A full range of risk awaits Vale’s new transport strategy. Are they on the right course? Vale do Rio Doce, the second largest mining company in the world, is facing various challenges in 2012. These include low iron ore prices in the international market…
Christening of the “Caroline Oetker” and the “Ida Oetker” in ShanghaiOn Saturday, 19 May 2012, A.O. Schiffahrt celebrated the christening of the Kamsarmax bulk carrier Caroline Oetker at the yard of Taizhou Catic Shipbuilding, near Shanghai…
Positive Outlook as St. Lawrence Seaway Opens the 2012 Season. The steel and construction industries pushed the demand for North American commodities such as iron ore, stone and cement, and provided the 2012 shipping season with a solid start…
VSTEP delivers crane simulator for EMO, the largest transshipment terminal for coal and iron ore in Western Europe.For EMO, the largest transshipment terminal for coal and iron ore in Western Europe, VSTEP created a crane simulator for preparation…
HSBC reminds UAE forum of growing importance of MENA (Middle East, North Africa) & China trading corridorsTrade corridors between China and the MENA region carry huge economic growth potential for businesses, offering the greatest prospects…
The Board of Directors of CMB met pursuant to the provisions of the Belgian Code of Companies relating to the existence of conflicts of interest and authorized the company to acquire the dry bulk assets of Delphis on the basis of current market values…
BMT JFA Consultants, a subsidiary of BMT Group Ltd, the leading international maritime design, engineering and risk management consultancy, has successfully completed a series of long term engineering consultancy services for the Southdown Magnetite Project…
Star Bulk Carriers Corp. (Nasdaq: SBLK) announced that one of its vessels, the STAR POLARIS, sustained bottom damage when entering the port of Eregli, Turkey. Following a survey of the damages, the vessel proceeded for permanent repairs to Daewoo Mangalia shipyard in Romania…
Star Bulk Carriers Corp. (Nasdaq: SBLK) has entered into an agreement to sell the Star Ypsilon, a 150,940 dwt Capesize vessel, built 1991, to a third party for a contracted sale price of $9.12 million. The Company plans to deliver the vessel to the buyers within March 2012…
Excel Maritime Carriers Ltd. (NYSE: EXM), an owner and operator of dry bulk carriers and an international provider of worldwide seaborne transportation services for dry bulk cargoes, entered into new period charter agreements for yet another two of its vessels…
Sennebogen accelerates turnaround, reduces costs in Charleston port with supersized electric drive scrap handler. The port facility receiving scrap metals for the nearby steel mill is now unloading barges and filling haul trucks 25% faster with its SENNEBOGEN 880 R-HD material handler…
DY4001 is the lead ship of the CROWN 63 series, a series of 63,500-DWT bulk carriers, which recently completed its sea trial items made its return voyage on February 17. According the shipyard, the vessel’s speed trial was proven beyond its design prediction and met all the guarantee…
Excel Maritime Carriers Ltd. (NYSE: EXM), an owner and operator of dry bulk carriers and an international provider of worldwide seaborne transportation services for dry bulk cargoes, has entered into four new period charter agreements for four of its Kamsarmax vessels…
Vale uses Logmarin to develop the world’s largest floating bulk terminal. Genoa-based Logmarin Advisors, part of the RINA Group, has enabled Brazil’s Vale SA to convert the Ore Fabrica (the former VLCC Front Duchess) into the world’s largest transhipment vessel…
Drewry Maritime Research’s latest edition of its Dry Bulk Forecaster pulls no punches in its assessment of a market that looks certain to continue hitting dry bulk shipowners hard.Tonnage supply hit a massive 605 million dwt at the end of 2011…
