COSCO to Scrap 13 Ships as Part of Fleet Restructuring Plan
In an exchange filing today, China COSCO announced their plans to scrap 13 ships, consisting of 4 container vessels totaling 11,207 TEU and 9 bulk carriers of
In an exchange filing today, China COSCO announced their plans to scrap 13 ships, consisting of 4 container vessels totaling 11,207 TEU and 9 bulk carriers of
By Helen Murphy BOGOTA, Aug 6 (Reuters) – U.S. coal miner Drummond Co Inc and striking workers in Colombia failed to reach agreement on Tuesday to end a
Aug 6 (Reuters) – The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for the third
(Reuters) – Iron ore exports to China from Australia’s Port Hedland, which handles about a fifth of the global seaborne market for the steel-making
By Yimou Lee HONG KONG, July 31 (Reuters) – China’s largest bulk shipper, China COSCO Holdings Co Ltd , may sell some of its $1.6 billion in
Port Hedland is located in the North West Pilbara region of Western Australia and is the world’s biggest bulk export port by tonnage. The port
The World Steel Association, whose members represent approximately 85% of world steel production, reported that world crude steel production for the 64
If Jim Chanos is correct in his assessment of Caterpillar and the commodity supercycle, particularly the mining business, the implications for dry bulk
On 16 July 2013, the 53,450 dwt bulk carrier Bridgegate was loaded with her cargo of bauxite at a port at the Rio Tinto alumina refinery in Gove, also known
The first decade of the 21st century was marked by Chinese demand for industrial commodities to build and expand cities and infrastructure. The
By Silvia Antonioli and Jonathan Saul LONDON, July 24 (Reuters) – Measures to tackle high moisture content in iron and nickel ores shipped across oceans
July 23 (Bloomberg) — The largest commodity carriers are poised to profit for the first time this year as Australia exports near-record amounts of coal,
At the end of 2012 the dry bulk fleet comprised approximately 672.8 million deadweight (“dwt”) or 9,275 ships, including Handysize, Handymax,
By Keith Wallis SINGAPORE, July 22 (Reuters) – A flood of orders for new vessels and slower Chinese growth in demand for commodities could derail a
(Bloomberg) — China may boost wheat purchases from Australia by 67 percent this year, according to grain handler Emerald Group Australia Pty, adding to
Athens-based dry bulk shipper Diana Shipping (NYSE: DSX), has announced that it has entered into a time charter contract with Cargill for the 2005-built M/V
July 12 (Reuters) – The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Friday on
Star Bulk Carriers Corp. (NASDAQ: SBLK) entered into a newbuilding agreement today with Shanghai Waigaoqiao Shipbuilding to build a pair of 180,000 DWT
Rates to ship liquefied natural gas and petroleum products would jump if turmoil in Egypt disrupts the Suez Canal, extending the historical effect on crude-oil
The Baltic Dry Index, a measure of commodity-shipping costs, fell for a fourth day, capping the biggest weekly decline since December, as rates declined for
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