Dry Cargo
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Bulker resale contract values take a hit
London: The Baltic Dry Index may have shown some slight improvement this week, but data shows the dire state of…
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New Philippine dry bulk terminal
Manila: Seasia Nectar Port Services Inc (SNPSI), a joint venture between Seasia Logistic Philippines Inc and the UK’s Nectar Group,…
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Norden lowers rates in struggling bulk market
Copenhagen: Following dialogue with a number of large Japanese owners Denmark’s Norden has managed to work out savings in relation…
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Diana Shipping fixes two capes to Rio Tinto
Athens: Rio Tinto Shipping (Asia) has timechartered the capesize bulk carriers Semirio and Sideris GS from New York-listed Diana Shipping.…
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Bulker lay-ups possible, says Navios
Athens: The worst dry cargo shipping market in 30 years could lead to increased lay-up of vessels, Angeliki Frangou, chairman…
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Dry cargo market sends carriers on the road to ruin
London: China’s Winland Ocean Shipping last week filed for filed for Chapter 11 bankruptcy protection in the US, another casualty…
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Weak dry market threatens small shipbroking companies
London: The weak dry cargo shipping market is threatening the earnings of smaller shipbroking companies, which are growing increasingly concerned that…
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China’s Ministry of Transport gives valemax verdict
Beijing: In China’s post-valemax ban era, the Ministry of Transport has released design details of new 400,000 dwt bulk carriers…
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Glencore extends timecharter of Diana Shipping panamax
Athens: Glencore Grain (Rotterdam) has extended its timecharter of a panamax bulker operated by New York-listed Diana Shipping. The Arethusa (73,593…
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Poultry group takes over Pan Ocean
Seoul: A new dawn has crowed for one of South Korea’s largest shipping lines. Pan Ocean has been bought out…
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Zhongchang Marine to transfer subsidiary’s equity
Shanghai: Zhongchang Marine has announced that the company is to transfer 100% equities of its subsidiary Zhongchang Marine Shanghai and…
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Visakhapatnam port set to handle Panamax vessels
Mumbai: The steam coal berths at Visakhapatnam port are all set to receive Panamax dry bulk carriers at the inner…
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Masterbulk turns 20
Singapore: Yesterday saw shipowner Masterbulk celebrate its 20th anniversary. Founded in Singapore as the shipowning entity for the dry bulk…
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Bulker runs aground off Greece, crew rescued
Athens: Bad weather has caused a Cyprus-flagged bulker to run aground off the Greek island of Andros, the Greek coastguard…
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Another all-time low for the Baltic Dry Index
London: The Baltic Dry Index today reached 553 points, which is the second time in three days that the index…
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APSEZ commissions Kandla bulk cargo terminal
Mumbai: Adani Ports and Special Economic Zone (APSEZ), an arm of the diversified Ahmedabad-based Adani Group has announced the commissioning…
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Major owners form Capesize pool
Athens: Major vessel operators Bocimar International, C Transport Maritime, Golden Union Shipping, Golden Ocean and Star Bulk Carriers have formed…
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Baltic Dry Index reaches historic low
London: The Baltic Dry Index (BDI) today reached 559 points, its lowest level on record, and analysts say the index…
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Anglo-Eastern boss predicts continued softness in dry bulk market
Kolkata: Sea freight for dry bulk cargo like coal and fertiliser is expected to remain soft for the next couple…
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Hyundai Glovis wins Qatari contract
Doha: Hyundai Glovis, the logistics subsidiary of Korea’s Hyundai Motor Group, has won a $100m shipping service contract with a…
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