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Bulk Carriers

Euro Zone Trade in Goods Surplus Shrinks as Exports Drop

© Suttisak / Adobe Stock

Euro zone's surplus for goods traded with the rest of the world dropped in May as exports fell and imports increased, one month before United States' tariffs on European steel and aluminium kicked in, official data showed on Monday.The European Union's statistics office, Eurostat, said the 19-country currency bloc had a goods trade surplus of 16.

Fednav Adds 60th Owned Dry Bulk Vessel

Pic: Fednav Limited

 Canada's Fednav Limited takes ownership of a 60th bulk carrier, an important milestone in Fednav’s history. This vessel, the MV Federal Dee, is the latest in a series of 22 box-hold handysize bulk carriers of 34,500 deadweight tons ordered from Oshima Shipyard of Japan since 2013.   As the world’s

Cargo Ships De-listed After Crimea Grain Trades

© Paolo Pizzimenti / Adobe Stock

At least two countries have struck cargo vessels off their registries in recent weeks after the ships were involved in transporting grains from Crimea to Syria, maritime officials told Reuters.Crimea has been under Western sanctions since it was annexed from Ukraine by Russia in 2014 and has been frozen out of many export markets.

Thoresen Thai Agencies Sells Bulk Carrier

Thor Enterprise. © Juergen Braker,  Marinetraffic.com

 Thoresen Thai Agencies Public Company reported the sale of M.V. Thor Enterprise, a general cargo vessel with a rated capacity of 42,529 deadweight ton (DWT) built in 1995.   The Vessel was sold to a company which is not a connected person of the Company by Thoresen Shipping Singapore, a wholly owned subsidiary of the Company.

Shipping’s Half Year Report: Extra Classes Needed?

© donvictori0 / Adobe Stock

With the industry hoping for better “grades” after the “effort” of recent years, this week’s Analysis updates our half year shipping report showing a ClarkSea Index up 9% y-o-y but still below trend since the financial crisis (see Graph of the Week). After comments of “must do better” and “showing potential” in recent years,

Diana Shipping Signs TC Contract for m/v Maera with ST Shipping

Maera. Photo: Diana Shipping Inc.

 Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with ST Shipping and Transport, Singapore, for one of its Panamax dry bulk vessels, the m/v Maera.    The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$11,

Port Hedland Iron Ore Shipments to China Climb in June

© Adwo / Adobe Stock

Iron ore shipments to China from Australia's Port Hedland terminal rose 7 percent to 39.69 million tonnes in June from a month earlier, port data released on Tuesday showed.Total June iron ore shipments from the world's biggest export terminal for the steelmaking raw material totalled 47.29 million tonnes, compared with 44.

Seanergy Maritime Holdings Refinances Two Capesize Vessels

Photo: Seanergy Maritime Holdings Corp.

 Seanergy Maritime Holdings announced that it has successfully completed the refinancing of a previous loan facility secured by M/Vs Lordship and Knightship.   Both vessels are Capesize bulk carriers built in 2010 in South Korea, purchased by Seanergy in 2016. The original maturity of the Facility was December 2019.

Scorpio Bulkers Refinances Ultramax Vessel

File Photo: Scorpio Bulkers Inc.

 Scorpio Bulkers announced that the Company has entered into a financing transaction in respect of one of the Company’s Ultramax vessels with an unaffiliated third party.   As part of the transaction, the Company will sell a 2015 Japanese built Ultramax dry bulk vessel, SBI Echo, for a consideration of $19.

Lower Capesize Rates Halt Baltic Index Rally

© Poonsak Pornnatwuttikul / Adobe Stock

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, edged lower on Monday for the first time in eight sessions on lower capesize rates.The overall index - which factors in rates for capesize, panamax and supramax shipping vessels - fell 13 points, or 0.

Brazil May Import U.S. Soybeans due to U.S.-China Trade Spat

File Image (CREDIT: AdobeStock / © Igor Strukov)

Brazil, the world's largest soybean exporter, may have to import the oilseed from the United States this year to satisfy demand from local processors, an executive of exporters association Anec said on Thursday.   If China's demand for Brazilian soy rises due to a trade war with the United States,

Klaveness Combination Carriers Orders Fifth Carrier

Photo: Klaveness Combination Carriers

 Norwegian shipping company  Klaveness Combination Carriers (KCC) has declared an option for the construction of a combination carrier with Jiangsu New Yangzi Shipbuilding Co., Ltd in China.    The delivery date is scheduled for second quarter 2020. KCC already has four sister vessels under construction

Strong Capesize Demand Lifts Baltic Index

File Image: A loaded bulk vessel underway (CREDIT: Norden)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for the fourth consecutive session on Tuesday, propelled by higher demand for capesize vessels.   The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 54 points, or 3.

Diana Shipping Continues TC for m/v Polymnia With Cargill

Polymnia. Photo: Diana Shipping Inc.

 Diana Shipping announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Cargill International S.A., Geneva, for one of its Post-Panamax dry bulk vessels, the m/v Polymnia.    The global shipping company specializing in the ownership

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