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Asia dry bulk rates to remain low
Monday, 06.Feb.2012, 00:52
Rates for dry bulk carriers on key Asian freight routes are expected to hover near multi-year lows over the next week as an increase in trading activity fails to offset pressure from an ever expanding fleet, ship brokers said.
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Brazil: Vale Beijing Successfully Moved to Anchorage, Says STX Pan Ocean
Friday, 06.Jan.2012, 01:18
South Korean company STX Pan Ocean Co. stated that the Vale
Beijing vessel has been successfully moved to an anchorage and that the
damage caused upon loading Vale SA iron ore in northeast Brazil in
December is reparable.
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Bulk Carrier VLOC 'Vale Beijing' – Dry-dock Next Destination
Sunday, 01.Jan.2012, 23:38
A few days ago VLOC Vale Beijing was towed off the berth
to avoid risk of foundering alongside the Vale iron ore loading
terminal at Ponta Madeira, having earlier reported ingress of water to a
partly loaded cargo hold.
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Vale SA four of its 19 iron-ore mega ships to Asian companies
Wednesday, 21.Dec.2011, 23:25
Vale SA (VALE3) sold four of its 19
iron-ore mega ships to Asian companies, Valor Economico reported, citing
a Vale official that it didn’t identify.
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Belgium: CMB Expands its Bulk Carriers Fleet
Thursday, 15.Dec.2011, 20:53
Earlier this month Bohandymar Limited, subsidiary of CMB, ordered 6 Handysize ECO-type bulk vessels (36.000 dwt) from Samjin Shipbuilding Industries Korea (Samjin) on very competitive conditions. The order includes two options each for two additional units.
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Greece: Star Bulk Charters its Supramax Vessel Star Kappa
Thursday, 17.Nov.2011, 21:52
Star Bulk Carriers Corp.,a global shipping company focusing on the transportation of dry bulk cargoes, today announced that it has entered into a time charter contract with Pacific Basin Chartering Limited BVI for the Star Kappa for approximately one year, at a gross daily rate of $12,500.
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China’s Iron Ore Imports Decline to 8-Month Low as Demand Slows
Friday, 11.Nov.2011, 01:18
China, the world’s biggest iron ore buyer, reduced imports of the raw material to an eight-month low as demand from steelmakers fell.The country imported 49.9 million metric tons of iron ore last month, the General Customs said on its website.
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Rents for Capesize Ships Fell
Thursday, 03.Nov.2011, 01:09
Rents for capesize ships that haul iron ore and coal fell for a fifth session as the number of the vessels available for short-duration voyages jumped to one in every seven.
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Chinese support for Capesize vessels set to ease
Monday, 31.Oct.2011, 02:36
According to observers the dry bulk freight market has been supported to some considerable extent by hefty volumes of iron ore being shipped to China although the significant gains are likely to subside in the coming weeks.
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Dry ship deliveries to reach highest ever in 2011
Thursday, 27.Oct.2011, 07:39
Deliveries of new dry bulk ships are on course to reach their highest level ever this year and fleet expansion is expected to remain strong in 2012, ship broker SSY said on Wednesday.
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