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Bulk Carriers

Baltic Dry Index Rises to 1.5-year Peak

© sergeevspb / Adobe Stock

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose to 1-1/2-year peak on Monday as demand improved across vessel segments.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, added 47 points, or 2%, to 2,432, its highest level since September 2019.

Bureau Veritas Uses AI to Detect Corrosion During Bulker Inspection

(Photo: Bureau Veritas)

Bureau Veritas (BV) said it deployed its artificial intelligence (AI) solution in real survey conditions for corrosion detection during a hull inspection of a water ballast tank on a bulk carrier by an aerial drone. The test was conducted in partnership with the RIT operator, MaDfly Marine Drone Services Ltd, in Dunkirk, France.

Algoma Fined for US Dumping Violations

© Russ Milland / MarineTraffic.com

Canadian shipping company Algoma Central Corporation was fined $500,000 in the U.S. after pleading guilty to dumping wastewater into Lake Ontario.One of the Great Lakes operator's dry bulk carriers, the Algoma Strongfield, was built in China and delivered to Canada on May 30, 2017, by a crew from Redwise Maritime Services, B.

Great Lakes Iron Ore Trade Up Slightly in March

© Yogi / Adobe Stock

Iron ore shipments on the Great Lakes totaled 1.3 million tons in March, a near match to 2020. However, loadings trailed the month’s five-year average by 13.5%, according to the Lake Carriers’ Association (LCA).LCA, which represents the U.S.-flag Great Lakes fleet, said the iron ore trade stands at 3.

Baltic Dry Index Scales Over 1-year Peak

© Alexey Lesik / Adobe Stock

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose to its highest level since September 2019 on Thursday as demand strengthened across vessel segments.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, rose 145 points, or 6.

BHP Completes Its First Ship Refueling with Biofuel

Credit: BHP

BHP Group Ltd said on Thursday it completed its first refueling of a ship with biofuel this month in a trial run that is part of its efforts to reduce carbon emissions.It was also the first time that a ship has been refueled with biofuel in Singapore, the world's largest bunkering hub.A biofuel blend

Castor Maritime Buys Secondhand Bulk Carrier

© Massimiliano Daga / MarineTraffic.com

Cyprus-based shipping company Castor Maritime has purchased its ninth vessel of 2021.The Nasdaq-listed company said it paid $18.48 million through a separate wholly-owned subsidiary to acquire a 2011 Japanese-built Panamax bulk carrier from an unaffiliated third-party. The vessel is scheduled to be

China is Paying a High Price for Its Ban on Australian Coal

© chungking / Adobe Stock

China is paying a high price for its unofficial ban on coal imports from Australia, with the cost of domestic and alternative foreign supplies rising for both thermal and coking grades of the fuel.China, the world’s biggest importer, producer and consumer of coal, has effectively ended imports from Australia,

Hagland Orders Bulker Pair at Royal Bodewes

(Image: Hagland Shipping)

Norwegian shipowner Hagland Shipping said it has ordered two 5,000 DWT self-discharging bulk carriers from Dutch shipyard Royal Bodewes for scheduled delivery in the first half of 2023. Hagland, which has options for two additional vessels, said it will pay about NOK 280 million ($32.9 million) for the initial pair.

Oldendorff Orders Two Ultramax Bulk Carriers

(Photo: Oldendorff Carriers)

German shipowner Oldendorff Carriers revealed on Tuesday that earlier this year it ordered two 61,300 dwt Ultramax newbuilds from Dalian Cosco Kawasaki Ship Engineering Co Ltd (DACKS) for delivery July 2022.The 61,300 Ultramaxes are of the Kawasaki eco design, of which Oldendorff had previously built

Iskenderun Selects FASTAR Coating for Five Bulkers

Five Iskenderun bulk carriers will be the first hulls applied with Nippon Paint Marine’s new FASTAR antifouling. Pictured is the 32,178dwt Akdeniz-M (Photo: Nippon Paint Marine)

Nippon Paint Marine said it has secured a first reference for its new self-polishing antifouling paint FASTAR following an agreement with Turkey’s Iskenderun Ship Management to apply the coating to five bulk carriers scheduled to drydock in China this year.The Panamax ships Ata-M and Toros-M will drydock

New Great Lakes Bulk Carrier Delivered to Algoma

Captain Henry Jackman (Photo: Algoma Central Corporation)

Canadian shipping company Algoma Central Corporation announced Monday that it has taken delivery of its new dry bulk carrier Captain Henry Jackman from the Jiangsu Yangzi-Mitsui Shipbuilding Company in China.The vessel is expected to begin trading on the Great Lakes in late June following its transit from China to Canada via the Panama Canal.

Marubeni/Klaveness Pool Allowing Shipowners to Switch Between Floating and Fixed Rates

From left: Masashi Kobayashi, department manager of the ship department of Marubeni Corporation; Kosuke Takechi, COO of Marubeni Corporation; Lasse Kristoffersen CEO and president of Klaveness and Michael Jørgensen, head of dry bulk at Klaveness. (Photo: Klaveness)

Marubeni and Torvald Klaveness' joint venture panamax bulker pool is offering pool partners the option to convert freely between floating and fixed rate, at any given time, in line with forward market levels.The companies, which announced the merging of their panamax pool activities through the MaruKlav joint venture in June 2020,

Cocaine Seized From Bulker Anchored Near Annapolis

(Photo: CBP)

More than 44 pounds of cocaine was seized from a Marshall Islands-flagged bull carrier anchored in the Chesapeake Bay near Annapolis, Md., on Wednesday.The drugs were discovered during an early morning examination by officers and agents from the DEA, U.S. Customs and Border Protection, Homeland Security Investigations, U.

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