** 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…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Wednesday due to strengthening rates across all vessel segments.The overall index, which factors in rates for capesize, panamax…
Container throughput achieves 1.0 percent advance in 2016/ Setting a record result for seaport-hinterland rail transport with 2.4 million TEU. In 2016 Germany’s largest universal port achieved a turnaround in seaborne cargo throughput, reaching a total 138…
More than 2.2 million tons of cargo were handled by the Port of Indiana-Jeffersonville in 2016, completing the highest three-year total in the port's history. Over 7.4 million tons have been handled at the port since 2014. The 2016 total…
2016 ended for Wilh. Wilhelmsen with an improvement in transported volumes, which had a positive effect on total income for the fourth quarter. Adjusted for non-recurring items, WWASA also recorded an uplift in operating profit. Rate pressure continues…
Marking further consolidation in the breakbulk and project cargo sector, Rickmers Group said it has sold its business operations of Rickmers-Linie to ZEABORN. Rickmers-Linie GmbH & Cie. KG and MCC Marine Consulting & Contracting GmbH & Cie…
The Port of Indiana-Burns Harbor handled nearly 2.6 million tons of cargo in 2016, completing the highest three-year total in the port's history. Over 8.6 million tons have been handled at the port since 2014. Other 2016 highlights included a major expansion by Ratner Steel…
The U.S.’ top five trading partner countries for goods in 2016 were China, Canada, Mexico, Japan and Germany, according to full year 2016 U.S. international trade in goods and services data compiled by the U.S. Census Bureau and the Bureau of Economic Analysis…
The Panamax bulker trade is mainly a grains trade, especially soybeans, and is very volatile. And while it has previously been dominated by vessels moving cargos from Brazil to China, this route has been on a downtrend from a peak during the last quarter 2015…
Middle East and Asian port agencies Sharaf Shipping Agency and Ben Line Agencies have today (7 February 2017) announced the launch of a new global agency company for the wet and dry bulk shipping and commodity markets. Waterfront Maritime Services…
In January 2017, the Panama Canal set a new monthly tonnage record of 36.1 million Panama Canal tons (PC/UMS), with the transit of 1,260 ships through both the Expanded and original locks. The previous record was established the month prior…
