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Bulk Carrier Trends

Port of Los Angeles: Highest Cargo Numbers Ever Produce Lowest Emissions

File Image / the port of Los Angeles, CA (CREDIT: AdobeStock / (c) Ginton)

Emissions inventory shows 2016 was a banner year for green growth.   The Port of Los Angeles achieved record clean air gains while moving more cargo than ever, according to the Port’s 2016 Inventory of Air Emissions. Released today, the annual report also shows the Port surpassed its 2020 goal for

Port of Hamburg’s 2017 Volumes on Pace with 2016

© HHM/Dietmar Hasenpusch

At 70 million tons, first-half seaborne cargo throughput in Hamburg in 2017, including the general and bulk cargo segments, all but matched the previous year’s, being one-fifth of one percent (0.2 percent) lower. In the first six months of 2017 containerized general cargo throughput at 4.45 million

Grupo Argos Sells Port Company to Goldman for $136 Mln

(Photo: Compas)

Colombian holding company Grupo Argos has sold its 50 percent stake in a port operator to an investment fund administered by Goldman Sachs for about $136 million, Grupo Argos said in a statement on Monday.   Compania de Puertos Asociados S.A., called Compas, moves principally coal and cement through its ports in the Andean country.

Great Lakes Limestone Trade Up in July

© Jim Pintar / Adobe Stock

Shipments of limestone on the Great Lakes totaled 3.9 million tons in July, an increase of 15.4 percent compared to a year ago, the Lake Carriers’ Association (LCA) reported. July’s loadings were also slightly ahead of the month’s five-year average. Loadings from U.S. quarries totaled 3.16 million tons, an increase of 22.

Baltic Index Gains On Stronger Rates for Larger Vessels

© Wojciech Wrzesien / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday for the eleventh straight session, supported by higher rates for capesize and panamax vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 17 points, or 1.

V.Group Acquires Graig Ship Management

Alasdair Evitt, Group Director, Ship Management East, V.Group shakes hands with Hugh Williams, Chief Executive Officer, Graig Shipping Plc following announcement to employees in Cardiff and Shanghai (Photo: V.Group)

Marine and offshore vessel management and support services provider V.Group said it has acquired Graig Ship Management Ltd, part of Graig Shipping PLC, which has developed a reputation for new build supervision and ship management of dry bulk vessels.   This reputation, which has its roots as part

Baltic Index Rallies as Larger Vessel Rates Surge

© norinut / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, jumped more than 4 percent on Friday as demand for capesize and panamax vessels remained strong. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels,

Cargo Ship Runs Aground in Saint Marys River

The 629-foot cargo vessel Calumet sits hard aground in the St. Mary's River southeast of Sault Ste. Marie, Michigan, while a Coast Guard response boat - medium encircles the vessel, August 10, 2017. The vessel was heading to its next port of call in Brevort, Michigan when it ran aground. (US Coast Guard photo)

 The St. Marys River is closed to commercial vessels from the Soo Locks to 6 Mile Point, after a 629-foot U.S. cargo ship ran aground on the north side of Sugar Island, Wednesday, at about 11:40 p.m.   The merchant vessel, Calumet, departed Essar Steel in Sault Ste. Marie, Ont. and was transiting downbound on the St.

Baltic Index Surges on Strong Demand for Larger Vessels

(Photo: NORDEN)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, notched its biggest one-day percentage gain in five months on Thursday, buoyed by soaring demand for larger vessels.   The index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels,

Shipping Suspended in Turkey's Bosphorus

File Image (CREDIT: AdobeStock / (c) Artur)

Traffic in the Bosphorus Strait, an important international shipping lane for oil and grain, was suspended on Thursday morning, data from Turkey's coastal safety agency showed.   The suspension started at 8:45 a.m. (0545 GMT), the agency said, without giving a reason. It was due to end at 6:00 p.m.

Merchant Vessel Aground in Saint Marys River

A 629-foot U.S. cargo ship ran aground on the north side of Sugar Island in the St. Marys River, Wednesday at 11:40 p.m.    The merchant vessel Calumet departed ESSAR Steel in Sault Ste. Marie, Ontario and was transiting downbound in the St. Marys River to its next port of call in Brevort, Michigan, when it ran aground.

Vale Sells Two Large Ore Carriers for $178 Mln

Brazilian mining company Vale SA on Wednesday said it has sold two ships with a capacity to carry 400,000 tonnes of iron ore each for a total of $178 million.   The company said it received the payment on August 8 and that it is in talks to sell two remaining ships of the same class (VLOC, very large ore carriers).

Good, Bad or Ugly? China's Commodity Imports Conundrum

© Kyrylo / Adobe Stock

Were China's commodity imports in July a continuation of the trend of robust growth, a pause from the recent strength, or early signs of a slowdown?   When numbers aren't unequivocally pointing in the same direction it often becomes possible to interpret them in different ways.   Take the following

Dry Bulk Shipping Gets a Boost from US Coal -BIMCO

© Janis Smits / Adobe Stock

U.S. seaborne coal exports have turned years of negative growth around and seem to be climbing for a third quarter in a row. The increase in total volume is predominantly driven by a growing demand from European importers. East Asian buyers have also ramped up their import of U.S. coal, which is beneficial

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