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International accountant and shipping consultant BDO says total annual operating costs in the shipping industry fell by an average of 1.8% in 2018, compared to the 1.3% fall for 2017.
Capesize - Overall it was a negative week for the Capesize market, with many routes losing ground. A limited amount of timecharter appeared, with most activity seemingly centred on voyage basis.
The Baltic Exchange has launched a new assessment to track the cost of operating vessels. Initially covering a range of dry bulk vessels, the service will also be expanded to tankers and other sectors.
“K” Line) is proud to announce the delivery of “CORONA CITRUS,” an 88,000 DWT-type special coal carrier at Marugame Headquarters of Imabari Shipbuilding Co., Ltd. on 11 September 2019.
NORDEN has established a new, dedicated decarbonisation position to drive NORDEN’s decarbonisation efforts and meet the company’s ambitious emission reduction targets.
Capesize -The market reached new heights this week as the 5TC topped $38,014, a level not seen in the sector since 2013.
Capesize - The market continued to firm all week, with the 5TC closing on Friday at $34,583, up $4,146 for the week. This marks a new high for the year and a remarkable lift from the lows of 3 April 2019
ABB enters new market segment with order to install Azipod® electric propulsion on board two dry bulk carriers from Germany’s largest bulk carrier company Oldendorff Carriers.
MacGregor, part of Cargotec, secured a turnkey contract to deliver 4 shipsets of weather deck hydraulic operated folding hatch covers for 8,000 dwt coal carriers.
The agreement embodies “comprehensive strengths that enable the provision of one-stop solutions to the various transportation needs of customers”
Similar to other sizes, it was one of the most exciting weeks for the Baltic Supramax Index (BSI), with a surge from all areas.
Search and rescue teams are scouring eastern Indonesia after a bulk carrier carrying nickel ore with 25 people onboard sent a distress signal yesterday.
South Korea ship investment firm Kmarin (Kukje Maritime) has placed orders at two Chinese yards for a further four 325,000 dwt guaibamax bulk carriers...
The country is fully committed to enforcing the International Maritime Organization’s 2020 rule on all Indonesian-flagged vessels both for domestic and foreign shipping...