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Dry bulk

Tangshan to shift movement of bulk commodities to rail by 2019

By the end of 2019, the Chinese steelmaking city of Tangshan has plans to end the movement of its bulk commodities by truck and instead shift the transportation of all of its iron ore and coal from ports to steel mills by rail.

Cisa: short-term iron ore prices to stay at US$60 - 70/dry t

“Increased shipments of iron ore by major mines will increase supply pressure, but steel mills' profits may increase further as downstream demand is expected to remain firm that will support demand and prices of high grade ores.”

MOL coal carrier to serve JERA Trading

Mitsui O.S.K. Lines, Ltd.’s coal carrier OI MARU was delivered to Imari Shipyard and Works of Namura Shipbuilding Co., Ltd. on 14 June.


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NovaAlgoma Cement Carriers invests in JT Cement

Algoma Central Corp. announces that its joint venture with Nova Marine Carriers, NovaAlgoma Cement Carriers Ltd has acquired a 25% ownership interest in JT Cement.