Japanese shipbuilding major Tsuneishi Shipbuilding delivered the 500th newbuilding in long running bulker range the Tsuneishi Economical Standard Ship (TESS).The TESS64 Aeroline bulker Sarita was delivered to Ugland Shipping by Tsuneshi Heavy…
Seaborne coal trade around the world grew 0.7% last year, helped by higher output in China and Indonesia and more export activity by Indonesia, Australia, Russia and Canada, Germany's VDKI coal importers lobby said on Friday.Imports and exports…
Japanese shipbuilder Kawasaki Heavy Industries (KHI) has delivered the bulk carrier FJ Viola, with a capacity of 61,000 DWT, for F.J.Lines Inc. at the Dalian Cosco KHI Ship Engineering Co., Ltd. (DACKS).DACKS is located in Dalian City, China…
The Monaco-headquartered provider of marine drybulk transportation services Safe Bulkers Safe Bulkers has sold and leased back eight ships to refinance $105.2m in loans coming due in 2023 and 2025.The New York-listed bulker owner said that it will receive $158…
Diana Shipping through a separate wholly-owned subsidiary, it has entered into a time charter contract with Aquavita International S.A., for one of its Kamsarmax dry bulk vessels, the m/v Astarte.According a press release from the global shipping…
French trade unions blocked ports and disrupted power production on Thursday, searching for a way to force President Emmanuel Macron to ditch a planned pension overhaul as the impact of transport strikes weakens.Ferry services to Britain suffered…
Japanese shipping company Mitsui O.S.K. Lines (MOL) has begun operation of a new data platform called ‘Lighthouse’, to provide real time transport information to dry bulk shipping customers and stakeholders.The platform is a service that allows those involved in the transport process…
The US-based dry bulk carrier Eagle Bulk Shipping has joined industry group the Getting to Zero Coalition.The group is an alliance of over 90 companies within the maritime, energy, infrastructure, and finance sectors which are committed to the decarbonization of deep-sea shipping…
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Phaethon International Company AG, for one of its Panamax dry bulk vessels, the m/v Ismene.According to a press note…
The Baltic Exchange's main sea freight index fell to its lowest level since April on Monday, weighed down by weaker vessel demand across all segments.* The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities…
Singapore-headquartered provider of maritime transportation services in the drybulk and product tanker sectors, Grindrod Shipping Holdings is planning acquisition of an additional 33.25% stake in its IVS Bulk joint venture.'Grindrod Shipping is progressing negotiations to acquire all of the 33…
Global miner BHP Group may award contracts worth close to $1bln to companies bidding to build the world’s first fleet of bulk ships fueled by liquefied natural gas (LNG).According to a report from the Sydney Morning Herald, the contracts could…
The Baltic Exchange's main sea freight index declined for a 13th straight session on Friday, weighed down by declining rates across all vessel categories.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities…
The Baltic Exchange's main sea freight index slid for a 12th straight session on Thursday, hitting a six-month low, as reduced seasonal demand dragged down vessel rates across segments.* The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities…
One of the most worrying trends that has developed recently - which will affect shipping demand in the years to come - is the falling trade-to-GDP ratio. The falling ratio can be explained by slowing globaliztation as well as increasing protectionist measures being implemented around the world…