The Baltic Exchange's main sea freight index rose on Thursday to its highest since December 2013, driven by demand for vessels shipping iron ore in the Atlantic, pushing capesize and panamax indices to multi-year highs.The Baltic index, which tracks rates for ships ferrying dry bulk commodities…
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Ausca Shipping Limited, Hong Kong, for one of its Panamax dry bulk vessels, the m/v Selina.The global shipping company specializing in the ownership of dry bulk vessels…
The fumigation of grain cargoes using certain pesticides, namely plant protection products, may not be effective in controlling insect larvae, resulting in cargo damage or loss.Javier Quintero Saavedra, head of HSE at Terminales Marítimos de Galicia (TMGA)…
Chinese customs is no longer permitting coal cargoes to enter the country at the ports of Jingtang and Caofeidian, said three coal traders, who were told by customs officials of the halt on Tuesday.Customs officials at the port of Jingtang, one of China's biggest coking coal import points…
The Baltic Exchange's main sea freight index hit a five-and-a-half-year high on Monday on the back of strong demand for capesize vessels shipping iron ore.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, rose 3.4%…
Norwegian shipowner 2020 Bulkers has reached time charter agreements for three of its newbuildings with Koch Supply & Trading, a subsidiary of Koch Industries.Bulk Sandefjord has secured a new 36 months time-charter at an index-linked rate, reflecting a premium to the Baltic 5TC index…
Navios Maritime Containers L.P. (NASDAQ: NMCI) appointed Erifili Tsironi as Chief Financial Officer of Navios Containers. Tsironi previously served as Co-Chief Financial Officer of Navios Maritime Acquisition Corporation since December of 2018…
GAC Denmark has opened a new branch in Kalundborg to better serve the needs of GAC’s global principals in the liquid bulk and other sectors.Located 100 km west of Copenhagen, Kalundborg is a key location for liquid and dry bulk cargo and larger projects for industry players such as Equinor…
Fednav Limited has announced that it has entered into a Development Services Agreement with CargoMetrics Technologies LLC, a maritime innovation company.Under this agreement, the two companies will work in collaboration to build systems and tools to optimize Fednav’s dry bulk fleet…
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Uniper Global Commodities SE, Düsseldorf, for one of its Ice Class Panamax dry bulk vessels, the m/v Atalandi.The global…
Kawasaki Kisen Kaisha, Ltd. ('K” Line), Taiwan Power Company (Taipower), U-Ming Marine Transport Corporation (U-Ming), and Kuang Ming Shipping Corporation (Kuang Ming) have agreed to establish a new joint venture shipping company, and jointly signed Memorandum of Understanding（MOU）in Taipei…
A new report says shipping companies failing to push for the critical technologies required to reduce their carbon footprint, such as emission-free ships.CDP, an international non-profit that drives companies and governments to reduce their greenhouse gas emissions…
NewbuildingMany Chinese companies have been stepping up in the bulker market with COSCO Shipping and Avic leasing placing orders at Chinese yards. Of the total 313 Bulkers ordered over the past year, nearly 40% have been Panamax vessels, demonstrating the hot market…
China's iron ore futures extended gains on Friday after touching a record high in the previous session, as concerns persisted over tight supply amid declining shipment from Rio Tinto and expectations of strong demand.Mining giant Rio Tinto on…
China's iron ore futures extended gains on Friday after touching a record high in the previous session, as concerns persisted over tight supply amid declining shipment from Rio Tinto and expectations of strong demand.Mining giant Rio Tinto on…