The members of THE Alliance announced a contingency plan in the event a member of THE Alliance suffers a bankruptcy. The five member lines Hapag Lloyd, K Line, Mitsui OSK Lines, Nippon Yusen Kaisha and Yang Ming will establish an independent…
As the dry bulk fleet grew by 2.6 percent year on year in January 2017 it exceeded 800 million DWT. This was due to dry bulk demolition being half of what is was in January 2016, while total dry bulk deliveries reached its highest level since January 2013…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, ended higher for its sixth straight session on Wednesday, boosted by stronger rates across all vessel segments. The overall index, which also factors in rates for panamax…
The U.S. Coast Guard (USCG) has awarded Qualship 21 status to 30 bulk carriers owned and operated by Star Bulk Carriers Corp., the largest U.S. listed dry bulk operator. The Qualship 21 program rewards high quality ships sailing under qualifying flags…
Canadian ship owners and the St. Lawrence Seaway have spent an estimated $160 million on repair and infrastructure projects this winter, boosting the economic fortunes of communities throughout the Great Lakes, the St. Lawrence and east coast…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, closed at a 12-week high on Tuesday on stronger rates across all vessel segments, especially capesizes. The overall index, which also factors in rates for panamax…
China's determination to tackle its choking pollution by cutting steel and coal capacity should be a long-term negative for exporters of iron ore and coal to the world's biggest commodity importer, but the reality is likely to be far more nuanced…
Logistec Corporation subsidiary Logistec USA Inc. has signed a 10-year agreement with the Cleveland-Cuyahoga County Port Authority to operate the Cleveland Bulk Terminal as of April 2017. Cleveland Bulk Terminal handles dry bulk commodities…
Though overall cargo volume through the Port of Vancouver in 2016 decreased 1.8 percent to 136 million metric tons from 2015, sectors experiencing declines were offset by others that hit new records, including the bulk grain sector, according…
Shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 2,468,706 tons in January, an increase of 14.4 percent compared to a year ago, the Lake Carriers’ Association (LCA) reported. Shipments were 10.3 percent below the month’s 5-year average, howerver.
** Dry bulk shipper Golden Ocean's CEO Birgitte Ringstad Vartdal says industry now faces more positive outlook after market brutal downturn** Says demand is picking up, supported by increase in steel consumptions both in China and in the rest of the world…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, notched gains for the ninth straight session to end at a more than one-month high on Monday, helped by higher rates for panamax vessels.The index…
With the ClarkSea Index around $9,000/day, and many if not most of the major shipping markets under severe pressure, it’s hard to escape the conclusion that the shipping markets are a tough place right now, with limited pickings to share between owners…
Up to 20,000 tonnes of cocoa is rotting at Ivory Coast's ports and might not be sold as a wave of defaults by exporters has slowed buying, exporters and truckers told Reuters on Wednesday. The top cocoa producer's Coffee and Cocoa Council (CCC) acknowledged earlier this month that some firms…
U.S.-flag Great Lakes freighters (lakers) moved 2.1 million tons of dry-bulk cargo in January, a decrease of 125,000 tons compared to a year ago, according to the Lake Carriers’ Association (LCA). This January’s float was down nearly a quarter from the month’s five-year average…
