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Bulk Carriers

Chinese Steel Mills Chase Iron Ore Contracts with Brazil's Vale

© Fotosenmeer / Adobe Stock

Chinese steel mills and traders are rushing to secure long-term contracts for high-quality iron ore ahead of winter steel output cuts, a boon for the main supplier of such grades of the commodity, Brazilian mining giant Vale.China, the world's biggest consumer of the steelmaking ingredient, needs higher-quality,

WE Tech Equips World’s First Dual-fuel Handysize Bulker

The first LNG dual-fueled handysize bulk carrier in the world, M/V Haaga, features a range of energy efficiency solutions on board (Photo: ESL Shipping)

The world’s first liquefied natural gas (LNG) dual-fueled handysize bulk carrier, M/V Haaga, was delivered from Chinese shipbuilder from Jinling Shipyard in Nanjing to Finnish shipowner ESL Shipping, in August.The first-of-its-kind vessel features innovative solutions from Finnish hybrid solutions company WE Tech,

Olmsted: Online & Open

A USACE rendering of the Olmsted lock area infrastructure (Credit: US GAO)

After more than 30 years of frustratingly slow progress, cost overruns and more than a few mistakes, Olmsted is finally poised for success. That’s something to celebrate.It is official: The U.S. Army Corp of Engineers (USACE) wants Olmsted operational by October. After more than 30 years, the ribbon

Diana Shipping Signs TC Contract for m/v Artemis with Ausca

Image: Diana Shipping Inc

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Ausca Shipping Limited, Hong Kong, for one of its Panamax dry bulk vessels, the m/v Artemis.The global shipping company specializing in the ownership of dry bulk vessels said in

Baltic Index Eases on Weaker Capesize Rates

© Anatoly Menzhiliy / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships ferrying dry bulk commodities, was weighed down on Monday by weaker demand for the capesize vessel segment.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, shed 9 points, or 0.7 percent, to 1,357 points.

New Report Highlights Positive Impact of Illinois International Port District

The Illinois Port District

The Great Lakes Seaway Partnership announces the release of Economic Impacts of the Port of Chicago, a report documenting the many contributions made by the Illinois International Port District (IIPD) and Great Lakes Seaway Shipping to the City of Chicago, Cook County, State of Illinois and Great Lakes region.

Baltic Index Dragged Down by Weaker Capesize Rates

(Photo: Eric Haun)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the fifth consecutive session on Friday as the capesize vessel segment marked its largest weekly decline in 16 weeks.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 16 points, or 1.

Genco Acquires Three Bulk Carriers

Genco has sold the 1999-built Genco Progress as part of its fleet renewal plan (© Sergei Skriabin / MarineTraffic.com)

Dry bulk shipping company Genco Shipping & Trading Limited said it has taken delivery of three 2016-built bulk carriers and sold off older tonnage as part of its fleet renewal strategy.The New York based company has taken delivery of two 180,000 dwt Capesize vessels as well a 60,000 dwt Ultramax vessel in September 2018.

Port Hedland Iron Ore Shipments to China Jump

© Adwo / Adobe Stock

Iron ore shipments to China from Australia's Port Hedland terminal rose nearly 10 percent in August from a month earlier, port data released on Monday showed.Iron ore shipments to China from the world's biggest iron ore port totalled 35.5 million tonnes in August, up from July's 32.4 million tonnes, according to the Pilbara Ports Authority.

Mitsui E&S Shipbuilding Bags Order for Three Post Panamax Bulkers

Image: Mitsui E&S Shipbuilding

Japanese shipbuilder Mitsui E&S Shipbuilding has developed "neo 87BC", an 87,000 DWT Post Panamax bulk carrier of next generation eco ship, and has received an order of 3 units.Mitsui E&S Shipbuilding has developed "neo series" vessels which is a line-up of next generation eco-friendly ships until today.

Eagle Bulk Orders up to 37 Scrubbers

(File photo: Eagle Bulk Shipping)

Dry bulk shipowner Eagle Bulk Shipping announced this week it will purchase up to 37 exhaust gas cleaning systems, also known as scrubbers, from an undisclosed manufacturer as part of its strategy to comply with new regulations that limit ships’ sulphur emissions from 2020.The U.S.-headquartered shipowner

Capesize Rates at 7-week Low as Baltic Index Falls

File Image: CREDIT AdobeStock / © Lucasz Z

Capesize rates marked its lowest in 7-weeks as the Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Wednesday.The overall index, which factors in rates for capesize, panamax and supramax vessels, shed 23 points, or 1.4 percent, to 1,661 points.

Gibdock Completes Complex BWTS Retrofit

The 34,500dwt bulk carrier Zambesi recently underwent a month-long overhaul program at Gibdock (Photo: Gibdock)

Gibraltar-based Gibdock has been gearing up to meet increased shipowner demand for ballast water treatment system (BWTS) retrofits and has recently completed a complex BWTS retrofit on board the 179m, 34,500dwt bulk carrier Zambesi.The 2013-built, DNV GL classed vessel, owned by Hamburg-based John T.

Navios Taps Bryan as COO

Navios Maritime Holdings Inc. has hired Cargill's dry bulk trading head Jeremy J. Bryan as chief operating officer of Navios Corporation, effective as of February 1, 2019.Bryan, who worked at Cargill International S.A. since 1992, has served in various positions during his tenure there, most recently as global head of dry bulk trading,

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