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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.


Star Bulk achieves ‘profitable’ first quarter

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.

 

More Shipping news

EuroDry spinoff finalised

Euroseas has completed the spin-off of its dry bulk fleet into a separate publicly listed company, EuroDry Ltd.