The Great Lakes' 2023 shipping season will commence on March 25 with the opening of the Poe Lock at 12:01 a.m., the U.S. Army Corps of Engineers, Detroit District announced.The operating season is fixed by federal regulation and driven in part…
After implementing the vessel-to-cloud Vessel Insight technology to Guaibamax Bulk Carriers in 2020, Vale, iron ore producer and charterer of one of the world’s largest fleet of ore carriers, has signed with Kongsberg Digital to install Vessel Insight on four Valemax vessels…
Russia has proposed that a U.N.-backed initiative that has enabled grains to be exported from Ukraine's Black Sea ports should be renewed for just 60 days.The deal to free up grain exports from Ukraine's southern Black Sea ports, which expires later this month…
India's coal industry celebrated the return of its major conference after a three-year pandemic hiatus by presenting a bullish view of demand, rising supply from new mines and strong demand for imports.'King coal is coming back and coming with a big bang…
Ukraine has sent an appeal to the UN and Turkey to start negotiations on extending a grain export deal, but so far there has been no response, a Ukrainian government source said on Tuesday.Yuriy Vaskov, Ukraine's deputy minister of restoration…
India has withdrawn trading licenses for oil tankers and bulk carriers that are more than 25 years old, its shipping regulator said, as the world's third-largest greenhouse gas emitter looks to cut emissions and reduce the average age of its fleet…
“On Friday February 24, 2023, one year has passed since Russia’s invasion of Ukraine. During that year, dry bulk exports from Ukraine have dropped 77.8% compared to the same period a year earlier, causing a decline in global dry bulk volumes…
Chinese utilities and traders have stepped up purchases of Australian coal in February, encouraged by signs of further policy relaxation after trade partially resumed last month following a two-year hiatus.In early January, Beijing gave permission to four government-backed firms…
“India is heading for the highest wheat harvest on record of 112 million tons this spring. However, exports will likely be limited in the coming year as the country is still recovering from last year’s poor harvest and is expected to focus on rebuilding its own wheat inventories…
The Baltic Exchange's dry bulk sea freight index dropped to its lowest level in more than two years on Thursday, pressured by slowing demand for capesize and panamax vessel segments.The overall index, which factors in rates for capesize, panamax…
Iron ore futures fell on Tuesday, with the Dalian benchmark price pulling back from the previous session's contract high, as traders assessed demand in top steel producer China while also keeping an eye on regulatory risks.The steelmaking ingredient…
China is set to receive at least two cargoes of Australian coal in early February, according to traders and shiptracking data, the first since an unofficial ban on imports in place since 2020 was lifted earlier this month.Coal traders will be…
WinGD and CMB.TECH announced plans to collaborate on a fleet of ammonia fuelled bulk carriers. The pair signed an agreement on the development of ammonia-fuelled two-stroke engines, aiming to install the ammonia dual-fuel X72DF engine on a series of ten x 210…
Ukraine's grain harvest is likely to fall to 35 to 40 million tonnes in 2023, including 12-15 million tonnes of wheat and 15-17 million tonnes of corn, a senior analyst and producer said on Monday.Alex Lissitsa, CEO of the IMC agriculture company…
2023 has so far been a disappointment for the dry bulk shipping sector, despite hopes that a quick economic recovery in China would boost iron ore demand,. During the first three weeks of the year, iron ore shipments fell 13.1% year on year…