Lloyds List: Dry Cargo

Channel Description:

Latest Articles in this Channel:

01/17/12--09:32: BDI slips below 1,000 points for the first time since January 2009 (chan 2536809)

Capesize crash sees Pacific round voyages at a sixth of their price a month ago


01/17/12--09:42: Chinese economy averts ‘hard landing’ with 9% GDP growth (chan 2536809)

News could see monetary policy ease, boosting dry bulk


01/17/12--09:52: Rio Tinto and Fortescue produce record amounts of iron ore (chan 2536809)

Increased volumes provide employment for growing fleet of capesize bulk carriers


01/18/12--03:16: Tianjin wins state approval to build large iron ore wharf (chan 2536809)

Joint venture with Hong Kong’s Ocean Line will take two years to construct and have capacity of 23m tonnes per year


01/18/12--08:04: Australian iron ore expansion created 290 extra capesize cargoes last year (chan 2536809)

All three major Australian mining companies broke production records in 2011


01/18/12--10:18: Strong Chinese dry bulk demand is guaranteed for the ‘next decade’ (chan 2536809)

Seanergy chief Dale Ploughman has faith that China will meet self-imposed targets for economic growth


01/19/12--03:29: Ningbo Marine cuts 2011 forecast (chan 2536809)

Shanghai dry bulk operator says Chinese coastal shipping rates are declining faster than international rates


01/19/12--03:31: Courage Marine scraps handysize bulker (chan 2536809)

Cash from sale to be put toward working capital and vessel acquisitions


01/19/12--04:48: Vitol to buy stake in Maputo terminal (chan 2536809)

Deal includes joint venture agreement in coal trading business with bulk carrier outfit Grindrod


01/19/12--08:42: STX Pan Ocean orders six new bulkers (chan 2536809)

Deal is part of massive dry bulk expansion programme at South Korean shipowner


01/19/12--08:45: Supramax time charter average dips below $10,000 per day (chan 2536809)

Lack of demand sends Atlantic market into tailspin


01/20/12--02:41: Bocimar profit plummets (chan 2536809)

Dry bulk owner blames Brazilian floods and growth of world fleet


01/20/12--07:21: Steel consumption to drop at South Korean shipyards (chan 2536809)

Iron ore and coking coal trades will suffer in 2012


01/20/12--07:22: Capesize rates languish as owners begin anchoring vessels (chan 2536809)

Market is eyeing return business after Chinese New Year and a possible uptick in iron ore demand


01/20/12--07:51: Bocimar’s spot market handysize fleet exposed to bulk downturn (chan 2536809)

Belgian dry bulk operator seeks increase in charter coverage


01/22/12--16:01: Market goes quiet for China new year break (chan 2536809)

VLCC rates should stay reasonably high this week


01/23/12--05:59: Philippines deploys oil-spill response teams after Sun Spirits sinks (chan 2536809)

14 rescued from general cargoship


01/23/12--08:00: BHP port expansion gets green light (chan 2536809)

Project will see capacity at Port Hedland increased by 240m tonnes per year


01/23/12--08:18: India-China ore trade declining rapidly (chan 2536809)

December imports to China fall by one third year on year


01/23/12--08:24: China dry cargo scrap rates close in on Indian breakers’ levels (chan 2536809)

Last-minute deals before new year holidays


01/24/12--06:43: TBS International lands second delisting notice (chan 2536809)

Dry bulk company has until July to raise its share values


01/24/12--09:14: Deiulemar puts a dozen owners on charter alert (chan 2536809)

Italian operator said to be offering ‘peanuts’ in bid to renegotiate hire


01/25/12--08:34: Panamax owners subsidising bunkers on backhaul route (chan 2536809)

Dry bulk market continues decline


01/25/12--10:05: Pacific Basin sticks to its guns (chan 2536809)

Flexible fleet, sound finances and finding new customers keep dry bulk operator in the black


01/26/12--07:25: Supramax lay-ups imminent if rates slump continues (chan 2536809)

Shipowners ballast across the Atlantic in opposite directions in search of cargo


01/26/12--07:51: Iron ore trade set for boost in February (chan 2536809)

Futures trade indicates restocking of Chinese mills is imminent after new year celebrations


01/26/12--08:49: Dry bulk deals available for those with cash, says Frangou (chan 2536809)

Prices ‘justified’ even by current long-term charter rates


01/27/12--00:19: Precious adds to growing fleet (chan 2536809)

Thai handysize specialist buys Good Pilgrims for $18m


01/27/12--02:33: Japan’s steel output set to fall in 2012 (chan 2536809)

Strong yen and weak domestic demand dent exports


01/27/12--07:11: Brokers hope capesize rates have found a bottom (chan 2536809)

As China gets back to business, the big question is if earnings will rise again