US exports have been relatively robust in a backdrop of a moribund global economy, but slowing growth means that President Obama’s ambitious plan to double outbound trade in five years will fall short.In his first State of the Union speech in January 2010…
Ports America issued a release stating that it has made several promotions within the company.Ports America promoted Steve Loevsky, formerly vice president-cruise operations division, to vice president operations – auto, ro-ro and cruise…
The UK P&I Club issue information for members whose vessels call at the remote Alaskan port on the Arctic Circle.Red Dog is a port established specifically to support the associated Lead and Zinc mine. It is a very remote location of Alaska and there are no services…
It has been an active week in the shipbuilding market, especially in the dry bulk sector, according to Clarkson Hellas's 'Weekly S+P report'.Apart from a single Panamax order and declaration of some Capesize options, ordering has been primarily…
The Baltic Exchange advises panellists that with the prevalence of 'slow steaming' they should assume that if steaming at 12kts laden/13kts ballast, Capesize vessels will consume 44 tonnes per day (NDAS).The London market exchange has provided…
Hamburg Bulk Carriers (HBC) has ordered three 43,500 dwt bulk carriers plus options for 9 more from Qingshan Shipyard.The buyerss add that two and a half years of work was invested into this project to build up to 12 bulk carriers of about 43…
Excel Maritime Carriers, owners & operators of a large fleet of dry bulk carriers, become the latest casualty of the downturn in the shipping industry, but sets financial plans for recovery.The company says t has reached an agreement in principle…
Afai Southern shipyard visited by Dutch diplomat, and elsewhere, Chengxi Shipyard gets order for 2 bulk carriers.Mr. Karel Hartogh, Director of Department of Asia and Oceania at Ministry of Foreign Affairs, Netherlands and Ms. Anne Luwema…
Dry bulk trade grew by an impressive 7% in 2012 with steam coal proving to be the saviour of the freight market, which otherwise would have seen a complete bloodbath, according to Drewry's latest 'Dry Bulk Forecaster'.Steam coal trade increased…
Reported ordering has been focussed primarily on smaller sizes with Handysize and Supramax seeing the majority of orders.According to the recently released Clarkson Hellas S&P Weekly Bulletin, Japanese yards appear to have had their fair share of the orders with JMU Yokohama contracting two 61…
Golden Ocean Group agrees to buy two 'resale' ice class Panamax vessel built at India's Pipavav Defence & Offshore Engineering Company.The company will take delivery of the vessels ex yard, the first vessel at the start of June and the second vessel during second half of 2013…
COSCO Corporation (Singapore) subsidiariary shipbuilder in China has delivered two bulk carriers.COSCO (Zhoushan) Shipyard has delivered the 189.99 meters LOA and 32.26 meters in breadth, 57,000 dwt Handymax bulker Ocean Lady to its unnamed European owner…
UK P&I Club, Lloyd's Register and Intercargo have produced a pocket guide & checklist for ship's officer and agents who arrange cargoes for loading.The P&I Club explains that when bulk cargoes shift, liquefy, catch fire or explode as a consequence of poor loading procedures…
When bulk cargoes shift, liquefy, catch fire or explode as a consequence of poor loading procedures, the consequences can be massive. Ships may capsize, lose stability or sustain severe structural damage. Such happenings enhance the risks and occurrence of death…
During April, 2013 new build prices for capesize, kamsarmax and ultramax vessels rose higher than in the previous month. Purchase prices for ships are often good indicators of financial health in the shipping industry. When shipping demand is expected to grow more than the supply of ships…
