The dry bulk shipping market is in a poor state, with the Capesize
segment the worst of all. Unfortunately, the latest analysis from Drewry
Maritime Researchâ€™s Dry Bulk Forecaster indicates that sub Capesize
sectors which have hitherto performed better than Capes are now facing
an equally uncertain future.
In an effort to strengthen the position of owners and counter the incorporation of charter party clauses that seek to inhibit the ownersâ€™ ability to appoint their own cargo surveyor to carry out checks on the cargo, BIMCO, working together with the International Group of P&I Clubs, has produced a new standard clause entitled the BIMCO Solid Bulk Cargoes that Can Liquefy Clause for Charter Parties.
Shanghai Waigaoqiao Shipbuilding Co.,Ltd (SWS), a full owned
subsidiary of China CSSC Holdings Ltd, has secured an order to construct
four capesize Bulk Carriers by U-Ming Marine Transport Corporation.
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.
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.
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.