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BDI set to continue decline 02 February 2012 fell 61 percent this year and is now at its lowest since August 1986. Rates for Capesizes, the largest iron ore and coal carriers, dropped 84 percent since mid-December. Despite the drop in the BDI, shipping stocks performed well in January. Shares of... Type: Article Category: Shipping & logistics Port of Tubar├úo receives Valemax ship 01 February 2012 it was necessary to protect its own ocean-freight industry. No Chinese ports have regulatory approval to receive dry bulk carriers of more than 300,000 tons. The arrival of the Berge Everest last year in China's port of Dalian was attributed to a... Type: Article Category: Shipping & logistics Argentinian grain exports hit by low water levels 01 February 2012 to be cleared away. This in turn has paralyzed shipments of wheat and other grains and oilseeds. The grounding of two bulk carriers one in the Parana River and a second in the Martin Garcia access canal have helped slow shipments in the region. The... Type: Article Category: Ports & handling Kochi bunker sales set to increase 31 January 2012 calls. Bonded fuel prices at the port are considered highly competitive at $ 30 to 40 per ton. Because of this, bulk carriers calling at Goa and Mangalore, and in some cases, Colombo, are now turning to Kochi for bunker supplies. Bharat Petroleum... Type: Article Category: Ports & handling Algoma to install new scrubbers 31 January 2012 by the International Maritime Organization (IMO) and adopted by Canada and the United States. The two gearless bulk carriers and four self-unloading bulk carriers are designed specifically for Great Lakes service. These ships have been designed with... Type: Article Category: Equipment & technology Vale to circumvent Valemax ban 25 January 2012 operations would be based at Subic Bay in the Philippines. The Ore Fabrica is destined for the port along with the ore carriers Vale Brasil and Vale China. Vale is spending more than $8 billion to operate a fleet of 35 valemaxes in an effort to gain... Type: Article Category: Shipping & logistics French Ports form alliance 23 January 2012 The alliance will improve access to the port of Rouen, and will update facilities to allow handling of new generation bulk carriers up to 58,000 deadweight tonnage. The alliance also announced that there are 14,000 hectares of available and reserved... Type: Article Category: Ports & handling Paragon Shipping owes $24 million on ship 20 January 2012 owes money from the MV Friendly Seas. ┬á (CW Group) Paragon Shipping Inc. announced that it owes $24 million on one of its carriers, the Friendly Seas reports Businessweek. ┬á The company says that the amount owed, which is as of September 30 last year,... Type: Article Category: Shipping & logistics Maybulk share price climb 19 January 2012 Company gains despite shipping challenges. ┬á (CW Group) Malaysian Bulk Carriers BhdÔÇÖs (Maybulk) share prices have climbed 19 percent┬á since last week ┬áamid a broader weaker market reports the Star. ┬á The increases were due to talks that the... Type: Article Category: Shipping & logistics Paragon to renegotiate vessel charter 18 January 2012 payment terms for longer-duration charter contracts for two capesize vessels, the largest in the dry-bulk fleet. Star Bulk Carriers also negotiated the early return of a dry-bulk ship. Copyright CW Group. All rights reserved. Unauthorized distribution... Type: Article Category: Shipping & logistics Diana Shipping receives new bulker 18 January 2012 for the minimum scheduled period of the charter. Including the Leto, companyÔÇÖs fleet currently consists of 25 dry bulk carriers with a weighted average age of 6.2 years. The company previously announced two Newcastlemax new-building dry bulk carriers... Type: Article Category: Shipping & logistics Valemax ship to sail for the Philippines 16 January 2012 ┬á The 400,000-deadweight-ton ship would be the second of the companyÔÇÖs so-called Valemaxes, which are very large ore carriers, to sail to Asia. The first vessel, the 388,000-dwt Berge Everest, unloaded at Dalian Port in December last year. Vale aims... Type: Article Category: Shipping & logistics Ireland: Port of Cork sets handling record 16 January 2012 ┬á The port handled over 76,000 tons of dry bulk animal feeds unloaded in one week. The cargo came from five large bulk carriers which has significantly increased the ports dry bulk material handling capacity. The port management says the new handling... Type: Article Category: Ports & handling Star Bulk redeploys bulker 13 January 2012 Ship to be deployed for spot market. ┬á (CW Group) Star Bulk Carriers Corp announced that the vessel Star Sigma has been redeployed reports MarketWire. ┬á The ship was supposed to be time chartered to Pacific Bulk Shipping Ltd. until October 2013 at a... Type: Article Category: Shipping & logistics Activists work to foil Bellingham coal plans 13 January 2012 Pacific Terminal is built. The group is expected to run into issues such as the fact that trains are classified as common carriers, which means that they must ship any legal commodity including coal without discrimination. Many experts add that the... Type: Article Category: Shipping & logistics Precious Shipping to grow fleet 11 January 2012 prices is bottoming reports Business Week. The company will buy 21 new and 20 secondhand vessels. It currently has 25 carriers, mostly handysizes holding up to 35,000 metric tons of cargo. The company had earlier sold 10 carriers in 2007 at the height... Type: Article Category: Shipping & logistics Southern Cement says shortage because of fuel lack 09 January 2012 coordinating with the place of the Emirates areas and branches of the Ministry of Trade and Industry. "It seems that some carriers are rerouting trucks to reduce the amount offered by the cement Almkas in some areas in order to benefit from the high... Type: Article Category: Volume & Pricing Chinese shipper delays payments 05 January 2012 MV Houston, the amount is not as much as $3 million. Shagang Shipping, which operates a fleet of 50 capesize iron ore carriers, intends to pay but needs extra time to obtain financing from its overseas lender. [/PAID] Copyright CW Group. All rights... Type: Article Category: Shipping & logistics Ocean Saver to launch new technology 04 January 2012 The new system will be installed on two suezmax tankers at ChinaÔÇÖs Bohai Shipbuilding Heavy Industry and four bulk carriers at SPP Shipyard in Korea. The company has stated that it has decided to expand its customer base by moving from its traditional... Type: Article Category: Equipment & technology Flagging China demand hits freight fees hard 30 December 2011 Industry expects rates for the largest carriers to dip to their lowest level in almost a decade.[$] ┬á (CW Group) [PAID={"id":"12,13,14","title":"The content you tried to access is only available to paid subscribers.","link":"1"}]Weaker demand for... 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