With the industry hoping for better “grades” after the “effort” of recent years, this week’s Analysis updates our half year shipping report showing a ClarkSea Index up 9% y-o-y but still below trend since the financial crisis (see Graph of the Week)…
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with ST Shipping and Transport, Singapore, for one of its Panamax dry bulk vessels, the m/v Maera. The global shipping…
Shipments of limestone on the Great Lakes totaled 4,052,994 tons in June, an increase of more than 17 percent compared to a year ago, the Lake Carriers’ Association reported.This June also represented the first month in which loadings topped 4 million tons since July 2015…
Iron ore shipments to China from Australia's Port Hedland terminal rose 7 percent to 39.69 million tonnes in June from a month earlier, port data released on Tuesday showed.Total June iron ore shipments from the world's biggest export terminal for the steelmaking raw material totalled 47…
Scorpio Bulkers announced that the Company has entered into a financing transaction in respect of one of the Company’s Ultramax vessels with an unaffiliated third party. As part of the transaction, the Company will sell a 2015 Japanese built Ultramax dry bulk vessel…
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, edged lower on Monday for the first time in eight sessions on lower capesize rates.The overall index - which factors in rates for capesize…
Global shipping company Star Bulk Carriers, announced that it has closed the previously announced acquisition of fifteen operating dry bulk vessels from Songa Bulk for an aggregate of 13.725 million common shares of Star Bulk and $145.0 million in cash…
German utility EnBW said on Friday it had enough stocks and rail transport options for the time being to secure coal deliveries from the Amsterdam-Rotterdam-Antwerp port areas while the river Rhine had low water levels. 'There are currently…
Brazil, the world's largest soybean exporter, may have to import the oilseed from the United States this year to satisfy demand from local processors, an executive of exporters association Anec said on Thursday. If China's demand for Brazilian soy rises due to a trade war with the United States…
Thyssenkrupp Chief Executive Heinrich Hiesinger said he would restructure the German industrial conglomerate further after signing a long-awaited deal to merge its steel assets with those of India's Tata Steel.The steel merger, which will create…
Norwegian shipping company Klaveness Combination Carriers (KCC) has declared an option for the construction of a combination carrier with Jiangsu New Yangzi Shipbuilding Co., Ltd in China. The delivery date is scheduled for second quarter 2020…
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Cargill International S.A., Geneva, for one of its Post-Panamax dry bulk vessels, the m/v Polymnia. The…
A vessel carrying over 70,000 tonnes of U.S. soybeans is expected to head towards Singapore after apparently offloading some of its cargo at the Chinese port of Tianjin, according to shipping data on Thomson Reuters Eikon The Aeolian Fortune…
Consistent high performance by the UK Ship Register has seen it rise four places in the world under standards set by the Paris Memorandum of Understanding (MoU).It means the UKSR is now fifth under an assessment based on the total number…
The service provided by container shipping lines has deteriorated since 2016 and is now seen by exporters, importers and freight forwarders as more problematic, according to the second annual shipper satisfaction survey of Drewry and the European Shippers’ Council (ESC)…