Capesize Rates at Six-Year Lows, Could Slide Further
Rates for capesize bulk carriers have plunged to fresh six-year lows and could fall further with cargoes scarce in the post-holiday period, brokers
Rates for capesize bulk carriers have plunged to fresh six-year lows and could fall further with cargoes scarce in the post-holiday period, brokers
Iron ore climbed to the highest in a month on speculation China’s plans to speed up $1.1 trillion of infrastructure projects this year will boost demand amid
Exports of iron ore to China via the Port Hedland terminal rose 5 percent in December from November, underscoring in part a subdued start to the Australian
Only one crew member from the 190 meter-long bulk carrier Bulk Jupiter has survived after the ship unexpectedly sank 150 nautical miles off the coast of
A deeper slump in earnings for ships that carry most of the world’s coal and ore cargoes would force owners to take vessels out of service, according to
Following Scorpio Bulkers’ announcement on Wednesday of their plan to build six LR2 product tankers in lieu of their planned Capesize bulk carriers, the
Iron ore and shipping costs plunged to the lowest in five years amid signs China’s slowing economic growth and a glut of the commodity are sapping seaborne
Scorpio Bulkers announced today that it has partially scrapped its Capesize newbuild plan and will instead be replacing six of their Capesize orders with an
Since establishing his company in September 2013 and subsequently listing on the Norwegian OTC in March, Pankaj Khanna has positioned his dry bulk shipping
The new ECO coal carrier MV Soma Maru has been named the "Bulk Ship of the Year" at the International Bulk Journal Awards 2014 held in Rotterdam last
Mexico’s state-controlled Exportadora de Sal SA (ESSA), one of the world’s largest salt exporters with a 10-million-ton annual production, has ordered
Iron ore traded below $70 for the first time in five years as rising low-cost supplies by the world’s top miners widen a global glut amid slowing demand from
Dry bulk shipping firm Golden Ocean reported third-quarter earnings below expectations on Friday and said charter rates remained too low to ensure
Iron ore fell for a fifth day, approaching $70 a dry ton in a retreat to the lowest level in more than five years as seaborne supplies
Tug boat engineers at Port Hedland, Australia's biggest iron ore port, plan to hold a four-hour work stoppage on Nov. 22, tug operator Teekay Shipping
Tugboat masters and deckhands at Australia’s Port Hedland, the world’s largest bulk export terminal, voted to accept a new labor agreement, said Teekay
Noble Group Ltd., Asia’s biggest commodity trader by revenue, said third-quarter profit jumped almost sevenfold as it shipped a third more
The Baltic Exchange's main sea freight index, which tracks freight rates for ships carrying dry bulk commodities, rose on Monday on firmer rates for bigger
40-year-0ld Jan Rindbo has resigned from his post today as Chief Operating Officer at Pacific Basin Shipping, one of the world’s largest dry cargo
Daily rates for Capesize vessels hauling about 160,000 metric tons of iron ore jumped 38 percent to $12,580 today, according to the Baltic Exchange in
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