Canal Tariffs

By Ana Mano SAO PAULO, April 2 (Reuters) - Brazilian port operators including units of global grain traders Cargill Ltd and Bunge Ltd will unveil a proposal this week to lower Panama Canal tariffs and cut their costs in shipping agricultural commodities to their main market China. They will argue that at current tariffs, shipping grains from Brazil's northern ports via … [Read more...]

Dry Bulk Market Prospects Worsen After Brazil Dam Disaster, Golden Ocean Says

OSLO, Feb 19 (Reuters) - The prospects of dry bulk shippers carrying iron ore from mines to smelters have worsened due to the accident at Vale's Brumadinho dam in Brazil, Golden Ocean said on Tuesday as it presented forecast-beating quarterly earnings. The dam in the town of Brumadinho, which contained tailings, the mud-like byproducts of iron ore mining, burst on Jan. 25, … [Read more...]

Dozens of Bulk Vessels Stuck Off China Ports Amid Customs Delays -Data, Sources

By Henning Gloystein and Muyu Xu SINGAPORE/BEIJING, Feb 1 (Reuters) - Dozens of ships carrying coal and iron ore to China are stuck outside ports waiting to unload, according to shipping data, with traders saying harbour authorities are taking longer than usual to clear the imports with customs officials. Refinitiv data showed on Friday that more than 300 dry-bulk freighters … [Read more...]

Spoils of Trade War: Argentina Loads Up On Cheap U.S. Soybean

By Hugh Bronstein and Karl Plume BUENOS AIRES/CHICAGO, Nov 30 (Reuters) - A ship named the Torrent is nearing the end of a 5,000-mile trip carrying soybeans from the U.S. Great Lakes to Argentina - a journey that only makes economic sense because of the U.S.-China trade war. The ship is scheduled to dock in the Rosario grains hub on Dec. 4, days after the leaders of the … [Read more...]