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Tuesday, November 24, 2020

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Nikumaroro

Posted to Maritime Musings (by Dennis Bryant) on December 21, 2010

Nikumaroro (previously known as Gardner Island) is a small coral atoll in the central Pacific Ocean situated just south of the Equator and just west of the 180th meridian. It lies in the Phoenix Island Chain and is part of the Republic of Kiribati.

Carriers warn Vale's big bulkers will dampen rates

Posted to Far East Maritime (by Greg Knowler) on December 9, 2010

The dry bulk shipping business is going through a tough time. It is an incredible 80 percent down on the market peak in May 2008, and rates have led carrier operators on a wild and volatile ride ever since. The industry is currently oversupplied with bulk carriers…