Marine and offshore vessel management and support services provider V.Group said it has acquired Graig Ship Management Ltd, part of Graig Shipping PLC, which has developed a reputation for new build supervision and ship management of dry bulk vessels…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, jumped more than 4 percent on Friday as demand for capesize and panamax vessels remained strong.The overall index, which factors in rates for capesize…
The Georgia Ports Authority (GPA) said it moved 2.33 million twenty-foot equivalent container units for the calendar year through July, up 10.8 percent, or an additional 230,000 TEUs. 'It is through the incredible efficiency and productivity…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, notched its biggest one-day percentage gain in five months on Thursday, buoyed by soaring demand for larger vessels. The index, which factors in rates for capesize…
Brazilian mining company Vale SA on Wednesday said it has sold two ships with a capacity to carry 400,000 tonnes of iron ore each for a total of $178 million. The company said it received the payment on August 8 and that it is in talks to sell two remaining ships of the same class (VLOC…
Were China's commodity imports in July a continuation of the trend of robust growth, a pause from the recent strength, or early signs of a slowdown? When numbers aren't unequivocally pointing in the same direction it often becomes possible to interpret them in different ways…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to its highest level in more than three months on Tuesday, supported by firmer rates for larger vessels.The overall index, which factors in rates for capesize…
Egypt is looking to reverse a series of bans on its agricultural products that has hit one of its most promising export sectors, Abdel Hamid al-Demerdash, the head of Egypt's Agriculture Export Council told Reuters. Egyptian crops from strawberries…
KPI Bridge Oil, a global trader and broker in marine fuels and lubricants, physical supply and specialist in marine risk management products, has announced the appointment of bunker and lubricant trader Brenda Lim at its Singapore office.Lim has more than six years’ experience in the industry…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday for the sixth straight session, helped by higher rates for larger vessels.The overall index, which factors in rates for capesize…
Diana Shipping has announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with RWE Supply & Trading GmbH, Essen, Germany, for one of its Capesize dry bulk vessels, the m/v G. P…
Eagle Bulk Shipping, one of the world’s largest owner-operators in the Supramax/Ultramax segment, today announced that it has taken delivery of the M/V Madison Eagle, the eighth of nine Crown-63 Ultramax dry bulk sister vessels the Company acquired from Greenship Bulk Trust…
The Lake Carriers’ Association (LCA) reported that shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 6.4 million tons in July, an increase of 14.7 percent compared to a year ago., yet 2.3 percent below the month’s five-year average…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for the fifth day this week, helped by higher rates for larger vessels.The overall index, which factors in rates for capesize, panamax…
South Korea's leading container carrier Hyundai Merchant Marine (HMM) will allocate more vessels to meet rising demand on U.S. routes in the coming months, reported Yonhap. HMM expects a shortage of container carriers on the high-traffic routes from August to October as U…