Breakbulk cargo volumes have been declining over the past years, and with commodities like coffee and cotton continuing to move to containerized transport, breakbulk terminal operators are looking to stay in the game. To win new clients and satisfy current customers…
Cooper Specialized Handling, supplier of port equipment in the UK, has secured contracts with a total value of £6 million ($7.7 mln) with Associated British Ports (ABP) for the supply of five Mantsinen hydraulic cranes. The five contracts include an order for the 200M…
Baltic Exchange on Monday named Mark Jackson, a former Chairman and Director, to replace Chief Executive Officer Jeremy Penn. Baltic Exchange shareholders earlier approved an 87 million pound ($112 million) takeover by Singapore Exchange for one of London's oldest institutions…
The Association of Bulk Terminal Operators has warned that cargo liquefaction – an issue commonly associated with the seaborne transportation of unprocessed mineral ores and concentrates – is also an issue which bulk terminals need to pay attention to…
Egypt has reversed its controversial zero-tolerance policy on the common grains fungus ergot, the government said on Wednesday, backtracking on an import regulation that had all but blocked its access to global wheat. Egypt, the world's largest buyer of wheat…
Global container terminal operators are changing gear – and strategies – as the nature of their market environment changes markedly due to slowing growth, bigger ships and larger liner alliances. Drewry’s latest Global Container Terminal…
China's coal producers have sought government approval for a plan to increase output, sources said on Thursday, partially reversing efforts to cut capacity that has sent prices soaring and depleted domestic stockpiles this year. The State…
Hong Kong flagged bulk carrier Five Stars Fujian has been banned from Australian ports for 12 months once it was discovered that the vessel lacked sufficient provisions for its intended voyage and the crew had not been paid in several months…
Shipments of limestone on the Great Lakes totaled 3,365,999 tons in August, a decrease of 13.5 percent compared to a year ago, according to the Lake Carriers’ Association (LCA). August’s loadings were also 8 percent below the month’s five-year average…
The dry bulk commodity imports into and exports out of China we have seen in the first half of 2016 are very positive – and nothing short of extraordinary. But, putting it into perspective, compared to the devastating freight rate levels over the same period…
U.S.-flag Great Lakes freighters (lakers) moved 9.85 million tons of cargo in July, a decrease of 9.5 percent compared to a year ago, the Lake Carriers’ Association (LCA) reports. The July float was also 9 percent below the month’s five-year average…
Hamburg-based ship management company E.R. Schiffahrt is expanding its strategic partnerships with international clients and shipping lines. For Nippon Yusen Kaisha (NYK) – one of the largest shipping companies in the world with nearly 800 vessels…
Fednav Limited announced that effective September 10, Paul Pathy will assume responsibility as the sole Chief Executive Officer of Fednav Limited and of Fednav International Ltd (FIL).Since 2010, Paul and Mark Pathy have successfully led Fednav Limited as co-CEOs…
In contrast to an international downturn, French port Marseille Fos has reported exceptional results for July with 7.8 million metric tons of cargo and 387,000 passengers – up by 18.6 percent and 13 percent respectively on the same month last year…
The Q4 bounce – a seasonal staple of the dry bulk markets – looks likely for Capesize and Panamax segments, but the effects may be limited. Independent research and consultancy firm Maritime Strategies International (MSI) is forecasting a fourth quarter bounce in dry bulk market earnings…