Dry bulk shipping market

The UK Major Ports Group (UKMPG) responded to commitments on infrastructure development in party manifestos and announced the major ports sector’s priorities for a new government.

Robot technology – already deployed to Ultrabulk, Norden, J. Lauritzen, and Oldendorff – could prevent as much as 300 000 t of chemicals entering world’s oceans.

Oldendorff will provide a full transportation solution to BCPCL, which includes coal transportation from Indonesia or Australia with transhipment in Andaman and Nicobar to the Payra power plant in Bangladesh.

Increased coal import volumes and shallow draft at bulk ports means demand for transhipper vessels will grow.

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.

Castor Maritime Inc. has entered into an agreement to purchase a 2005 Japan built Panamax dry bulk carrier for a purchase price of US$10.2 million.

According to the results from January to September 2019, Eastern Mining Company completed 70% of the annual plan for the extraction and transhipment of coal.

Eagle Bulk Shipping has taken delivery of the fourth of six ultramax dry bulk vessels it recently agreed to acquire.

A ship with a deadweight of 82 000 t recently left the Port of Taman loaded with Sibanthracite Group coal that is to be unloaded for buyers in European ports, while another ship has already left for Vietnam.

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