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CAPESIZE DEMAND
Dry-Bulk shipping rates extend decline as capesize demand coolsThis decline is attributed to cooling demand in larger vessel segments, particularly Capesizes, despite a strong first half of the year. An...
Dry-bulk shipping rates hit two-year high on capesize demandThis rise is attributed to increased demand for Capesize vessels, tightening ship supply, and disruptions in iron ore exports. The conflict...
Grimy ships for iron ore are now being used to carry food crops to AsiaChina’s downturn in the housing market has weighed on iron ore, driving freight rates for bulk carriers down 50% from a year earlier.
Empty iron ore ships switch to coal to survive China’s slumpMiners and traders are slashing shipments of iron ore, the second-most widely traded seaborne commodity, and re-assigning their bulk carrie...
Roaring commodity demand is pushing shipping rates higher, and the rally isn’t overRising demand for everything from soybeans to steel has sent the cost of hauling dry goods soaring more than 50% this year.
Big ships snag unusual cargoes as dry-bulk market tightensThe supply of dry-bulk ships was already under pressure as Covid-19 restrictions on seafarers and port workers slowed cargo deliveries.
Downturn in oil prices beneficial for shipping industry: Sandeep Upadhyay, Centrum Infrastructure AdvisoryBaltic Dry Bulk Index (BDI) has risen 340% over the past one year and after hitting an all-time low of 290 points in February 2016, said Sa...
JSW Infrastructure beefs up capacity to achieve 200 MT target by 2020Located along the west coast in Ratnagiri, Maharashtra, Jaigarh Port inaugurated a 42 km road between Jaigarh Port and Nivali.
JSW Infrastructure gets green nod for Rs 1,175 crore jetty project in MaharashtraThe proposed multi-cargo captive jetty is expected to handle 8.4 million tonnes of cargo in next five years and up to 16.7 million tonnes i...
Fashion app Voonik secures $5 million Series A funding from Sequoia Capital, SeedfundThe company said in a statement that the funding will enable Voonik to enhance their personalisation and style recommendation technology.
Essar Shipping second quarter loss narrows to Rs 11.20 croreEssar Shipping’s second quarter net loss narrowed to Rs 11.20 crore from a loss of Rs 35.99 crore in the same quarter last year.
Rising shipping volumes bring cheer, but not many expect uptrend to lastShipment volumes, driven by an increase in iron ore import by China & economic recovery in US & Europe, saw a slight uptick in September.
ABG Shipyard shares rally 14% post block dealABG Shipyard continued to surge for the second straight session even as ICICI Prudential Life Insurance sold 5.82 lakh shares for Rs 15.79 ...
Shipping companies surge as Baltic Index hits 21-month highShares of sailing companies were sailing smooth after the dry Baltic Index, surged to a 21-month high to 2,127 points, up 106 points or 5.2...
- Government holds the cards for shipping industry turnaround: Bimco
Without the political responsibility, will and decisiveness, the prospect for a recovery is bleak, says Baltic and International Maritime C...
- 'Worst over, but supply side pressures remain till 2011'
Worst over, but supply side pressures remain till 2011 for Dry Bulk, says Shipping Corporation CMD S Hajra in an interview with ET Now.
- Shipping cos in rough waters as rates plunge
The shipping industry is facing the threat of order cancellation due to a sharp fall in charter rates of dry bulk vessels, according to exp...
- Shipping rates dip on commodity bust
Indian shipping majors such as SCI and Great Eastern Shipping already idle some of their vessels and also have plans to mothball their othe...
- Falling freight rates,lack of cargo lead to idle bulk vessels
Declining freight rates and lack of cargo availability are forcing dry bulk operators to idle their vessels for the time being. Some owners...
- GE Shipping net up 31%
Great Eastern Shipping Company (GE Shipping) has posted a 31% rise in net profit at Rs 240.9 crore for the quarter ended March 31, 2007.