HMM is diversifying into bulk carriers as container shipping profits decline, with significant growth in bulk transport volume reported.

Cyprus-based dry bulk operators faced a split market this summer, with Capesize vessels hit by volatility while Panamax, Supramax and Handysize ships reached seasonal highs, reports the Cyprus Mail

Although 2013 is expected to fare better than 2012, in terms of dry bulk freight rates, it will still take the market a while, before it gains some solid ground under its feet

The dry bulk market has been on the forefront of the shipping news once again, on the back of the best rally in years, which has seen the industry's benchmark, the Baltic Dry Index rising to two-year highs. Yesterday though, the BDI ended the session, marginally down, after a series of consecutive increases. The BDI was down by 0,4 percent to 1,621 points, with the

A spokesman for the Port Hedland Seafarers Centre said the blaze started on the MV Marigold, moored at Finucane Island, yesterday afternoon.

Overnight the Australian Maritime Safety Authority (AMSA) banned the Liberian-flagged bulk carrier TW Hamburg from Australian ports for 12 months.

The pick-up in demand for seaborne dry bulk commodities across the board provided shipowners with better returns during the first quarter of the year despite net fleet growth over the same period.

Accident in Istanbul Bosphorus Strait... .. Bearing Panama Flag 189 Meters long bulk carrier Star Harmony lwent aground at Yeniköy for an unknown reason ...

A slump in dry bulk shipping is set to worsen as the meltdown in global commodities and too many ships free for hire rock the sector used by investors to gauge the health of world trade.

Despite the recent fall of the Baltic Dry Index (BDI), when one compares the first quarter of 2014, to similar quarters of the recent past, it is apparent that the market is rising, claimed BIMCO in its latest market analysis for the April/May period. For this period, BIMCO believes that the level of Capesize TC average rates will hover around USD 12,000-22,000 per day. Panamax TC

To begin with, The Hellenic Shipping News Worldwide team would like to wish you all a Happy and Prosperous 2014! We begin the New Year with our first analysis on the dry bulk market. The dry bulk market managed to reach multi year highs over 2013, with the final fourth months of the year, reminiscing of a healthier market. The Baltic Dry Index (BDI) ended the

The number of ships on order reflects managers’ expectations of future supply and demand differences. When they expect future supply to increase more than demand, managers will refrain from purchasing new ships.

The latest surge of the dry bulk market has helped offset other lingering factors, which otherwise, could have plunged freight rates to new lows. For example, news from the demolition market, which so far proved a rather helpful resource for both earning ship owners some cash and at the same time helping offset the tonnage oversupply problem, is in a bit of a

Although 2013 is expected to fare better than 2012, in terms of dry bulk freight rates, it will still take the market a while, before it gains some solid ground under its feet, said BIMCO’s Chief Shipping Analyst, Peter Sand, in an exclusive interview with Hellenic Shipping News Worldwide. He cited the heavy overhang of tonnage as the main reason for this, despite the fact

In its latest report, BIMCO forecast that for the coming six weeks, Capesize time charter average rates will remain subdued around $4,500-8,500 per day. The Panamax market is expected to hold on to recent gains and remain in the USD 5,000– 10,000 per day range. In the Supramax market, BIMCO sees freight rates in the USD

With ship financing getting ever so difficult to procure during the past year or so, ship owners had to get creative in order to persuade banks and other financing firms to invest in them and their good judgement when it comes to choosing the best available deal. As a result, 2012 bore witness to several prominent shipping entities teaming up with powerful players from the financial scene in order...

Despite positive indication for a significant surge of dry bulk demand this year, the oversupply problems of the market, will continue to weigh heavily in terms of freight rates. Yesterday, the BDI was up by 9 points to 743, with Panamaxes posting an increase of 35 points to 717 (Baltic Panamax Index), which was enough to push the market higher, as all other subsectors were mostly unchanged. Accor...

In its regular update on the dry bulk market, BIMCO forecasted, that Capesize time-charter rates are expected to stay elevated in the following six weeks at around $9,000– 16,000. "Panamax is expected to be found in the USD 6,000-10,000 per day interval. For the Supramax segment, BIMCO forecasts freight rates to remain in the USD 7,000-9,500 per day interval, whereas Handysize rates are forecast ...

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 Research’s Dry Bulk Forecaster indicates that sub Capesize sectors which have hitherto performed better than Capes are now facing an equally uncertain future.

Sep 30 2011 Somali pirates released bulk carrier Dover, after ransom of allegedly, $3.8 million was dropped on the vessel from plane or helicopter, reported Somali Report.

Bulk carrier Mirach reported aground in 08-04.9N 077-17.2E (southern Indian coast, between Trivandrum and Anjugramam), April 1. Mirach IMO 8116881, dwt 27192, built 1982, flag Panama, manager/owner Mira Denizcilik, Turkey.

At approximately 0600Z on 28 February, the Bulk Cargo Carrier MV DOVER was pirated approximately 260 nautical miles North East of Salalah in the North Arabian Sea.

Yet another vessel is believed to have fallen into the hands of Somali pirates. The bulk carrier ‘Sinin’ was believed to have been pirated on the afternoon of February 12, approximately 350 nautical miles east of Masirah, Oman, in the North Arabian Sea, according to an EUNAVFOR report.

Baltic Dry Index, is ending yet another week of violent falls, with yesterday’s session bringing the market down to just 1,186 points, losing an additional 3.89% on a daily basis.

