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 »

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 »

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 »

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 »

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 »

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

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

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 »

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 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 »

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.

German transport bank DVB's 2014 net profit fell 23 percent partly due to the cost of holding surplus cash as borrowers repaid loans faster than the lender could attract new business, Chief Executive Wolfgang Driese said. Read More »

As global shipping grapples with its worst downturn in 30 years, private equity firms are unwinding massive bets made on the sector in a move set to accelerate a restructuring of the shipping industry. Read More »

Exports of iron ore to China through Australia’s Port Hedland terminal rose 0.3 percent in February from January, official figures show, though the month had fewer shipping days. Read More »

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Dry bulk shipping firm Golden Ocean posted a wider fourth-quarter net loss than expected hit by impairments, and said the weak market conditions would continue to affect its earnings. Read More »

The global slump in demand for dry freight commodities is adding more pain to Greece's already crisis-hit banks by heaping pressure on many of their shipowner clients, particularly the smaller companies. Read More »

Rates for capesize bulk carriers, which are close to six-year lows, could show only slight improvement next week as the glut of available tonnage may outweigh any uptick in chartering after the end of the Lunar New Year holiday in China, brokers said. Read More »

WesPac Midstream LLC (WesPac), a leading provider of energy infrastructure and liquefied natural gas (LNG) solutions, and its affiliate Clean Marine Energy LLC (CME), the global facilitator of tailored solutions for Emission Control Area (ECA) compliance, announced today a construction contract with Conrad Orange Shipyard, Inc., a division of Conrad Shipyard, LLC, to build the first dedicated LNG bunker barge for the marine market in North America. Read More »

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, hit another record low as demand for vessels fell ahead of the Lunar New Year holiday. Read More »