Multipurpose shipping operator AAL announced it is expanding its European team, agency network and service capabilities. Its Hamburg team is bolstered with the appointment of Eike Muentz to General Manager Europe and Jan-Henrik Heyken to Senior Chartering Manager Europe…
Star Bulk Carriers Corp. agreed to acquire 16 vessels from entities affiliated with Augustea Atlantica SpA and York Capital Management in an all-share transaction. As consideration for the Vessel Acquisition, Star Bulk has agreed to issue approximately 10…
Star Bulk Carriers Corp announced that it has agreed to acquire 16 vessels from entities affiliated with Augustea Atlantica SpA and York Capital Management in an all-share transaction. As consideration for the Vessel Acquisition, Star Bulk has agreed to issue approximately 10…
German shipping group Oldendorff Carriers is stopping its business in Guyana, the company said on Friday, after the United States blacklisted Russian aluminum producer Rusal, which has a plant in the South American country.The United States…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, hit an over three-month high on Friday as a rally in the capesize vessel segment helped the index record its best week since August 2014.The overall index…
Several ships carrying cargoes of sorghum from the United States to China have changed course since Beijing slapped hefty anti-dumping deposits on U.S. imports of the grain, trade sources and a Reuters analysis of export and shipping data showed…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, jumped 7 percent for the second straight day to a six-week high, perked up by surging capesize rates.The overall index, which factors in rates for capesize…
Soya bean trade lanes may change due to the ongoing trade war. The shipping of soya beans from the US to China is one of the most significant ‘one commodity’ cargoes that may become affected by the trade war between the US and China.Soya bean…
Cargo moved by U.S.-flag Great Lakes freighters in March decreased 13 percent compared to a year ago, the Lake Carriers’ Association reported. However, the March float of 1.8 million tons topped the month’s five-year average by more than 15 percent…
BIMCO’s Market Analysis Team launches a graph section, where BIMCO members can get an overview of a specific sector and how the supply side of that sector develops. “We have structured the data and made it easily available through our website…
Year-to-date total tonnage for Port Houston through March is at 9.7 million, reflecting a 2 percent increase compared to the same period last year. Results showed that bulk material and steel were the primary drivers for the growth. “We continue…
Egypt will keep its ports running for 24 hours a day, up from 16 currently, in an effort to cut down on 'long waiting times' for shipments, Transportation Minister Hesham Arafat said on Wednesday. The extended port hours will not come at any added cost for shippers…
Russian aluminum giant Rusal has stopped placing orders with two logistics firms that ship its exports, executives with the firms said on Tuesday, in a sign of deepening problems for the company after it was hit by U.S. sanctions.Rusal and its major shareholder Oleg Deripaska were included on a U…
Algeria's government has temporarily reversed a ban on imports of some raw materials for its food industry after shortages hit local firms, the trade ministry said on Tuesday.Imports of the materials were prohibited in a ban on imports of 951…
Danish dry bulk carrier Thorco Bulk announced today it has been renamed Trithorn Bulk with immediate effect.“This is a natural development for our company. We wish to further strengthen our corporate identity and position in the market by taking a name that truly expresses what the three of us…