Bulk Carrier Trends
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the ninth consecutive session on Friday, weighed down by lower rates for larger vessel segments. The overall index — which factors in rates for capesize, panamax, supramax and handysize shipping vessels — fell 25 points, or 2.
Nexiot AG is customizing its zero-maintenance smart sensor system for Bertschi Group’s tank containers, to monitor the temperature of dangerous goods and help ensure safe delivery of consignments. The data is then sent to a control system, enabling Bertschi Group to monitor the temperature of the product in the tank,
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for an eight straight session on Thursday as rates for panamaxes and smaller vessels slipped, even as capesize rates strengthened. The overall index, which factors in rates for capesize, panamax,
Hunter Maritime Acquisition Corp. said it has entered into definitive agreements pursuant to which it has agreed to purchase, for an aggregate purchase price of $139.4 million in cash, five identified Capesize dry bulk carriers in an en-bloc transaction from five Cyprus-based companies affiliated with
Newly appointed Baltic Exchange Chief Executive Mark Jackson has set out the Exchange’s vision of the near-future in a wide-ranging speech in Singapore during the concurrent MPA Singapore Maritime and Singapore Iron Ore Weeks. “The recent acquisition of the Baltic Exchange by the Singapore Exchange
The UK P&I Club’s Loss Prevention Department, in conjunction with the IMCS Training Academy, advises on the importance of hatch cover maintenance: “Whether a ship’s hatch covers are weathertight is a seemingly simple question that should have a “Yes” or “No” answer. However, coming to the right conclusion is not as easy as may initially be assumed,
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday on weaker rates for panamaxes and smaller vessels, even as rates for capesizes rose. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels,
After the Baltic Dry Index (BDI) had its seasonal weakness around the Chinese New Year in early February, stronger-than-expected demand came from across the board and lifted freight rates, says BIMCO market analysis of Dry Cargo. This brought earnings into profitable levels for a couple of days, as the BDI passed 1,282 on 27 March 2017.
On April 14, newly constructed coal carrier Isuzu Maru was delivered at Oshima Shipbuilding Co. Ltd. in Saikai, Japan. The new vessel will be operated by NYK Bulkship (Asia) Pte. Ltd., an NYK group company located in Singapore, for the transport of coal for JERA Trading Singapore Pte. Ltd., a coal trading corporation owned by JERA Co.
The M/V Mesabi Miner has sailed from Fincantieri Bay Shipbuilding Company in Sturgeon Bay, Wis., becoming Interlake Steamship Company’s fourth self-unloading bulk carrier to be outfitted with exhaust gas scrubbers. Interlake became the first U.S.-flag fleet to test freshwater scrubbers on the Great
Dry bulk vessels owner Scorpio Bulkers Inc. said it has entered into a time charter-in agreement with an unrelated third party on one Ultramax vessel. The agreement is for two years at approximately $10,125 per day with an option to extend the agreement for one year at approximately $10,885 per day.
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the sixth consecutive session on Tuesday on lower rates for larger vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, shed 16 points, or 1.
Dry bulk vessels owner and operator Seanergy Maritime Holdings Corp. has appointed Ioannis “John” Kartsonas as a member of its board of directors, effective May 4, 2017. Kartsonas has more than 18 years of experience in finance and commodities trading. He is currently the Principal and Managing Partner of Breakwave Advisors LLC.
At approximately 7:45 p.m., Monday, the captain of the bulk carrier Tamar reported that a second crewmember was killed from an onboard explosion. The New York Air National Guard’s 106th Rescue Wing pararescuers arrived on board the Tamar at about 9:30 p.m., after deploying from their HC-130 with