Bulk Carriers News

 

Ukraine Expands Ship War Insurance with Marsh & Lloyd's to Iron Ore, Steel

Mar 01, 2024

Insurance broker Marsh and Lloyd's of London underwriters have expanded a marine war insurance program backed by Ukraine from grain shipments to all non-military cargo, such as iron ore and steel, Marsh said on Friday.Marsh, Lloyd's and Ukrainian state banks launched an initial program in November to cut the cost of claims for damage to ships and crew transporting grain through the Black Sea corridor…

Consortium Forms North Pacific Green Corridor

Apr 16, 2024

Global industry leaders from North America, Asia and Europe have announced the formation of the North Pacific Green Corridor Consortium (NPGCC) whose members and partners will work together to decarbonize the value chain for commodities between North America and Asia…

Great Lakes Iron Ore Trade Up 25.5% in March

Apr 03, 2024

Shipments of iron ore on the Great Lakes totaled 1.6 million tons in March, an increase of 25.5% compared to 2023, according to latest figures published by trade group the Lake Carriers’ Association (LCA). Loadings also topped the month’s 5-year average by 47…

Season's First 'Saltie' Calls Port of Duluth-Superior

Apr 01, 2024

The first 'saltie' of the 2024 Great Lakes shipping season entered the Port of Duluth-Superior on Monday,Oceangoing vessels that visit the Great Lakes are called 'salties'.This year, the first to call the Port of Duluth-Superior is the Portuguese-flagged Barbro G…

China Grain Imports Near Record High

Mar 21, 2024

Cereal and oilseed imports to China, the world's biggest buyer of farm goods, will remain near record highs this year despite a recent spate of cancellations as lower global prices and a domestic output shortfall prompt purchases.China's wheat…

Brazil Eyes Exports via China-Controlled Chancay Port

Mar 14, 2024

Brazil is interested in exporting soy, corn and other products through Peru's China-controlled Chancay port, Peruvian Economy Minister Jose Arista said on Thursday, according to state news agency Andina.Brazilian Planning Minister Simone Tebet visited the port…

New US Sanctions More Likely to Curb Indian Imports of Russian Coal

Mar 01, 2024

New U.S. sanctions on Moscow are more likely than previous ones to cut Indian imports of thermal coal from Russia because they specifically cite top exporters SUEK and Mechel, three major traders of Russian coal said.Russia, historically a minor exporter of the fuel to India…

Panama Canal Does Not Plan Transit Restrictions Before April

Feb 07, 2024

The Panama Canal sees no need for further vessel transit restrictions until at least April, when its authority will evaluate water levels at the end of the dry season, Deputy Administrator Ilya Espino told Reuters.A severe drought last year…

New Gravity Self-Unloading System Launched

Feb 06, 2024

MacGregor, part of Cargotec, has launched a new and augmented gravity self-unloading system that it says will allow bulk carriers to deliver a wider variety of cargo, in greater volume.The new system, the MacGregor GravityVibe, deploys a patent…

New Mechanism Planned for Ukraine Black Sea Grain Exports

Feb 04, 2024

Turkish President Tayyip Erdogan will discuss a new mechanism to allow Ukrainian grain exports through the Black Sea with his Russian counterpart Vladimir Putin during his upcoming visit to Turkey, Foreign Minister Hakan Fidan said on Sunday…

US-flag Great Lakes Shipping Up 6.5% in 2023

Jan 31, 2024

Cargo volumes moved by U.S.-flag Great Lakes freighters in 2023 increased 6.5% compared to 2022, according to latest figures from trade group the Lake Carriers’ Association (LCA).The 81.4 million tons of cargo transported by the U.S. laker fleet 2023 was 1…

Ukraine's Black Sea Grain Export Success Tested by Red Sea Crisis

Jan 24, 2024

Ukraine has managed to boost its Black Sea grain exports to a level not seen since before Russia's invasion, although the Red Sea shipping crisis poses a new challenge to its crucial agricultural trade.Kyiv's success in replacing a UN-backed…

New Handymax for Nova Marine Carriers

Jan 24, 2024

Nova Marine Carriers, the Lugano-based group, controlled by the Romeo and Gozzi/Bolfo families, has taken delivery of a new 38,593 dwt handymax vessel, built in 2019, in Shanghai, acquiring it from a Japanese group.This is the Iris Harmony, renamed Sider Harmony…

Baltic Dry Index Marks Worst Week Since 2008

Jan 12, 2024

The Baltic Exchange's dry bulk sea freight index slid on Friday as its worst week since 2008 came to an end with rates across vessel segments languishing at multi-month lows.The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels…

Baltic Dry Index Edges Down as Demand for Smaller Vessels Slips

Jan 03, 2024

The Baltic Exchange's dry bulk sea freight index eased on Wednesday, as falling rates for panamax and supramax vessels overshadowed gains in the capesize segment.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels…

Logistics News

Cavotec Bags $5 Million Shore Power Order

Cavotec Bags $5 Million Shore Power Order

Ships Docked as Striking Greek Workers Protest Over Rising Costs

Ships Docked as Striking Greek Workers Protest Over Rising Costs

Animal Welfare Groups Call For Live Sheep Export Ban Timetable

Animal Welfare Groups Call For Live Sheep Export Ban Timetable

ONE Launches Green Shipping Solution ONE LEAF+

ONE Launches Green Shipping Solution ONE LEAF+

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