Dry bulk freight news

Adani Mining’s Carmichael project has signed a multi-million dollar contract with Decmil to deliver more jobs and economic activity for Rockhampton and regional Queensland.

The outlook for the North American railroads industry has been revised to negative from stable, Moody's Investors Service says in a new report.

Adani has said that over AUS$450 million worth of contracts had already been awarded on the Carmichael project, the majority to regional Queensland areas.

Xin Yuan Enterprises, a Hong Kong-listed asphalt tanker operator, has announced that it has acquired a second hand capesize bulker for US$15.6 million.

As part of its strategic development plan, OCP Group has chosen Bedeschi as EPC contractor for the enhancement of Jorf Lasfar plant and port to increase the fertilizers sea freight shipping.

Strong global demand for coal and LNG has lifted Queensland’s export numbers by 13.8% over the last 12 months.

Growth in coal production and shipment by VGK enterprises allowed the creation of an additional 90 new jobs in the motor transport sector of Sakhalin (Russia).

Grieg Maas has taken delivery of its sixth bulker.

QRC has been invited to join the government’s trade mission to China, which will further strengthen trade through key resource commodities to stimulate investment in Queensland.

“The announcement demonstrates how ports all around the coast are stepping up to prepare for Brexit and providing UK businesses with a range of choices for trading with the EU,” says UKMPG.