The dry bulk market has kept falling for yet another week, with the industry’s benchmark, the Baltic Dry Index (BDI) losing an additional 4.79% this past week, to reach 1,370 points, thus falling below the 1,400-point mark and reaching its lowest level since early February of 2009.

Pundits indicating that the dry bulk market’s sentiment remains weak were justified, as the industry’s benchmark, the Baltic Dry Index (BDI) kept falling mid-week.

Seasonal factors like the worst flooding in Australia’s Queensland in half a century, coupled with thin trade activity has put the dry bulk market on a downward trend.

The dy bulk market failed to cheer ship owners across the board as the year draws to an end, thus bringing mixed feelings ahead of 2011.

With the dry bulk market close to its lowest levels in months and indeed close to 2010 lows, ship owners could be heading towards scrapyards in a bid to relieve part of the market’s oversupply of vessels.

The dry bulk market isn’t exhibiting a “festive” behavior, thus cheering ship owners and investors alike. Instead, the industry’s benchmark has been falling this week, with the Baltic Dry Index (BDI) retreating yesterday to 1,886 points, close to its 2010 lowest.

The bulk carrier Newlead Markela  suffered an explosion in its cargo of coal on Nov 13, 2010, at 2 p.m., followed by a fire, which could be extinguished soon.

Independent OnlineThree sailors of highjacked bulk carrier are RussiansRussia-InfoCenterTheshipholder has reported to Seafarers' Union of Russia that theshipoperator received an emergency message about capture of the vessel from the captain...Seized Germanshipheads towards Somali coastXinhuaNo confirmation yet on GermanshipseizureThe Voice of RussiaFACTBOX-Shipsheld by Somali piratesReuters AfricaITAR-TASS -Safety at Sea -Radio New Zealand77 haber makalesinin tümü »

The dry bulk market has continued its climbing trend yesterday, as the industry's benchmark, the Baltic Dry Index (BDI) was up by 39 points to 820.

With the dry bulk market freight rates finally making waves, China's aim of 7.5% GDP growth for 2014 mean once again positive news for the shipping market, in particular dry bulk. According to a note released yesterday by BIMCO's Chief Shipping Analyst, Mr. Peter Sand, "despite being a little down on the 2013 GDP growth of 7.7%, the growth target of 7.5% set by China’s

The start of a national weeklong in China as of Tuesday is expected to put a lid in the latest rally of the dry bulk freight market, as has always been the case in similar occasions. This trend has already been obvious, by tracking the latest couple of sessions of the industry's benchmark, the Baltic Dry Index. The BDI was down 43 points yesterday, to end at 2,003 points,

Despite the fact that China is on holiday this week, the dry bulk market has managed– albeit with a softer pace – managed to hold its ground and even post a mild upward trend. As such, the industry's benchmark, the Baltic Dry Index (BDI) inched higher yesterday, increasing by 39 points to reach 2,047. All major ship classes were on a higher note, with Capesizes leading

EIGHTY to 90 British bulk terminals face shutdown as coal imports dry up after the recent closure of coal-fired power stations.

The dry bulk market has maintained its rising momentum, on the back of increased cargo availability. According to yesterday's figures, the industry's benchmark, the Baltic Dry Index (BDI) was up by 10 points, reaching a total of 875 points. Capesizes were unchanged yesterday, as the relative Capesize Index was steady at 1,314 points. Still, the Capesize market gained an impressive 11 percent just ...

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.

The dry bulk market kept on retreating this week, with the industry's benchmark, the Baltic Dry Index (BDI) falling to 1,708 points, down 78 on the day, on the back of lower demand for Capesizes. The Baltic Capesize Index was down by 168 points yesterday to 2,775 points, while a lower fall was evident in the Panamax market, with the Baltic Panamax Index retreating by 51

On June 7, Greenpeace activists visited the port of Saint-Nazaire, France, to block a bulker arriving from Brazil.

Despite the fact that the dry bulk market's benchmark, the BDI has been on a fall since the start of 2014, ending yesterday's session down to 1,876 points, experts indicate that it's only a matter of time, before a new freight rate rally emerges. After all, the first quarter of each is traditionally the slowest one for the dry bulk market. Among the encouraging signs for the

The biggest rally of the dry bulk market in more than three years have brought back joy among ship owners, especially those active in the Capesize market, while also proving right those analysts who had foreseen this recovery. Yesterday, the Baltic Dry Index (BDI), the industry's main benchmark maintained its upward trajectory, rising by an additional 38 points

It's been a rough start to the New Year for the dry bulk market, which was supposed to be on the verge of rallying to new heights this year, on the back of improving fundamentals. The market's benchmark, the Baltic Dry Index (BDI) had been on a steady path of declines since the beginning of the year, effectively erasing the rally of the last few months of 2013, which brought

The undeniable trend in the newbuilding markets so far in 2013 has been the continued shipowners' "appetite" for Capesize dry bulk carriers and various types of product tankers, mainly Medium-Range ones (MR). According to the latest report from shipbroker Clarkson Hellas, "this week has been somewhat quieter than

The dry bulk market has seen a significant recovery in recent weeks, leading most ship classes to earnings above their operating expenses, thus bringing a huge sigh of relief to their respective owners. But still, fundamentals remain negative and it's claimed that the market will find it hard to sustain such levels of freight rates in the long

The dry bulk market has kept on moving sideways this week, as evidenced by the latest trends of the industry's benchmark, the Baltic Dry Index (BDI). The BDI was relatively unchanged during yesterday's session, as has been for the most part of this week. The index ended at 1,151 points, down one point, with the Panamax market posting thebiggest retreat by 17