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Bulk Carriers

Baltic Index Ticks Upward

© mrnai / Adobe Stock

The Baltic Exchange's main sea freight index climbed on Monday, as demand for capesize and panamax vessels rose.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, was up 35 points, or 2.6%, at 1,385.The Baltic capesize index rose 91 points, or 4.

Armed Guard Hijacks Bulk Carrier

© V. Tonic / MarineTraffic.com

U.S. based shipowner Eagle Bulk Shipping said a security incident involving a disgruntled armed guard hijacking one of its vessels has been resolved without injuries. The Marshall Islands-flagged bulk carrier Jaeger embarked three security guards in the Indian Ocean on July 21, before sailing toward the Red Sea,

Australia Bans Another Bulker Over Unpaid Wages

TW Hamburg (Photo: AMSA)

A Liberian-flagged bulk carrier has been banned from Australian ports for 12 months after authorities discovered that seafarers onboard were underpaid, had expired employment agreements and were requesting repatriation. The 93,229 dwt TW Hamburg is the second bulker to recently be banned from Australia for crew underpayment,

Baltic Index Snaps 7-day Losing Streak

© Alexey Lesik / Adobe Stock

The Baltic Exchange's main sea freight index rose on Wednesday, after declining for seven consecutive sessions, as rates for larger capesize and panamax vessels bounced back after a series of declines.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize,

Large Bulk Carrier Grounds in Mauritius

Wakashio.jpg

The large 203,130 dwt bulk carrier Wakashio has run hard aground in an environmentally sensitive area off the east coast of Mauritius, on Saturday evening.The 300-meter, Panamanian-flagged vessel was sailing under ballast without cargo through a major shipping lane in the Indian Ocean when it went off

Australia Bans Marmaras Bulker for Underpaying Crew

© Darren Hutton / MarineTraffic.com

A Liberian-flagged bulk carrier Agia Sofia has been banned from Australian ports for six months after authorities discovered seafarers on board were being underpaid.Australian Maritime Safety Authority (AMSA) inspected the 82,045 dwt panamax bulker at Hay Point in Mackay on Saturday after receiving

Baltic Index Hits Over One-month Low

© Val Traveller / Adobe Stock

The Baltic Exchange's main sea freight index dropped to a more than one-month low on Thursday, dragged down by weakness across all vessel segments.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, fell 85 points, or 5.

Paranaguá Port Resumes Grain Loading After Fire

© Igor Strukov / Adobe Stock

The Port of Paranaguá, Brazil's second busiest for soybean and sugar cargoes, is gradually resuming grain export operations after a fire that affected conveyor belts at two terminals, according to a statement from the port authority on Wednesday.Operations remain halted at the two affected terminals,

Video: Bulk Carrier Crew Member Medevaced in the Gulf of Mexico

(Image: U.S. Coast Guard)

An ailing crew member has been medevaced from a bulk carrier 230 nautical miles south of New Orleans, Tuesday, the U.S. Coast Guard said.Coast Guard District Eight watchstanders received a request at 4:05 a.m. for the medevac of a 53-year-old man showing signs of a possible heart attack.District watchstanders

Iron Ore Under Pressure as China Port Stockpiles Grow

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Iron ore futures slipped on Monday on rising port inventory of the steelmaking ingredient in China, though optimism over prospects of strong domestic steel demand for the rest of the year kept losses in check.The Dalian Commodity Exchange's most-traded September iron ore contract closed down 0.3% at 817 yuan ($116.

Oldendorff Presses on With Its Newbuild Program

(Photo: Oldendorff)

German shipowner Oldendorff Carriers says it has recently taken delivery of two new bulk carriers, continuing a string of newbuild deliveries from Chinese and Japanese shipyards.The 63,000 tdw Ultramax Britta Oldendorff and 100,000 tdw Post-panamax Diane Oldendorff, both built by Japanese yard Oshima

Baltic Index Inches Up on Rising Capesize Rates

© Björn Wylezich / Adobe Stock

The Baltic Exchange's main sea freight index edged up on Friday, helped by rising rates for capesize vessels.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, rose 11 points, or about 0.6%, to 1,710.The Baltic capesize index rose 54 points, or 1.

Norwegian Bulker Receives Unique Propulsion Upgrade

Kryssholm (Photo: Per Rydheim)

The Norwegian bulk carrier Kryssholm will soon be able to take on new assignments thanks to a customized propulsion upgrade by the SCHOTTEL Modernization and Conversion Team. Comparatively small installation effort will yield great advantages, such as increased maneuverability and lower environmental impact.

US Great Lakes Ports See Mixed Impacts from COVID-19

Fraserborg loading wheat bound for Italy at the Riverland Ag Corp. terminal in Duluth, Minnesota, on June 15, 2020. (Photo: Duluth Seaway Port Authority)

U.S. Great Lakes ports reported mixed results in June with aluminum, road salt and grain shipments holding strong despite the coronavirus pandemic, while shipments of commodities related to steel production and manufacturing have continued to slide.Additionally, the St. Lawrence Seaway reported that from April 1 to June 30, nearly 11.

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