Norway Port Preparing For Economic Boom, But Not Because of Oil
(Bloomberg) — Three yellow construction cranes tower over heavy machinery and clusters of workers as they bustle in the Norwegian Arctic drizzle to get a
(Bloomberg) — Three yellow construction cranes tower over heavy machinery and clusters of workers as they bustle in the Norwegian Arctic drizzle to get a
(Bloomberg) — Cargill Inc., which says it hires more commodity carriers than any company worldwide, and two other industrial shippers, will stop using
After posting a loss of about ¥ 7.4 billion (USD $95 million) on the write-down of investment securities as a result of a decline in stock market prices, the
China’s Rongsheng Heavy Industries announced today the delivery of a pair of 380,000 DWT Very Large Ore Carriers (VLOCs); one to Brazilian ore giant
(Dow Jones) Shipping companies are demolishing their vessels at an unprecedented rate this year, hoping to eliminate some capacity to cushion the impact of a
In response to our article this week calling out 7 ships that were detained by the MCA, Captain Bjorn Hojgaard, Chief Executive Officer of Hong Kong-based
Total annual operating costs in the shipping industry increased by an average of 2.1 percent in 2011 led primarily by increasing crew costs, says international
On Monday, Russian freight forwarder Sovfracht-Sovmortrans announced the signing of an agency agreement under which they were formally appointed sales agent
MV Star Norita, a 58,000 DWT supramax bulk carrier, was named and delivered today by Chinese shipbuilder, Tsuneishi (Zhoushan) Shipbuilding to its owner,
Singaporean shipowner Navig8, announced on Friday that it’s Supra 8 pool of supramax-bulkers has expanded to 15 units from an initial four this summer.
A rail-mounted Siwertell ship unloader with a rated capacity of 1,500 tph will be used to discharge coal at a greenfield power plant under construction near
(Bloomberg) — Iron-ore ships are poised to earn more than operating costs for the first time this year as rates rally on speculation Chinese steel mills
Germanischer Lloyd (GL) has presented UK-based shipper Carisbrooke Shipping with energy efficiency design index (EEDI) certificates for four low emission dry
The dry-bulk shipping market has been in the doldrums again of late (the Baltic Dry Index is again near record lows and recently had a 31-session streak of
Vale informed reporters today that it has signed a USD $600 million agreement to sell and further charter 10 large ore carriers with Polaris Shipping Co. Ltd.
HONG KONG–The head of shipping giant China Cosco Holdings Co. (601919.SH) on Thursday cast a downbeat light on the shipping industry, saying the current
China, the world’s biggest coal consumer, is poised to reduce imports of the commodity from Australia after the gap with domestic prices narrowed,
Shipping lines that carry generators and giant trucks for General Electric Co. and BHP Billiton Ltd. are becoming takeover targets amid a lack of funding for
Hellenic Carriers Limited (AIM: HCL), an international provider of marine transportation services for dry bulk cargoes, announced today that, in continuation
A plunge in iron ore prices and shipping costs means it’s cheaper for Chinese steel mills to buy the material from Brazil more than 8,000 nautical miles
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