Bulk Carriers News


Can Ukraine's Grain Corridor Ease the Global Food Crisis?

Mar 15, 2023

Russia has proposed that a U.N.-backed initiative that has enabled grains to be exported from Ukraine's Black Sea ports should be renewed for just 60 days.The deal to free up grain exports from Ukraine's southern Black Sea ports, which expires later this month, has previously been renewed for 120 days and there are concerns a shorter extension could cause logistical issues.Reached in July last year…

Japan’s Dry Bulk Imports Fall 4%, says BIMCO

8 hours ago

“Having narrowly avoided a recession in the fourth quarter of 2022, the Japanese economy appears to be recovering. However, Japan’s demand for steel remains weak and as a result, the country’s bulk imports are estimated to have fallen by 4% y/y in the first quarter of 2023…

O'Connor Named COO at Interlake

Mar 28, 2023

Brendan P. O’Connor was recently named Chief Operating Officer (COO) of Interlake, a newly created role for the growing family-owned and operated fleet. Previously, O’Connor, a 27-year veteran of the company, held leadership roles as Vice President of Marketing and Marine Traffic…

"K" Line Bulk Carrier Corona Citrus to get "Seawing"

Mar 27, 2023

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) and Electric Power Development Co., Ltd. (J-POWER) decided to install the “Seawing”, an automated kite system using wind power, on Corona Citrus, an 88,000 DWT-type special coal carrier for J-POWER.Completed on September 11…

Soo Locks to Open March 25 for 2023 Shipping Season

Mar 20, 2023

The Great Lakes' 2023 shipping season will commence on March 25 with the opening of the Poe Lock at 12:01 a.m., the U.S. Army Corps of Engineers, Detroit District announced.The operating season is fixed by federal regulation and driven in part…

Vale Inks Deal with KDI Targetting Emission Reductions

Mar 16, 2023

After implementing the vessel-to-cloud Vessel Insight technology to Guaibamax Bulk Carriers in 2020, Vale, iron ore producer and charterer of one of the world’s largest fleet of ore carriers, has signed with Kongsberg Digital to install Vessel Insight on four Valemax vessels…

India Coal is Back in Business

Mar 01, 2023

India's coal industry celebrated the return of its major conference after a three-year pandemic hiatus by presenting a bullish view of demand, rising supply from new mines and strong demand for imports.'King coal is coming back and coming with a big bang…

Ukraine Urges UN and Turkey to Start Talks to Extend Grain Deal

Feb 28, 2023

Ukraine has sent an appeal to the UN and Turkey to start negotiations on extending a grain export deal, but so far there has been no response, a Ukrainian government source said on Tuesday.Yuriy Vaskov, Ukraine's deputy minister of restoration…

India Bans Oil Tankers, Bulk Carriers Older than 25 Years

Feb 28, 2023

India has withdrawn trading licenses for oil tankers and bulk carriers that are more than 25 years old, its shipping regulator said, as the world's third-largest greenhouse gas emitter looks to cut emissions and reduce the average age of its fleet…

A Toll of War: Ukraine’s Dry Bulk Exports Plunge 77.8%

Feb 22, 2023

“On Friday February 24, 2023, one year has passed since Russia’s invasion of Ukraine. During that year, dry bulk exports from Ukraine have dropped 77.8% compared to the same period a year earlier, causing a decline in global dry bulk volumes…

China Boosts Australian Coal Imports

Feb 21, 2023

Chinese utilities and traders have stepped up purchases of Australian coal in February, encouraged by signs of further policy relaxation after trade partially resumed last month following a two-year hiatus.In early January, Beijing gave permission to four government-backed firms…

Record Indian Wheat Harvest will not seen Benefit Global Supplies - BIMCO

Feb 08, 2023

“India is heading for the highest wheat harvest on record of 112 million tons this spring. However, exports will likely be limited in the coming year as the country is still recovering from last year’s poor harvest and is expected to focus on rebuilding its own wheat inventories…

Demand Wanes for Larger Dry Bulk Vessels

Feb 02, 2023

The Baltic Exchange's dry bulk sea freight index dropped to its lowest level in more than two years on Thursday, pressured by slowing demand for capesize and panamax vessel segments.The overall index, which factors in rates for capesize, panamax…

Iron Ore Dips as China Demand Uncertain

Jan 31, 2023

Iron ore futures fell on Tuesday, with the Dalian benchmark price pulling back from the previous session's contract high, as traders assessed demand in top steel producer China while also keeping an eye on regulatory risks.The steelmaking ingredient…

First Australian Coal Heads to China After End of Ban

Jan 31, 2023

China is set to receive at least two cargoes of Australian coal in early February, according to traders and shiptracking data, the first since an unofficial ban on imports in place since 2020 was lifted earlier this month.Coal traders will be…

Logistics News

Japan’s Dry Bulk Imports Fall 4%, says BIMCO

Japan’s Dry Bulk Imports Fall 4%, says BIMCO

Headwinds Hamper the Poseidon Principles

Headwinds Hamper the Poseidon Principles

BV Debuts Cyber Health Check Report Tool

BV Debuts Cyber Health Check Report Tool

Survitec Snags Cruise Contract for Nitrogen IG System

Survitec Snags Cruise Contract for Nitrogen IG System

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