Strong steel demand set to continue, predicts CMC
Commercial Metals forecasts US and Polish demand to remain strong, following its increase of steel and scrap metal shipments in the US.
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Xcoal to increase coal exports from Australia
Xcoal Energy wants to have a balanced portfolio of coal exports between Australia and the US.
GoodBulk launches IPO
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.
Underwriters for Genco Shipping & Trading to exercise purchase option in full
The underwriters for Genco Shipping & Trading’s recently priced public offering are to exercise their purchase option in full.
Dryships to sell two panamax carriers
DryShips, Inc. is to sell two of its older panamax dry bulk carriers for US$18.8 million.
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.
Navios Maritime Partners L.P. announces delivery of one Panamax vessel
The Navios Altair I, a 2006-built, 74 475 DWT Panamax vessel was acquired for US$11 million.
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.
SWS and LR partner to develop LNG dual-fuelled newcastlemax
SWS and LR have entered an agreement to jointly develop an LNG dual-fuelled newcastlemax bulk carrier.
Genco closes five year credit facility
Genco Shipping & Trading Limited has closed on its new five year US$460 million credit facility.
Chinese smuggling gangs discovered exporting scrap metal illegally
China has arrested 245 people for illegally exporting scrap metal to southeast Asian countries.
Diana Shipping enters time charter contract for capesize vessel
Diana Shipping enters a time charter contract with Koch Shipping Pte Ltd for another capsize bulk vessel.
Blue Planet Shipping: anxious for return of missing Master
Blue Planet Shipping is anxiously awaiting the return of one of their Masters after he went missing at sea on Monday evening.
Maly Port Stevedoring Company to invest over US$3.7 million in environmental protection
Maly Port Stevedoring Company is planning to invest more than US$3.7 million in environmental protection to minimise the negative consequences of coal transhipments.