U-Ming Marine Transport Corporation, Taiwan’s largest publicly listed bulk carrier company, secured a 10-year liquefied natural gas (LNG) dual-fuel dry bulk charter contract with global mining company Anglo American.A fleet of four LNG dual-fuel Tier III 190…
Argentine grain port workers launched surprise strikes to protest stalled wage talks, their labor union said on Monday, delaying shipments from one of the world's top exporters.'We are going to make surprise halts as much as we consider it necessary…
China’s iron ore imports slipped 1.7% in October from a month earlier, but still hovered well above 100 million tonnes, official customs data showed on Saturday, propped up by firm demand at Chinese mills and shipments from major miners.The world’s top iron ore consumer imported 106…
The Baltic Exchange's main sea freight index, which tracks rates for capesize, panamax and supramax vessels, edged up on Friday on stronger rates for the capesize vessel segment.The Baltic dry index was up 2 points, or 0.2%, at 1,196.However…
The Baltic Exchange's main sea freight index fell to a more than four-month low on Tuesday as weak demand from China dragged down vessel rates across all segments.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels…
In a number of instances, charterers in the dry bulk sector have been preventing much needed crew changes from taking place during the period of the charter, despite the ship owner agreeing to accept the associated costs, says INTERCARGO, the…
The Baltic Exchange's main sea freight index, which tracks rates for capesize, panamax and supramax vessels, fell on Wednesday, pulled down by decreasing rates of capesize vessels.The Baltic index fell 29 points, or 2.1%, to 1,384.The capesize index slipped 88 points…
Cargill, one of the world's biggest charterers of ships, is working with technology partners to fit sails on vessels in its fleet to cut carbon emissions through harnessing wind power, the U.S. agribusiness group said on Wednesday.About 90%…
Following years of disruption to US soya bean exports due to the US-China trade war, the first seven weeks of the 2020/2021 marketing year, which runs from 1 September to 31 August, have seen the strongest exports ever. By October 15, 11.4 million tons of soya beans had been exported by the US…
Nicholas Georgiou has been promoted to Chief Executive Officer of ship owning and management business Lomar, its parent company the Libra Group announced. Georgiou has been Lomar’s Chief Operating Officer since 2010 and succeeds Achim Boehme…
China’s government is discussing permits for millions of tonnes of additional corn imports over the next year, three industry sources told Reuters, amid a surge in animal feed demand and after storms and drought damage tightened domestic supplies…
The Baltic Exchange's main sea freight index, which tracks rates for capesize, panamax and supramax vessels, rose on Friday, buoyed by an uptick in demand for capesize and panamax vesselsThe Baltic index rose 14 points, or 1%, to 1,415.However…
The Baltic Exchange's main sea freight index that tracks rates for ships carrying dry bulk commodities fell on Friday, registering its worst week in nearly three months, weighed down by weaker demand across vessel segments.The overall index…
Australia is investigating media reports that China has stopped taking its coal shipments, Prime Minister Scott Morrison said on Tuesday, adding that such import quotas to support China's market were 'not uncommon'.Trade industry reports late…
Some of the world's biggest commodities and energy players on Wednesday launched an initiative to cut and track emissions from the ships they charter as efforts intensify to reduce the maritime industry's carbon footprint.About 90% of world trade is transported by sea…
