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Bulk Carriers

Diana Charters Capesize to Koch Shipping

© John Regan / MarineTraffic.com

Dry bulk shipowner Diana Shipping Inc. announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the 179,492 dwt G. P. Zafirakis, built in 2014.The gross charter rate is $13,

Dalian Exchange Calls for 'Rational' Iron Ore Trade

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China's Dalian Commodity Exchange on Tuesday asked members to act "rationally" in iron ore futures trade after prices for the steelmaking ingredient held above $100 per tonne."The iron ore market has been facing many uncertainties recently," the Dalian bourse said on its website, adding that it would

Demand for Brazil Grains Rise as Argentine River Shipments Hit Snag

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Global demand for Brazilian grains is growing as Argentina and Paraguay struggle with low water levels in a key river for agricultural shipments that is preventing ships from being fully loaded, a Brazilian trading company told Reuters on Thursday.Chief Executive Frederico Humberg of trading firm AgriBrasil

Parched Parana River Likely to Hit Argentine Grain Exports through September

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Shallow water in Argentina's Parana River will slow exports and hurt the country's soy crushing margins at least through September, officials said, as more cargo ships are needed to carry the same amount of commodities.Drought has pushed the Parana to its lowest level in decades, complicating transportation and soymeal production.

Pangaea Takes Top Spot in Dry Bulk Benchmark Study

© J E T Byrne / MarineTraffic.com

For the second year straight, US-based Pangaea Logistics ranks highest among dry bulk owners based on Time Charter Earnings (TCE), according to a recent market benchmarking report.Notably, the Rhode Island-headquartered shipowner's 53.7% TCE performance is well above Hong Kong's Pacific Basin Shipping Ltd.

China Bought 10+ Cargoes of Brazilian Soy This Week

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China has bought over 10 cargoes of Brazilian soy this week, as its trade tensions with the United States continue to rise causing Beijing to look towards securing supplies, Bloomberg News reported on Wednesday, citing people familiar with the matter.Brazil is the top supplier of soybeans to China, the world's biggest buyer of the beans.

Loading Resumes at Brazil Port After Ship Quarantined

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Soybean loading operations were set to resume late on Tuesday at a berth at Brazil's Paranaguá port after a ship was ordered into quarantine following a positive COVID-19 test on a crew member, authorities said.Loading at the berth was halted after the positive test, the Williams shipping agency said,

Japan's NYK Line Sees COVID-19 Cutting Profit by $557M

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Japanese shipping company Nippon Yusen KK expects the coronavirus pandemic to reduce its recurring profit by 50-60 billion yen ($464 million-$557 million) for the year to next March, an executive said on Monday."Our assumption is that the worst impact from the pandemic will be seen in the April-June quarter,

China-Australia Row to Reshuffle Trade in Bulging Barley Market

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A prohibitive Chinese import tariff on Australian barley will benefit other suppliers without changing the bleak global outlook caused by large stocks and depressed beer demand, analysts and traders said.Beijing said on Monday it would apply an 80.5% tariff on Australian barley imports for the next five years,

FMC to Investigate Alleged Discriminatory Canadian BWMS Regulations

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The U.S. Federal Maritime Commission (FMC) said it will initiate an investigation into whether ballast water regulations proposed by the Government of Canada discriminate against U.S. flag vessel operators in the Great Lakes and St. Lawrence River.The FMC commissioners voted unanimously to accept a

Brazil Maritime Trade Surplus Widens

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Brazil recorded a $19.7 billion maritime trade surplus in the first four months of the year as imports by value fell as the real currency weakened and exports of agriculture goods remained strong, a port operators group said on Monday.The surplus is 14.56% wider than in the same period of 2019 despite the crisis caused by the novel coronavirus,

Bahri Takes First of Four New Bulk Carriers

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Saudi Arabian ship owner Bahri said it has taken delivery of the new Kamsarmax bulk carrier Sara, built by Hyundai Vietnam Shipbuilding (HVS), a subsidiary of Hyundai Mipo Dockyard Co. Ltd. (HMD).The 81,000 dwt vessel is the first in a series of four ordered by Bahri Dry Bulk from South Korea’s HMD in August 2017.

Rand Completes American Steamship Acquisition

© Logan Vasicek / MarineTraffic.com

New Jersey-based Rand Logistics said Thursday it has completed its $260 million acquisition of rival Great Lakes shipping company American Steamship Company (ASC) from GATX Corporation.The combination of Rand and ASC moves almost 50 million tons annually of dry bulk commodities such as iron ore, coal

Collapsed Riverbank Disrupts Argentina's Exports

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Ships transporting cargo from Argentina's Rosario grain hub through the Parana River are having to reduce their cargoes after a bank collapse obstructed the navigation channel, exporters told Reuters.Dredgers are working in the Parana to the south of the Rosario complex to try to restore the necessary depth of water for export traffic,

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