Indonesian coal exports fall 18 percent in first seven months
Exports of coal from Indonesia from January to July witnessed a steep decline by 18 percent to 186.8 million tons from a year earlier as weakening global economy has sapped demand, the China Mining...
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Bancosta says its too early for dry bulk optimism
The depressed dry bulk shipping market has seen a modest recovery since the beginning of the year, spurred by a push for demolition of older tonnage and a slowdown in ordering new tonnage. A total of...
View ArticleDry bulk recovery at least three years away, says Platts
The currently crippled global dry bulk freight market is expected to take at least three years to hit the road to recovery, according to the majority of industry players surveyed by Platts. The Platts...
View ArticleGolden Ocean posts quarterly net loss of US$33.5 million
Norway based dry bulk shipping company Golden Ocean Group Limited (GOGL) posted a net loss of US$33.5 million for the second quarter compared with a loss of US$15.3 million for the preceding quarter....
View ArticleCMES establishes subsidiary to operate Valemaxes
China Merchants Energy Shipping (CMES) has set up a wholly-owned subsidiary that will own and operate the Very Large Ore Carriers (VLOC) bought from Brazilian mining giant Vale. The new company named...
View ArticleEconomou acquires 17 vessels from his DryShips fleet
Bulk carrier operator, DryShips Inc., has entered into firm sales agreements with entities controlled by the company’s chairman and CEO, George Economou, to sell 17 vessels. The 17 vessels comprise 13...
View ArticleJapanese bulk operator Daiichi Chuo files for bankruptcy
Japanese dry bulk shipping company Daiichi Chuo Kisen Kaisha and its wholly-owned subsidiary Star Bulk Carrier Co. SA have filed for bankruptcy at Tokyo District Court, the company said on Tuesday. The...
View ArticleCSL retires elderly bulkers Birchglen and Mapleglen
Canada Steamship Lines (CSL) has decided to retire two bulk carriers – the Birchglen and the Mapleglen – currently on their final voyages to a ship breaking yard in Aliaga, Turkey. In mid-October, the...
View ArticleGerman owners to pool Supramax bulk carrier fleets
Hamburg-based shipping companies H. Vogemann and Ahrenkiel Steamship have started a pool for bulk carriers in the Supramax segment. Under the deal, H. Vogemann Group will be responsible for pool...
View ArticleFinancially troubled Daiichi sells capesize bulker to NS United
Financially-troubled Japanese dry bulk specialist Daiichi Chuo Kisen Kaisha has sold a 2010-built capesize bulker and its remaining 15-year charter to compatriot NS United Kaiun Kaisha and its...
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