International dry bulk shipping company Clipper Group has launched a comprehensive restructuring involving a large number of layoffs, especially at the company's Copenhagen headquarters.The dry bulk carrier announced a series of initiatives…
Kirby Corporation announced net earnings attributable to Kirby for the first quarter ended March 31, 2019 of $44.3 million, or $0.74 per share, compared with earnings of $32.5 million, or $0.54 per share, for the 2018 first quarter. Excluding certain one-time charges…
Coal exporters suffered a poor April with seaborne volumes dropping from the previous month amid slack demand, but the overall picture for the industry so far this year isn't quite as gloomy as it may appear.April is not traditionally a strong…
Demolition of dry bulk ships in the first four months of 2019 was 120% higher than in the same period of 2018. Much of this increase comes from demolitions of Capesize ships, up from 1.1m DWT between January and April 2018 to reach 3.4m DWT in the first four months of 2019…
Port Manatee has enjoyed the busiest first fiscal half in its nearly 50-year history, shattering several key cargo records for the six-month period ended March 31.The Central-Southwest Florida Gulf Coast port has achieved new first-half highs…
BIMCO's Peter Sand, in a new report, weighs in on the implications for the Dry Bulk sectors.Chinese imports of iron ore keep falling, while its crude steel production keeps growing. China’s increased use of scrap metal for its production of…
Countries in Asia, led by Indonesia, are increasingly relying on shipping containers to transport their purchases of U.S. soybeans, according to an analysis of federal data released by the Illinois Soybean Association (ISA).The number of soybeans…
The Bahamas Maritime Authority (BMA) announces the appointment of Captain Dwain E. Hutchinson as its Managing Director and Chief Executive Officer. Captain Hutchinson succeeds Commodore Davy F. Rolle, who stepped down as Director last year.Captain Hutchinson is a proud Bahamian from Nassau…
If you were looking for evidence that China's economy has lost momentum, you may be tempted to think that you've found it in the unimpressive growth, or lack thereof, in imports of major commodities in the first quarter.Customs data for the…
Australia's Pilbara Ports Authority (PPA) has delivered a total monthly throughput of 50.3 million tonnes (Mt) for the month of March 2019, which was a 13% decrease compared to the same month in 2018.During March 2019, Tropical Cyclone Veronica closed the Port of Port Hedland for 92…
Associated British Ports (ABP) said that its Port of Silloth has handled the first delivery of wood pulp for its new customer, Futamura Group, a Japanese manufacturer of cellulose and polymeric films for the packaging industry who have a major production site in Cumbria…
Netherlands-based maritime transport solutions provider Royal Wagenborg said that its vessel m.v. Alaskaborg completed a special voyage from the Baltic to the Far East.The 15,750 DWT geared vessel from the Wagenborg fleet combined a bulk cargo and project cargo in both box-shaped holds…
The Northwest Seaport Alliance’s February container volumes reached 269,199 twenty-foot equivalent units (TEUs), a 4.1 percent decrease from last year. Despite the dip, the year-to-date container volumes are up 10.9 percent, with imports and exports growing 10…
The Port of Durban has noted growth in volumes in the container, liquid bulk and dry bulk sectors in 2018, according to recent data released by Transnet National Ports Authority (TNPA).Container volumes in the Port of Durban ended 9.5% higher…
The international shipping company specializing in the ownership of dry-bulk vessels Castor Maritime announced that, through a wholly-owned subsidiary, it has entered into a time charter contract with Oldendorff Carriers GMBH & Co KG Luebeck for its Panamax vessel Magic P…
