Category Archives: Dry Cargo

Cargo to U.S. Drops for First Time Since End of 2009

Posted on November 9, 2011 by Editor

U.S. imports on the world’s biggest trading route are dropping for the first time in almost two years as consumer confidence weakens to the lowest level since the recession that ended in 2009.Container volumes on the Asia-to-U.S. route fell 3.8 … Continue reading →

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Poor markets hit HK’s shippers

Posted on November 6, 2011 by Editor

Uncertain conditions in the container shipping and dry bulk cargo markets continue to affect the maritime sector, according to trading results posted by Hong Kong’s leading shipping companies. Uncertain conditions in the container shipping and dry bulk cargo markets continue … Continue reading →

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Shipping Corporation of India Receives New Supramax Bulk Carrier

Posted on November 6, 2011 by Editor

The Shipping Corporation of India (SCI) accepted delivery of a Supramax bulk carrier, m.v. Vishva Prerna, on November 1, Exim News Service reports. The vessel has gross tonnage of 33,185 tonnes and deadweight of 57,161 tonnes. It has been classed … Continue reading →

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Ship Value: New Container Ships Fall 31% in Value as Rents, Economies Cool

Posted on November 6, 2011 by Editor

New container ships’ value dropped as much as 31 percent since April because of falling hire costs and cooling economies, according to Seasure Shipping Ltd.Post-panamax vessels that are too large to navigate the Panama Canal are worth $73.2 million, below … Continue reading →

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Rio Tinto Aims to Double Shipments on Own Vessels in Four Years

Posted on November 3, 2011 by Editor

Rio Tinto Group, the world’s second- largest mining company, aims to almost double the amount of commodities shipped on vessels it owns or hires to get iron ore and coal to customers more quickly. Ocean freight haulage on ships it … Continue reading →

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Trans-Pacific Rates Rise First Time in Two Months

Posted on November 3, 2011 by Editor

Trans-Pacific spot rates rebounded this week off their 22-month low of last week, rising for the first time in two months, as measured by Drewry Shipping Consultants weekly benchmark. The Drewry benchmark rate for container shipments from Hong Kong to … Continue reading →

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Australia’s Newcastle coal shipments off 24% last week, vessel queue peaks

Posted on November 1, 2011 by Editor

The performance of the Hunter Valley supply chain for coal exports in New South Wales, slipped to an 11-week low in the seven-day period to 7 am Australian Eastern Daylight Time Monday (2000 GMT October 30) at 1.86 million mt … Continue reading →

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Ship finance in China: key developments and challenges

Posted on November 1, 2011 by Editor

China’s shipbuilding industry has developed rapidly over the past few years partly due to strong demand for newbuilding vessels from Chinese shipowners. China had set its sights on becoming the world’s biggest shipbuilder by 2009, and by 2010/2011 China will … Continue reading →

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Dry bulk market’s correction “spills” over onto new week

Posted on November 1, 2011 by Editor

Tuesday, 01 November 2011 01:00 The dry bulk market is losing steam, as evidenced by the falls experienced last week, which were also apparent at the beginning of the new week. A lot of this fall is stemming from the … Continue reading →

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NYK, Evergreen, Hanjin trio launches ICS to link Far East with India from Oct 29, 2011

Posted on October 30, 2011 by Editor

Source: dstnews JAPAN: Three container lines from Japan, Taiwan and South Korea will launch a Far East – West India direct service starting from 29 October, 2011. The service, named India-China Service (ICS), will be operated by a line of … Continue reading →

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