Dry bulk news updates

BinMaster launches a new particulate monitor with its new DD-3000 dust alert sensor, which is designed to detect baghouse leaks.

T-Ports announces that construction work has begun at its Lucky Bay bunker site near Cowell (South Australia).

The Prince Rupert Port Authority appoints Shaun Stevenson as the organisation’s next President and CEO.

Iron ore lump prices have surged recently following China’s environmental curbs.

Coal deliveries by rail increased by 400 000 t, to total 17.8 million t in May.

GoodBulk Limited launches an initial public offering (IPO) of 8 500 000 common shares at an anticipated initial offering price between US$15.50 to US$17.50 per common share.

The underwriters for Genco Shipping & Trading’s recently priced public offering are to exercise their purchase option in full.

“The UK Major Ports Group is making an open call for ground-breaking perspectives and ideas on what are the top five ways digitisation could transform the major port of tomorrow.”

Martin Engineering introduces the expansion of the company's operations, manufacturing and warehousing facilities in the UK and Scandinavia.

DryShips, Inc. is to sell two of its older panamax dry bulk carriers for US$18.8 million.

Schenck Process has revealed its new vertical cartridge filter for industrial dust collection.

Coal shipments from the company’s offshore terminal in Shakhtersk, Russia exceeded 1 million t.

The Queensland Competition Authority will be considering Aurizon’s business case for rail maintenance in two days time.

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.

BNSF Railway Company requests two-year file extension for Positive Train Control deadline.

According to the latest report by the Australian Bureau of Agricultural and Resource Economics, winter crop production is predicted to decrease in 2018-19, while wheat and barley is set to rise.

“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.”

Flying Cement selects AUMUND Fördertechnik GmbH as provider of two bucket elevators needed to help construct an 8000 tpd kiln line which is hoped will increase production at its cement plant.

Tata Steel Limited has enlisted the help of Martin Engineering to help train new staff on conveyor operations and safety at one of the company’s newest facilities.

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.

The Navios Altair I, a 2006-built, 74 475 DWT Panamax vessel was acquired for US$11 million.

Earlier this week, Star Bulk Carriers Corp. (Star Bulk), announced its profitable unaudited financial and operating results for the first quarter ended 31 March 2018, with a key highlight being the 86.62% increase in voyage revenue compared to the same period in 2017.

Total revenues for the three months totalled US$243 794 compared to US$437 813 in the same period in 2017.

Scorpio Bulkers Inc. receives commitment for a loan facility of up to US$30 million from ING Bank N.V. to refinance two of the company’s kamsarmax bulk carriers.