DryShips, a diversified owner and operator of ocean going cargo vessels, announced that it has agreed to acquire one 2013-built Newcastlemax drybulk carrier and one 2017-built Suezmax tanker, each constructed in China. The vessels will…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Tuesday to a six-week low as rates across vessel segments fell.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels…
Canadian Pacific Railway conductors and locomotive engineers on Friday rejected the company's latest contract offer, with their union saying negotiations would resume and raising the prospect of another possible strike at Canada's second-largest railroad…
The port stakeholders and experts in the supply chain of the Asia-Pacific zone have renewed their trust to HAROPA for the 6th time (HAROPA is the 5th North-European port complex grouping together the ports of Le Havre, Rouen and Paris): HAROPA…
Kawasaki Kisen Kaisha (“K” Line) is proud to announce the delivery of “Corona Xanadu,” an 88,000 DWT-type special coal carrier at Shin Kasado Dockyard of Imabari Shipbuilding Group Japan on May 23, 2018. Corona Xanadu is same type as “K”…
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping, Singapore, for one of its Capesize dry bulk vessels, the m/v P. S. Palios. The gross charter rate is US$17…
GRUPO ETE enabled the largest Portuguese clinker export ever, to its client Cimpor - an InterCement company – by concluding the loading of 55,902 metric tons on the bulk carrier Vinayak, bound for Ghana.This export operation, completed in a record time…
Supply and Demand in the bulk transport sectors will define the course line ahead. Less ships and more cargo will be the key.The drybulk sector – where iron ore, coal, grain and other raw materials dominate – is still wrestling with a decade…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the sixth straight session on Tuesday, dragged down by lower demand for capesize vessels.The overall index, which factors in rates for capesize…
The RB Eden vessel carrying 70,000 tonnes of U.S. sorghum turned around just before reaching the Spanish port of Cartagena and is now heading to Singapore, Thomson Reuters Eikon ship-tracking data showed.This marks the second U-turn for the…
The seaborne iron ore market appears to be in something of a sweet spot currently, with largely steady demand and prices that have been flatlining for the past couple of months.Of course, another way of saying that a market is enjoying relatively stable and good times is that it's boring…
Protests by truckers in Brazil demanding a reduction in diesel prices have impacted the flow of goods at Santos, Latin America's largest port, the port administration said on Monday.Santos port authority said the protests have restricted the arrival of goods to several terminals…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the fifth-straight session on Monday as capesize vessel rates remained weak.The overall index, which factors in rates for capesize…
China has pledged to buy more U.S. goods to reduce America's huge trade deficit and help avoid exacerbating a trade war between the world's two biggest economies, with energy and commodities high on Washington's list of products for sale.The U…
The Pure Car & Truck Carrier Grande Halifax, owned and operated by the Grimaldi Group, has been christened yesterday in Halifax, New Scotia. Godmother of the new vessel was Ms. Karen Oldfield, President and CEO of the Halifax Port Authority…
