Breakbulk & Projects

Brazil’s Vale to sell 4 large iron ore carriers to China’s CMES

Reuters | May 19, 2015 | Breakbulk & Projects | Breakbulk

Brazilian miner Vale said on Tuesday it agreed to sell four large iron ore carriers to China Merchants Energy Shipping Co (CMES) , as it looks to raise cash in the midst of an iron ore price slump. Read More »

Cameroon cocoa exports up 24% y/y in April

Reuters | May 19, 2015 | Breakbulk & Projects | Breakbulk

Cameroon cocoa exports jumped 24 percent to 181,893 tonnes year-on-year by end-April since the start of the 2014/15 season on Aug. 1, data from the sector’s regulator showed on Tuesday. Read More »

Waiting for Joko: Indonesia’s infrastructure inertia stalls builders

Reuters | May 18, 2015 | Breakbulk & Projects | Projects

For Indonesia’s second-largest state construction firm PT Wijaya Karya Tbk, the half-year since President Joko “Jokowi” Widodo took office with promises of a massive infrastructure push has been as much about waiting as it has been about building. Read More »

UPS Delivers for the 2015 Special Olympics World Games Los Angeles

GlobeNewswire | May 17, 2015 | Breakbulk & Projects | Projects

UPS announced today that it will serve as an official supplier to the Special Olympics World Games Los Angeles 2015 (LA2015). Read More »

Japan aluminium stocks rise for 13th month, extends record

Reuters | May 15, 2015 | Breakbulk & Projects | Breakbulk

Aluminium stocks held at three major Japanese ports stood at 470,200 tonnes at the end of April, up 2.9 percent from 457,000 tonnes a month earlier, trading house Marubeni Corp said on Friday. Read More »

DNV GL awarded offshore pipelay surveillance contract for Polarled pipeline

AJOT | May 13, 2015 | Breakbulk & Projects | Projects | Energy | Pipeline

DNV GL, the technical advisor to the oil and gas industry, has been awarded another offshore pipelay surveillance contract by Statoil to monitor quality assurance throughout the installation campaign. Read More »

South Africa’s Transnet shuts coal export line for maintenance

Reuters | May 12, 2015 | Breakbulk & Projects | Breakbulk

South Africa’s Transnet said it will shut down its coal export line over a 10-day period for annual maintenance but this would not affect tonnages delivered as the halt was factored into its schedule. Read More »

Tesoro cancels Utah crude pipeline project

Reuters | May 11, 2015 | Breakbulk & Projects | Projects | Energy | Pipeline

Tesoro Corp has canceled a crude pipeline project in Utah because of low oil prices and economic challenges, the company said on Monday. Read More »

Dry bulk shipowners scrap more ships to cut capacity - Bimco

Reuters | May 11, 2015 | Breakbulk & Projects | Breakbulk

Dry bulk shipping companies are scrapping more of their vessels of all sizes in a bid to support a market that has been blighted by low freight rates and overcapacity, shipping analyst Peter Sand from shipping association Bimco wrote in a note on Monday. Read More »

China’s CRCC agrees railway, port projects in Russia

Reuters | May 10, 2015 | Breakbulk & Projects | Projects

A China Railway Construction Corp Ltd (CRCC) unit has signed a memorandum of understanding to build rail and port projects in Russia, the firm said in a stock exchange statement on Monday. Read More »

ADM launches sustainable soy certification program in Brazil

Reuters | May 08, 2015 | Breakbulk & Projects | Breakbulk

Archer Daniel Midlands Co. , one of the world’s largest grain traders, said on Friday it was launching a sustainable soy certification program in Brazil with an eye to meeting the demand of European buyers. Read More »

Diana Shipping Inc. Announces New Joint Venture With Wilhelmsen Ship Managemet

AJOT | May 08, 2015 | Breakbulk & Projects

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, and Wilhelmsen Ship Management ("WSM") today announced that they have established a new 50/50 joint venture named Diana Wilhelmsen Management Limited ("DWM"). Read More »

Rio Tinto stands by forecast for China steel demand growth

Reuters | May 06, 2015 | Breakbulk & Projects | Breakbulk

Rio Tinto said on Thursday it still sees Chinese steel demand growing and peaking at close to 1 billion tonnes over the long term, in contrast to some forecasters who have said steel demand has already peaked in China. Read More »

Diana Shipping Inc. Announces Time Charter Contract for m/v Alcmene With ADM

AJOT | May 06, 2015 | Breakbulk & Projects | Breakbulk

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly owned subsidiary, it entered into a time charter contract with ADM International Sarl, Rolle, Switzerland, for one of its Post-Panamax dry bulk vessels, the m/v Alcmene. Read More »

New GAC base opens to drive UK renewable energy sector

AJOT | May 05, 2015 | Breakbulk & Projects | Projects | Ports & Terminals | Ports

Great Yarmouth support hub for offshore wind farms in Southern North Sea Read More »

GCC rail, road and maritime projects worth US$ 422 billion in focus at NATRANS Arabia

AJOT | May 05, 2015 | Breakbulk & Projects | Projects

Gulf region’s integrated and sustainable transport projects to be showcased in Abu Dhabi integrated transport event at ADNEC in October. Read More »

China sets rules to lure private investment in infrastructure

Reuters | May 05, 2015 | Breakbulk & Projects | Projects | International Trade

China has put in place rules to protect private investors and expand opportunities in infrastructure and utility projects, the country's top planning agency said on Tuesday, as the government seeks help revitalizing a stuttering economy. Read More »

Soy growers to Chipotle: Misinformation is not a marketing strategy

AJOT | May 04, 2015 | Breakbulk & Projects | Breakbulk

The American Soybean Association (ASA) issued a statement today in response to Chipotle’s announcement that the fast-food chain would remove all foods containing genetically-modified ingredients, including the soybean oil used in cooking, from its menu. ASA President Wade Cowan, a farmer from Brownfield, Texas, noted farmers’ continuing frustration with the misinformation about agricultural biotechnology advanced by Chipotle this week: Read More »

Titan and Svitzer merge salvage interests

AJOT | May 04, 2015 | Breakbulk & Projects | Projects

AP Moller-Maersk has completed its merger of its salvage division with a subsidiary of Crowley Maritime Corp from the US i. Svitzer is merging with Titan Salvage under a new brand called Ardent. Read More »

Barnhart Crane & Rigging Honored;  Wins Three Industry “Job of the Year” Awards

AJOT | May 04, 2015 | Breakbulk & Projects | Projects

Barnhart Crane & Rigging Co. earned three of seven “Job of the Year” awards presented by the Specialized Crane and Rigging Association at its annual conference in Carlsbad, Calif., on April 14. Judges considered 28 “exceptionally strong entries,” including 15 rigging jobs and 13 transportation jobs, according to a statement released by the association. Barnhart won in the categories of “Rigging Job Over $2 Million,” “Rigging Job Under $150,000,” and “Hauling Job Over 160,000 Pounds.” Read More »