With an average age of 23.8 years, the fleet of very large ore carriers (VLOC) converted from very large crude carriers (VLCC) is vintage compared to the average age of 5.7 years for non-converted ore carriers above 200,000 DWT, according to BIMCO…
The shipping company Reederei Hamburger Lloyd (RHL) is celebrated its 10th anniversary on the occasion of its fourth traditional Rice & Curry dinner on June 8, 2017 in the Hafen Klub, Hamburg.In June 2007, the ATALANTA Beteiligungsgesellschaft…
Diana Shipping, through a separate wholly-owned subsidiary, has agreed to extend and increase the time charter rate of the present time charter contract with Singapore-based Rio Tinto Shipping (Asia) for one of its Capesize dry bulk vessels…
The 1,004-foot M/V James R. Barker has sailed from the Twin Ports with a new specialized cargo: 60,000 tons of Mustang superflux pellets – the first shipment of its kind since the new pellet production began at Cliffs Natural Resources Inc.’s United Taconite mine last month…
The Ruia brothers-led Essar Shipping Limited (ESL) of India has added a Panamax vessel of 74,005 Deadweight Tonnage (DWT) to its fleet of vessels. With this new induction, Essar Shipping now has a fleet of 14 vessels that include VLCCs…
Mining and commodities trading group Glencore Plc would prefer to grow its business through acquisitions rather than greenfield investment, its chief executive said on Wednesday. Addressing an annual general meeting in Cham, Switzerland…
Oslo-listed dry bulker Jinhui Shipping sees a bumpy road ahead despite signs of a recovery in the dry bulk market. The road to recovery will be challenging and the market will remain volatile, vice president Raymond Ching told the Q1 conference call on Monday…
Turkey's state grain agency TMO is expected to buy up to 320,000 tonnes of animal feed corn in the coming months after the Turkish government approved a large import programme, traders said on Monday. Turkey's state grains board TMO has been granted the right to import 500…
Alistair Cross was flying high after showing in a pilot project how blockchain - the technology first developed for the crypto-currency bitcoin - could transform the old-fashioned and secretive world of commodity trading. But since the pilot ran early this year…
The Brazilian unit of Archer Daniels Midland Co on Friday said it had completed a 33 percent expansion in its Santos port terminal's export capacity to 8 million tonnes of grains per year. The company invested 280 million reais ($85.19 million) in the project…
The Baltic Exchange has appointed a new chief commercial officer; Janet Sykes, former head of communications at shipping services provider Clarksons Platou, will join the Baltic Exchange on July 3. Sykes worked at Clarksons Platou between…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the fourth straight session on Thursday, pressured by lower panamax vessel rates.The overall index, which factors in rates for capesize…
Mitsui O.S.K. Lines, Ltd. (container, tanker, dry-bulk and car carrier divisions) and KOTUG SMIT TOWAGE (KotugSmit) signed long term towage agreements, effective early 2017.The two have agreed upon a long term towage contract for the ports of Rotterdam…
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/v Phaidra (formerly “Soya May”), a 2013 built Post-Panamax dry bulk vessel of 87,146 dwt that the Company entered into an agreement to purchase in April 2017…
Golden Ocean Group (GOGL) said it has taken delivery of additional two vessels, Q Myrtalia and Q Shea, from Quintana Shipping in exchange for 1.95 million consideration shares. A statement from the company said: 'Reference is made to the stock exchange notice dated March 14…