In what has been a very difficult year for dry bulk, the values of regional fleets have changed quite a bit over 2016. Despite the down market, the Asian fleet is 7 percent more valuable at the end of the year. Since the Baltic Dry Index (BDI) low of 290 points in February this year…
A strong finish to the St. Lawrence Seaway’s 2016 shipping season is expected as freighters deliver raw materials and exports for North America’s industrial and agricultural sectors before the waterway closes December 31. 'The St. Lawrence…
Samudera Indonesia has appointed Rickmers Shipmanagement, which belongs to the Rickmers Group, as the new Technical Manager of two supramax bulk carriers including their crewing. Samudera Indonesia is one of Indonesia’s largest liner companies…
Shipments of limestone on the Great Lakes totaled 2.5 million tons in November, a decrease of 16.8 percent compared to a year ago, the Lake Carriers’ Association (LCA) reported. November’s loadings were also 15.1 percent below the month’s five-year average…
The worst is over for the dry bulk shipping sector, after years when too many ships chased too little cargo, yet the extent of the lost business means a full recovery is still some way off, leading ship owners said on Wednesday. Dry bulk shipping…
The Chamber of Marine Commerce has appointed Robert Turner as Vice President, Operations effective January 3, 2017. Turner has experience both aboard ships and in federal government regulatory development and policy-making, which will…
GAC Dubai has broken ground on the site of its newest contract logistics facility that will bring its total capacity to more than 200,000 pallet positions serving customers active in the local and regional markets.Construction of the three…
The world’s largest single-deck bulk/log carrier, Olive Bay, arrived Thursday at The Northwest Seaport Alliance’s West Hylebos log terminal in Tacoma. The terminal, operated by Seattle-based Merrill & Ring Forest Products, welcomed Pacific Basin Shipping’s Olive Bay…
Dampskibsselskabet NORDEN A/S has hired Christian Vinther Christensen as new head of the Dry Cargo Department. Christian Vinther Christensen takes up his new position January 1, 2017 and becomes part of Senior Management reporting to CEO Jan Rindbo…
WWL recently became the first RoRo shipping company to transport heavy breakbulk cargo weighing more than 92 tonnes from Japan to the United States.Until recently, Japanese ports only allowed a maximum cargo weight of 92 tonnes including roll trailer…
Following the naming of its new cement carrier, MV Aotearoa Chief, in New Zealand yesterday, The China Navigation Company (CNCo) christened its last newbuild, MV Tunsin, on 16 November at the Imabari Shipyard in Japan.Tunsin is the 241st CNCo newbuilding and the 86th vessel in this series…
Shares of U.S. shipping companies shot higher again on Wednesday, causing volatility halts in a number of stocks and raising questions among investors and analysts over the extent of their sharp post-election rally. The jump in share prices…
At 104.9 million tons, total seaborne cargo throughput for the first three quarters of 2016, covering general and bulk cargo segments, was up 0.3 percent on the previous year.“Seaborne cargo throughput in the Port of Hamburg has stabilized…
The board of directors of the Chamber of Marine Commerce (CMC) has appointed Bruce R. Burrows as President, effective December 1, 2016. Burrows joins the Chamber as the bi-national industry association enters a new chapter, having recently…
“The Great Lakes St. Lawrence Seaway System saw a steady flow of traditional cargoes during the month of October,” said Betty Sutton, Administrator of the Saint Lawrence Seaway Development Corporation. “Last month, shipments of aluminum, steel…