China's buoyant exports pushed its trade surplus to a record in July, fuelling optimism global demand will help counter pressure on the domestic economy from a weakening property sector.While manufacturing appears to have picked up in the world's second-largest economy…
Eagle Bulk Shipping filed for bankruptcy on Wednesday, the latest in a string of shipping companies to make a Chapter 11 filing, and said it reached agreement with its lenders to cut its debt by $975 million.The U.S. company said in a statement…
The CSL Group, a global company in marine dry bulk cargo shipping and handling, today released its new Corporate Sustainability Report, featuring highlights of its 2013 sustainability performance and progress.The inaugural report available…
International Shipholding Corporation (ISC) has announced financial results for the quarter ended June 30, 2014, summarized here:Net Losshe Company reported a net loss of $664,000 for the three months ended June 30, 2014. For the comparable three months ended June 30…
One sign of change in Iran as it works toward a nuclear deal with world powers is the way it is feeding itself, with private grain firms beginning a slow return to their traditional role as major food commodity importers.Iran was never barred…
Patrick Hughes has joined Ports America Stevedoring as breakbulk sales director with responsibilities for coordinating and driving customer satisfaction, business development and market growth. Hughes will report to Ports America Stevedoring Vice President Breakbulk Chris Smith…
The American P&I Club has added to its library of e-learning modules released in cooperation with IDESS IT in the Philippines. The new module covers compliance with The Code of Practice for the Safe Loading and Unloading of Bulk Carriers (BLU Code)…
Grains inspectors who began a strike on Wednesday in Argentina's pivotal Rosario export hub will extend it for a second day if there is no progress on their demand for higher salaries, a senior union official said.Other unions are also threatening labor actions…
New titles addressing bulk carrier operations and cargo liquefaction are among a series of new modules being introduced by computer-based training specialist, Seagull AS.Introduction to bulk carriers and Liquefying cargos are the first in…
Industry veteran and former Rio Tinto SSI trustee representative Alastair Fischbacher to take the helm at the Sustainable Shipping Initiative.The Sustainable Shipping Initiative (SSI), a coalition of companies from across the global shipping…
Over the past three years, DELO Group, a Russian private transport company, has implemented an investment program, including rail and other adjacent port infrastructure, construction of stevedoring and inland storage terminals for oil products…
This annual review of trends and developments in shipping losses and safety looks back at 2013 in terms of shipping losses (of over 100 gross tons) by location, type of vessel and cause and also examines future challenges and key risks. Tim Donney…
Outside investors and other variables change the way that shipping firms manage risk. Investable assets include ships, freight and even the hedging of bunkers.'Shipping is now an investable asset,” was an important observation by analyst Tyler Rosenlicht…
Seizing opportunities in a rapidly changing marketThe global shipping industry is no stranger to challenge or change. With responsibility for delivering 90% of global trade, it has had to continually demonstrate an ability to adapt. Now, with…
Chinese shipbuilder on the SGX Main Board Yangzijiang Shipbuilding Holdings Limited announced that it has secured a shipbuilding contract for four 260,000DWT very large ore carriers (VLOC).The shipbuilding contract was secured from an Australia…
