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Bulk Carriers

CP Rail Workers Reject Contract, Resume Negotiations

File Image (CREDIT: AdobeStock / © Carolyn Franks )

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.   A strike by the estimated 3,000 workers

Baltic Index Marks Second Straight Weekly Decline

File Image (CREDIT: AdobeStock / © Lidian Neeleman)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Friday to mark a second straight weekly decline, as rates across vessel segments fell.   The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 32 points, or 2.

K Line Adds 'Corona' Series Coal Carrier "Corona Xanadu"

Image: Kawasaki Kisen Kaisha

 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” Line’s specialized fleet for transport of thermal coal known as the “Corona-series”.

Diana Shipping TC Contract for P. S. Palios with Koch

P. S. Palios. Photo: Diana Shipping Inc.

 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$17,350 per day, minus a 5% commission paid to third parties,

Bulk Shipping: Economics 101

© yaniv / Adobe Stock

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-long hangover that began with the financial collapse of 2008.

China and Shifting Seaborne Iron Ore Dynamics

Photo: © icarmen13/Adobe Stock

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, but in iron

Protests at Santos Port Impacting Flow of Goods

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, as well as the dispatch

Baltic Index Down for Fifth Straight Session

© hdcphoto / Adobe Stock

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, panamax and supramax shipping vessels, was down 34 points, or 2.

US Exports to China to Rise amid Trade Talks, but Volumes are Capped

© donvictori0 / Adobe Stock

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.S. trade war with China is "on hold" after the governments

The 'Grande Halifax' Christened in Halifax

From left, Andy Abbott CEO of ACL, Karen Oldfield and Costantino Baldissara. Photo:  Hafen Hamburg Marketing

 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.   A ceremony took place at Halterm/Autoport with the presence

Eniram Signs On LNG Powered Bulk Carrier Project

(Image: Arista Shipping)

The Project Forward initiative, which is led by Athens-based Arista Shipping, has produced an energy efficient dry bulk carrier vessel that features liquefied natural gas (LNG) propulsion.Finnish clean-tech software engineering company Eniram, a Wärtsilä company, said it has signed a Memorandum of Understanding

ADM CFO: Supply Chain Can be Managed Through U.S.-China Trade Tensions

File Image (CREDIT: AdobeStock / © Igor Strukov)

Global grain merchant Archer Daniels Midland Co (ADM)feels it can manage its supply chain to adapt to China's threatened tariffs on imports of U.S. soybeans, Chief Financial Officer Ray Young said on Wednesday.   The Chicago-based company is confident the world's two largest economies will "get through" the trade dispute,

Star Bulk Carriers Acquires Songa Bulk Fleet

Photo: Star Bulk Carriers Corp

 Greece-based dry bulk shipping firm Star Bulk Carriers has entered into definitive agreements to acquire 18 dry bulk vessels in two all-share transactions.    15 of the vessels will be acquired from Songa Bulk and three of the vessels will be acquired from Oceanbulk Container Carriers. The consideration

Fifth US Sorghum Vessel Heads to Spain

© Saydam / MarineTraffic.com

The RB Eden vessel carrying 70,000 tonnes of U.S. sorghum is heading to the Spanish port of Cartagena, Thomson Reuters Eikon ship-tracking data showed, in what will be a fifth cargo of U.S. sorghum to be diverted from China to Spain.The ship had sailed towards the Spanish Canary Islands after turning around in the Indian Ocean.

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