Analysts at Copenhagen-based Sea-Intelligence have put the worsening liner congestion picture into greater context, pointing out that today’s global capacity removal thanks to vessel delays is slightly greater that the […]
Belships’ fleet expansion is continuing apace with the acquisition of two supramax bulk carriers in the second-hand market. The Oslo-listed shipowner has also taken delivery of an ultramax newbuilding from […]
Soft drinks giant Coca-Cola has opted to ship cargo on bulk carriers rather than containerships in the face of port congestion and rising freight costs. The manufacturer has chartered three […]
India has found itself critically low on inventories of coal amid a surge in power demand from industries and slow imports due to record global prices. Over half of India’s […]
The Baltic Dry Index has an entirely deserved reputation as the kind of rollercoaster ride that can make your heart stop even after fairground attractions begin to pall. But some […]
The capesize market has recovered from a small blip, breaking the $75,000 per day mark, as tonnage tightness continues to weigh in. The average weighted time charter on the Baltic […]
US-listed shipowner Eagle Bulk Shipping has clinched $400m of new financing to tackle its Norwegian bond debt. Its ship owning bond silo subsidiary Eagle Bulk Shipco told the Oslo Stock […]
Hapag-Lloyd chief executive Rolf Habben Jansen has raised concerns about the growing use of dry bulk vessels to carry containers. He described bulkers as “inefficient” and likely to worsen problems […]
Spot rates for capesize bulkers continue to reach new heights as demand for iron ore and coal put a huge strain on the commodities supply chain, market experts said. The […]
Barely six months after its launch as a standalone entity, Meadway Bulkers has more than doubled the size of its original fleet with the purchase of another pair of handysizes. […]
