Hong Kong-headquartered dry bulk shipping company Pacific Basin announced Wednesday that Martin Fruergaard will take over as CEO, replacing longtime chief executive Mats Berglund, who has decided to retie. Fruergaard, the current CEO of Danish gas shipping company Ultragas…
BIMCO says the year 2021 has started strongly for the capesize market with 1,427 journeys completed or underway in the first 20 days of the year, a 10.4% increase compared to the same period last year, according to figures from VesselsValue…
Port Milwaukee finished 2020 with its highest annual cargo volume in the past seven years.Despite the unusual year's historic and unprecedented difficulties, including pandemic- and flooding-related challenges, overall tonnage for the municipal…
Proman Stena Bulk Ltd confirmed that steel cutting has commenced for its state-of-the-art IMOIIMeMAX methanol-fuelled 49,900 DWT vessel Stena Pro Patria, which is due for delivery in early 2022. Stena Pro Patria will be the first of the three…
The Baltic Exchange's main sea freight index dropped on Monday, as weaker rates for the larger capesize segment offset gains in panamax and supramax vessel rates.The Baltic dry index, tracking rates for capesize, panamax and supramax vessels ferrying dry bulk commodities…
The turbulence of the past year has in many ways clouded the underlying fundamentals in the dry bulk shipping market, but with 2020 now behind us, we are in a better position to establish an overview of expectations for 2021. Overall, total…
The North Carolina State Ports Authority announced it is expanding capabilities to better support the North Carolina agriculture industry through a partnership with Scoular.North Carolina Ports on Tuesday received approval from the North Carolina…
China's effective ban on imports of Australian coal is forcing a realignment of flows between the world's two biggest importers and two largest exporters.Indonesia and Australia dominate the global seaborne coal trade, with the Southeast Asian nation tops in thermal coal…
The Baltic Exchange's main sea freight index rose to its highest since October last year as capesize rates continued to firm.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was up 88 points, or 5%, to 1,849…
The Baltic Exchange's main sea freight index climbed about 10% to its highest level in three months on Monday as soaring coal demand from China continued to power capesize rates higher.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels…
After a highly volatile 2020, shipbroker Simpson Spence Young (SSY) looks at the next 12 months and highlights areas of particular interest in their 2021 Outlook Report. The report looks at various drivers of the shipping markets, including…
The Baltic Exchange's main sea freight index jumped about 11% to its highest in nearly three months on Friday as high Chinese coal demand drove up capesize rates.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels…
The Baltic Exchange's main sea freight index that tracks rates for ships carrying dry bulk commodities rose for a seventh session in a row on Thursday as rates firmed across all vessel segments.The Baltic dry index, which tracks rates for capesize…
Australia's trade surplus narrowed in November as China curbs on coal and farm goods took some steam out of exports, while a rebound in the domestic economy sucked in record goods imports.Other data out on Thursday showed Australia's property…
Scorpio Bulkers announced Wednesday that it intends to change its name to Eneti Inc. as the company plans its pivot from dry bulk shipping to offshore wind farm construction and services.The name change, which remains subject to approval at a February 3 shareholders meeting…
