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Bulk Carrier Trends

Containership Scrapping: Sizing Up The Suspects…

Graph: Clarksons Research

 Last year saw a record level of boxship demolition, and this rapid pace of scrapping was sustained into early 2017 with a record monthly level of boxship recycling recorded in January and nearly 0.2m TEU scrapped so far this year, Clarksons Research reported.   Boxship demolition in 2017 is currently projected to reach record levels,

Baltic Index Rises to Over 4-month High

© Volodymyr Kyrylyuk / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, closed at its highest level in more than four months, helped by stronger rates across all vessel segments.   The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, ended up 44 points, or 3.

Baltic Index Inches Up on Firmer Panamax Rates

Photo: FotoFlite / DS Norden

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, edged up on Thursday as panamax rates increased. The overall index, which also factors in rates for capesize, supramax and handysize vessels, closed up 6 points, or 0.5 percent, at 1,196 points. The panamax index jumped 51 points, or 4.

Capsized Cargo Ship Refloated in Sweden

(Photo: Ardent)

Ardent salvage crews used a parbuckling method to right and refloat the cargo vessel, M/V Sternö, which was loaded with 1,400 tons of grain when it suffered a collision and rested on a jetty structure with a 54-degree list.   Ardent crews were mobilized in late February 2017, completed the operation and delivered the vessel on March 22.

Indonesia Port Graft Investigation Disrupts Coal Exports

© pingvin57 / Adobe Stock

Indonesia is cracking down on corruption and widespread graft at some of its top coal export hubs, disrupting shipments to destinations across Asia.   Indonesia is the world's top exporter of thermal coal, still the main feedstock for global power generation. Interruptions to coal's output and shipment

Shipping Confidence Steady despite Industry, Political Pressures

© Federico Rostagno / Adobe Stock

Shipping confidence held steady in the three months to end-February 2017, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens.    In February 2017, the average confidence level expressed by respondents was 5.6 out of 10, unchanged from

St. Lawrence Seaway Navigation Season Open

The U.S. Saint Lawrence Seaway Development Corporation (SLSDC) and the Canadian St. Lawrence Seaway Management Corporation have jointly marked the opening of the Seaway’s 59th navigation season.   The official opening ceremony of the binational waterway took place on March 20 at the St. Lambert Lock

Clean Shipping on the Great Lakes

Photo: The Interlake Steamship Company

Maritime Reporter & Engineering News recently spoke with Mark Barker, president of The Interlake Steamship Company, who has sent its fourth vessel — its second 1,000-footer — to be outfitted with exhaust gas scrubbers. After seriously pursuing the possibility of converting its ships to run on liquefied natural gas (LNG) several years ago, U.

O’Hollaren Named Port of Portland Marine Marketing Director

Ken O’Hollaren (Photo: Port of Portland)

The Port of Portland has hired Ken O’Hollaren to lead the Port of Portland’s marine marketing efforts, starting March 20, 2017.   O’Hollaren previously served as the executive director of the Port of Longview and the Port of Port Angeles, and brings more than 25 years of experience in the maritime industry to the role.

Bahri Opens Office in Houston

(L-R) Ricky Kunz, Chief Commercial Officer, Port of Houston Authority; Eng. Ibrahim Al-Omar, Group CEO, Bahri; Sultan Al Angari, Consul General of Saudi Arabia in Houston; and Steven Blowers, Country Manager, Bahri Logistics (America) (Photo: Bahri)

Bahri has opened its second North American office in Houston, home to one of the country’s largest breakbulk and general cargo ports.   The new location is Bahri’s second in North America, following Bahri Logistics (America), which has been operating out of Bahri’s U.S. headquarters in Baltimore since 1992.

Bulkcarrier Fleet Growth In Limbo?

Graph: Clarksons Research

 The pace of bulkcarrier fleet growth has fallen sharply since 2010, when the fleet grew by a record 17%, says a Clarksons Research report.   In 2016, the supply side response to difficult market conditions saw the bulker fleet grow at the slowest pace so far this century, while current projections

Double-digit Cargo Growth at Georgia Ports

In February, the Port of Savannah moved 330,539 twenty-foot equivalent container units. (Photo: Georgia Ports Authority / Stephen B. Morton)

The Georgia Ports Authority saw its busiest February ever for total cargo, moving 2.94 million tons across all docks last month - a 10 percent increase over February 2016, and second only to January's 3.01 million tons.   Container tonnage was a leading factor in the growth, expanding by 14.4 percent (314,832 tons) to more than 2.

Robust Capesize Vessel Rates Buoy Baltic Index

File photo: Star Bulk

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for the 14th straight session on Monday as capesize rates strengthened. The overall index, which also factors in rates for panamax, supramax and handysize shipping vessels, climbed 9 points, or 0.

GE Shipping Buys New Vessel

Photo: The Great Eastern Shipping Co. Ltd

 The Great Eastern Shipping Company Limited (G E Shipping) signed a contract to buy a Supramax Dry Bulk Carrier of about 52,450 dwt.    The 2006 built vessel is expected to join the Company’s fleet in Q1 FY18.   The Company’s current fleet stands at 43 vessels, comprising 28 tankers (11 crude carriers,

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