Overcapacity Builds in the Dry Bulk Sector
The dry bulk shipping market continues to see the fleet and orderbook grow. In January 2014, the worldwide capacity of dry bulk vessels grew by nearly 8
The dry bulk shipping market continues to see the fleet and orderbook grow. In January 2014, the worldwide capacity of dry bulk vessels grew by nearly 8
The U.S. Coast Guard is investigating a 590-foot bulk carrier that ran aground Wednesday night in the Elizabeth River near Hospital Point in Portsmouth,
BEIJING, Feb 25 (Reuters) – Brazil’s Vale SA will launch in March the first phase of its iron ore storage and distribution centre in Malaysia that
Rates for capesize bulk carriers on key Asian routes are set for mixed fortunes next week, with buoyancy on the Australia to China trade counterbalanced by a
Genco Shipping & Trading Ltd. hired Blackstone Advisory Partners LP to explore a debt restructuring after the operator of dry-bulk cargo ships missed a $3.1
New tighter Chinese restrictions on Brazilian miner Vale's Chinamax ore carriers are "technical" and are likely to be resolved over time, Vale's head of iron
By Manolo Serapio Jr and David Stanway SINGAPORE/BEIJING, Feb 14 (Reuters) – China will only allow ships with capacity of up to 250,000 deadweight tonnes
Food importers in Asia are switching from dry bulk cargo ships to container vessels, which normally carry goods such as toys and TVs, as they offer a way to
At the end of January, a municipal power failure caused South Africa’s Richards Bay Coal Terminal (RBCT) to shut down while shipments of coal continued
The shipping industry is poised to emerge from its longest downturn in three decades, buoyed by an end to years of overcapacity that have depressed freight
Chinese importers canceled purchases of four cargoes of U.S. corn this week, after one cargo was diverted to Vietnam last week, U.S. government data showed on
Less than a month after its largest new-building order and a fully subscribed IPO, Scorpio Bulkers Inc. (SALT) has struck again, albeit more modestly. This
Star Bulk Carriers Corp. (Nasdaq: SBLK) announced today a signed agreement to acquire two Chinese-built Post-Panamax bulkers, the M/V “GL Qushan”
The London P&I Club says the lifting of an iron ore ban in India, together with the recent total loss of two ships, has put the spotlight once again
Freeport-McMoRan Copper & Gold Inc., the largest publicly traded copper producer, will defer the equivalent of about a 10th of monthly sales of the metal until
Belships ASA announced their intentions today to exit the product tanker market and concentrate exclusively on the dry bulk sector upon the expiration of the
he Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Wednesday, marking its first gain this year,
The ban on mineral-ore exports from Indonesia, the world’s biggest nickel producer, is poised to benefit neighboring miners in the Philippines, who are
With the holidays behind us, shipping slowly returns to daily routine of moving cargoes (we should never forget what shipping is all about) and everyone having
Indonesia pushed ahead with a watered-down ban on mineral ore exports that will cut global nickel supplies and allow Freeport-McMoRan Copper & Gold Inc. to
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