Breakbulk & Projects

AEP To Review Strategic Alternatives For Its Competitive Barge Transportation Business

PR Newswire | March 23, 2015 | Breakbulk & Projects | Breakbulk

American Electric Power (NYSE: AEP) today announced that it is has engaged Morgan Stanley & Co. LLC to explore strategic alternatives for its competitive barge transportation subsidiary, AEP River Operations LLC. Read More »

Dry Bulk shipping market may rebound slightly in Q2: Golden Ocean CEO

Reuters | March 23, 2015 | Breakbulk & Projects | Breakbulk

Dry bulk shipping charter rates remain well below break even levels, pushing vessel scrapping to record highs, though some market improvement is expected in the second quarter, Herman Billung, the CEO of shipping firm Golden Ocean said. Read More »

South Korea’s Harim group to expand bulk carrier Pan Ocean by trading grains

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

South Korea's Harim Group aims to grow sales at the country's largest bulk shipper Pan Ocean Co Ltd, which it plans to acquire, seven times to more than 10 trillion won ($8.97 billion) annually within five to six years. Read More »

Security of global oil and gas pipeline network to be analysed next week in Istanbul

AJOT | March 19, 2015 | Breakbulk & Projects | Projects | Energy | Pipeline

Oil and gas pipeline networks are particularly vulnerable critical infrastructure, which can be found in some of the world’s biggest conflict zones in Africa, the Middle East, Asia and Latin America; as well as in remote and hostile territories where the costs of conventional monitoring methods are too high to implement. Read More »

VOLGA-DNEPR moves Express AM7 and AM8 satellites to Baikonur Cosmodrome for launch

AJOT | March 19, 2015 | Air Cargo | Breakbulk & Projects | Projects

Volga-Dnepr Airlines delivered the Russian telecommunications satellites Express AM7 and Express AM8 to the Baikonur Cosmodrome launch site in Kazakhstan. Read More »

South Korea’s Harim group to expand bulk carrier Pan Ocean by trading grains

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

South Korea’s Harim Group aims to grow sales at the country’s largest bulk shipper Pan Ocean Co Ltd, which it plans to acquire, seven times to more than 10 trillion won ($8.97 billion) annually within five to six years. Read More »

China buys 450,000 tons of high-protein wheat, more imports expected

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

Chinese buyers purchased around 450,000 tonnes of high protein wheat over the last few days, with more imports expected due to a domestic shortage of high quality grades, traders and industry sources said. Read More »

Asia Dry Bulk - No sign of improvement in capesize rates as owners lay-up ships

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

Rates for capesize bulk carriers, which have been close to six-year lows for the last two months, show little sign of improvement as a tonnage glut and scarcity of cargo continue to weigh on the market, brokers said. Read More »

MOL Group establishes “MOL Project & Heavy Cargo” as Unified Brand

AJOT | March 18, 2015 | Breakbulk & Projects | Projects | Liner Shipping

MOL announced the establishment of a unified brand — “MOL Project & Heavy Cargo” — highlighting the MOL Group’s capabilities in the rapidly growing plant and heavyweight cargo transport sector. Read More »

AAL strengthens its tramp & projects division with new vessel addition 

AJOT | March 17, 2015 | Breakbulk & Projects | Projects | Breakbulk

AAL, one of the world’s leading global breakbulk, project cargo and heavy lift shipping operators, today announced that AAL Galveston will join its fleet on long-term time charter and add capacity to its Tramp and Projects division; providing worldwide trade for customers, with a specific focus on EU and US trades.   Read More »

Dry bulk shippers: Stocks fall on lower capesize rates

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

Shares of dry bulk shippers down 1.2-5.5 percent Read More »

U.S. LNG projects hit by energy price slide

Reuters | March 13, 2015 | Breakbulk & Projects | Projects | Energy

Sinking oil and gas prices have put the brakes on the development of the U.S. liquefied natural gas (LNG) industry, with planned projects being delayed or even scrapped altogether. Read More »

Roehl appointed to manage APAC region for HANSA HEAVY LIFT

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

HANSA HEAVY LIFT has appointed Joerg Roehl to manage its business in the Asia Pacific (APAC) region. Read More »

Faltering capesize demand drag down Baltic sea freight index

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

BALTIC-INDEX/:Faltering capesize demand drag down Baltic sea freight index Read More »

Ten takeaways from the bulk carrier market

George Lauriat | March 12, 2015 | Breakbulk & Projects | Breakbulk

The dry bulk carrier market is once again bumping along at historic lows with Baltic Dry Index (BDI) running in the mid-500 range. One quarter into 2015, here are some early takeaways on the dry bulk market in the Year of the Goat. Read More »

Asia Dry Bulk-Capesize rates hold down as tonnage glut continues

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

Rates for capesize bulk carriers, which have been close to six-year lows for the last two months, will remain under pressure as a tonnage glut continues to weigh on the market, brokers said. Read More »

Chemical tanker shipping industry faces a challenging 2015

AJOT | March 11, 2015 | Breakbulk & Projects | Breakbulk

Chemical tanker shipping faces another challenging year of falling freight rates in 2015 but the trade is expected to recover next year, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry. Read More »

SafmarineMPV extends its USA to West Africa multi-purpose shipping service southbound

AJOT | March 09, 2015 | Breakbulk & Projects | Projects | Ports & Terminals | Ports | Break Bulk Port

Multipurpose shipping line SafmarineMPV – which offers project cargo, break-bulk and container services to West Africa - is expanding its service on the USA-West Africa trade to include Congo and Angola. Read More »

Eagle Bulk Shipping Inc. Board of Directors appoints Ryan as CEO

PR Newswire | March 09, 2015 | Breakbulk & Projects | Breakbulk

NEW YORK, March 9, 2015 /PRNewswire/ -- The Board of Directors of Eagle Bulk Shipping Inc. (Nasdaq: EGLE) (the "Company" or "Eagle Bulk")has announced that it appointed Stanley H. Ryan, a current Eagle Bulk Board member and former global co-leader of Cargill's Agricultural Supply Chain businesses, as Chief Executive Officer, effective March 6, 2015. Mr. Ryan succeeds Sophocles N. Zoullas who has resigned from all positions at the Company. In addition, Mr. Zoullas and the Company have entered into a Separation Agreement and General Release.

Read More »

CEVA’s CEO, Xavier Urbain, opens new South East Asia headquarters at West Hub in Singapore

AJOT | March 09, 2015 | Breakbulk & Projects | Energy | Maritime | Refinery | Transport Intermediaries

CEVA’s CEO, Xavier Urbain, opens new South East Asia headquarters at West Hub in Singapore West Hub facility home to new City of Energy, Singapore, and Center of Logistics Excellence. Read More »