Breakbulk & Projects

Engineering expertise enables Hansa Heavy Lift to safely load long fractionator column in Italy

AJOT | April 07, 2015 | Breakbulk & Projects | Projects

Crowds turn out in the port of Ortona to welcome HHL Lagos, one of the largest vessels to ever berth at the Italian port Read More »

Sri Lanka intensifies scrutiny of Chinese projects

Reuters | April 05, 2015 | Breakbulk & Projects | Projects

Sri Lanka ordered a review of 35 investment projects on Friday, most of them awarded to Chinese firms by the previous administration, suggesting ties remain fragile despite Beijing’s attempts to assuage concerns. Read More »

Orion Marine Group Announces a Contract Award of Approximately $11 Million

GlobeNewswire | March 30, 2015 | Breakbulk & Projects | Projects

Orion Marine Group, Inc. (NYSE:ORN) (the “Company”) a leading heavy civil marine contractor serving the infrastructure sector, today announced a contract award of approximately $11 million. Read More »

Beijing subsidies help China Cosco to higher full-year profit

Reuters | March 26, 2015 | Breakbulk & Projects | Breakbulk | Liner Shipping

China Cosco , operator of the country's largest dry bulk fleet, posted a 54 percent rise in full-year profit, boosted by subsidies from Beijing amid a subdued market. Read More »

Vale likely to sell rail, ships before mining assets

Reuters | March 26, 2015 | Breakbulk & Projects | Breakbulk | Intermodal | Rail

Brazil's Vale SA may find it easier to dispose of giant ships and part of its stake in a rail logistics business before selling mining assets, as the world's top iron ore producer looks to raise cash amid a price rout, according to four sources with knowledge of the situation. Read More »

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 »