Bulk Carriers News


Great Lakes Limestone Trade Up 11% in July

Aug 09, 2021

Shipments of limestone on the Great Lakes totaled 3.8 million tons in July, an increase of 11% compared to a year ago, according to the Lake Carriers’ Association (LCA). The trade was a near match to the month’s 5-year average.Loadings from U…

Capesize Rates Hit Highest Since Mid-May

Aug 05, 2021

The Baltic Exchange's main sea freight index rose on Thursday on stronger vessel rates, with capesizes at a near three-month peak.The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose by 58 points…

Great Lakes Iron Ore Trade Up 61.8% in July

Aug 04, 2021

Shipments of iron ore on the Great Lakes totaled 5.7 million tons in July, an increase of 61.8% compared to a year ago, according to the Lake Carriers’ Association (LCA). Shipments were 3.2% above the month’s five-year average.Year-to-date the iron ore trade stands at 26…

Dalian Iron Ore Futures Jump on Strong Demand Hopes

Aug 03, 2021

Benchmark iron ore futures in China rose more than 3% on Tuesday, after five straight sessions of declines fuelled by speculations of a relaxation in steel output controls.'Affected by the notice of rectifying campaign-style carbon reduction efforts…

Baltic Dry Index Eases on Capesize, Panamax Slide

Aug 02, 2021

The Baltic Exchange's main sea freight index dipped on Monday on losses in the large and medium-sized vessel segments.The index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, inched 10 points lower…

Ports of New Orleans, Caddo-Bossier Work Together to Move Cargo on the Mississippi

Jul 22, 2021

The Port of New Orleans (Port NOLA) discharged 300 steel coils on June 10, 2021, to barge at Coastal Cargo breakbulk and heavy-lift terminal at the Louisiana Ave. Complex that were transported to the barge from the SK Shipping Star Challenger…

Low River Water Levels Choke Argentine's Ag Exports

Jul 15, 2021

Ships leaving the Argentine agricultural ports hub of Rosario on the Parana River are having to reduce cargos by thousands of tonnes due to low water levels, the local head of logistics said on Wednesday, amid growing environmental concerns…

Ivory Coast's Cocoa Bean Stocks Pile Up as Port Deliveries and Exports Slow

Jul 15, 2021

Deliveries of cocoa beans to Ivory Coast's two main ports have slowed in recent weeks as an energy crisis hit industries in the world's top cocoa-growing nation, exporters and cocoa cooperative officials said on Thursday.A lack of shipping containers…

Parched Argentine River Cuts Into Grains Exports

Jul 15, 2021

Ships leaving the Argentine agricultural ports hub of Rosario on the Parana River are having to reduce cargos by thousands of tonnes due to low water levels, the local head of logistics said on Wednesday, amid growing environmental concerns…

Chinese Regulators Eye Irregularities in Spot Iron Ore Trading

Jun 21, 2021

China's state planner, the National Development and Reform Commission (NDRC), said on Monday it and the market regulator are jointly looking into the iron ore spot market and have pledged to crack down on hoarding and speculation.The move comes…

Baltic Dry Index Snaps Seven-session Winning Streak

Jun 18, 2021

The Baltic Exchange's main sea freight index snapped a seven-session winning streak on Friday as capesize rates declined, but was up for the second straight week.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels…

Diamond Bulk Taps Inmarsat's Fleet Data Premium Solution

Jun 17, 2021

Inmarsat's Fleet Data provides data acquisition, processing, uploading, and interface links between engine and Nautilus Labs’ fleet optimization solution so that Mitsubishi Ore Transport and Diamond Bulk Carriers reap rewards of big data without hardware expense…

If EURO2020 was Decided by Shipping-related Factors, Who Would Win?

Jun 10, 2021

The European Football Championship is on the verge –and kicking off on Friday June 11. Therefore, BIMCO’s shipping number of the week had to be football-infused today. Adding extra topping to this sporting feast is the fact that the 2021 Copa America starts at the same time…

Baltic Dry Index Slides for 10th Straight Session

Jun 08, 2021

The Baltic exchange's main sea freight index slipped for the 10th straight session on Tuesday, pressured by a decline in capesize rates.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities…

China's Imports Grow at Fastest Pace in a Decade

Jun 07, 2021

China's imports grew at their fastest pace in 10 years in May, fueled by surging demand for raw materials, although export growth slowed more than expected amid disruptions caused by COVID-19 cases at the country's major southern ports.While…

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