Breakbulk & Projects

Sinopec to delay billion dollar storage project in Indonesia

Reuters | June 16, 2015 | Breakbulk & Projects | Projects

China’s Sinopec Corp will delay a nearly billion dollar oil storage terminal in Indonesia, touted to be Southeast Asia’s largest, by several years due to slow demand for tank space, industry sources said on Tuesday. Read More »

X2 Member Globus Transitos Secures Heavy Lift Autoclave Project to India

AJOT | June 12, 2015 | Breakbulk & Projects | Projects

Chartered to transfer break bulk industrial machineries, Globus Transitos PVT. Ltd. a proud member of X2 Elite secured the transport of a heavy lift autoclave project from China en route for Nhava, Sheva, India. Read More »

Mitsubishi Heavy would consider investing in Areva

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

AREVA-MITSUBISHI/INVESTMENT (UPDATE 1):UPDATE 1-Mitsubishi Heavy would consider investing in Areva - Asahi newspaper Read More »

Pakistan wheat surplus to cool imports this year

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

A wheat surplus in Pakistan is likely to mean little appetite for imports this year, although it will purchase more oilseeds due lower crop prospects, a leading local trader said. Read More »

Brazil’s Rousseff aims to lure $64 billion in infrastructure capital

Reuters | June 09, 2015 | Breakbulk & Projects | Projects

President Dilma Rousseff unveiled a plan on Tuesday to draw 198.4 billion reais ($64 billion) in private investment to build, upgrade and operate Brazilian roads, railways, airports and harbor terminals. Read More »

IADB to sell debt in Brazil to fund infrastructure projects

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

The InterAmerican Development Bank plans to sell debt in Brazil for the first time this year to help finance long-term infrastructure investments in need of long-term funding. Read More »

Safe Bulkers, Inc. Reports First Quarter 2015 Results and Declares Quarterly Dividend

Marketwired | June 08, 2015 | Breakbulk & Projects | Breakbulk

Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three month period ended March 31, 2015. The Board of Directors of the Company also declared a quarterly dividend of $0.01 per share of the common stock for the first quarter of 2015. Read More »

KBR awarded major infrastructure upgrade project in Australia

AJOT | June 08, 2015 | Breakbulk & Projects | Projects

KBR announced today it has been awarded an alliance contract by the Victorian Government for Railroad Crossing Removal Projects in Victoria, Australia. Read More »

X2 members AGX, AWA handle $6 Million aircraft engine transport

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

US-based AWA and AGX-KUL, proud members of X2 Elite and X2 Critical handled the shipment of an Aircraft Engine worth USD 6 Million. The shipment which left from Dallas to Malaysia was coordinated Door to Door to meet an AOG situation within a very short notice. Read More »

Australia’s Port Hedland iron ore exports to China rise 5.2% in May

Reuters | June 03, 2015 | Breakbulk & Projects | Breakbulk

Australia’s iron ore exports to China from Port Hedland rose 5.2 percent in May from a month earlier, while total shipments from the port hit a record high, figures released on Thursday showed. Read More »

PALFINGER DREGGEN awarded contract for fully electric offshore cranes for Johan Sverdrup field

AJOT | June 03, 2015 | Breakbulk & Projects | Projects

The prestigious delivery includes seven large offshore cranes and the contract was signed with Statoil in May, in strong competition with other international crane suppliers. Read More »

Diana Shipping Inc. Announces Delivery of the Kamsarmax Dry Bulk Vessel m/v Medusa

GlobeNewswire | June 02, 2015 | Breakbulk & Projects

Diana Shipping Inc., announced that yesterday, through a separate wholly-owned subsidiary, it took delivery of the m/v Medusa (formerly “Torm Island”), a 2010 built Kamsarmax dry bulk vessel of 82,194 dwt that the Company entered into an agreement to purchase in April 2015. Read More »

Tanzania awards $9 billion in rail projects to Chinese companies

Reuters | May 31, 2015 | Breakbulk & Projects | Projects

Tanzania has awarded contracts to build new railway lines worth about $9 billion to Chinese firms, its transport minister said, expanding Beijing’s presence in East Africa’s second-biggest economy. Read More »

Argentine grains crushers agree pay deal, end strike

Reuters | May 31, 2015 | Breakbulk & Projects | Breakbulk

Grains crushers in Rosario, Argentina’s main export hub, agreed a pay deal late on Friday to end a three week strike that had delayed some soy export shipments. Read More »

Wage row between Argentine crushers, companies reaches crunch point

Reuters | May 31, 2015 | Breakbulk & Projects | Breakbulk

Pressure grew on Friday for a resolution to wage talks between exporters and striking crushers in Argentina’s Rosario grains hub, with another powerful union threatening to launch its own industrial action on Monday that would paralyze exports. Read More »

Vale to ship coal along Mozambique Nacala Corridor in Q3

Reuters | May 29, 2015 | Breakbulk & Projects | Breakbulk

Brazilian miner Vale SA plans to start exporting coal along the Nacala rail and port corridor in Mozambique and Malawi in the third quarter after heavy rains damaged the rail line, the firm’s head of coal told Reuters on Friday. Read More »

Dry bulk shipper Golden Ocean says in worst market since 1980s

Reuters | May 28, 2015 | Breakbulk & Projects | Breakbulk

Dry bulk shipping firm Golden Ocean reported first-quarter earnings below forecasts on Thursday and said its market had gone from “bad to worse” with market conditions not seen in three decades. Read More »

Asia Dry Bulk-Capesize rates to soften in absence of coal, iron ore cargoes

Reuters | May 28, 2015 | Breakbulk & Projects | Breakbulk

Rates for capesize bulk carriers are likely to remain soft in the absence of coal cargoes and significant charter volumes from Brazil, ship brokers said. Read More »

Dry bulk shipper Golden Ocean makes Q1 loss on impairments

Reuters | May 28, 2015 | Breakbulk & Projects | Breakbulk

Dry bulk shipping firm Golden Ocean reported first-quarter net earnings below forecasts on Thursday due to a large impairment charge and said its market went from “bad to worse” during the quarter. Read More »

Freeseas Enters Agreement for the Financing of Vessel Acquisition

GlobeNewswire | May 26, 2015 | Breakbulk & Projects | Breakbulk

Company also Concludes Sale of Two Vessels, Places Mortgage on One Vessel, and Enters Into Long-Term Bareboat Charters Read More »