Dry bulk shipping market

Noble Group Limited’s sale process for the four panacore vessels has been completed, with an aggregate consideration of approximately US$95 million and net proceeds of approximately US$32 million.

LASE has finished another follow-up order for 3D laser measurement systems for rail wagon unloaders at Vale in Sao Luis, Brazil.

“This MoU with MTI is a demonstration of our commitment to technical innovation and finding new ways to improve the UK’s supply chains,” says ABP.

August was a record month in the company’s shipping activities in terms of volume of agricultural products loaded for export by fleet, as well as transporting a record volume of cargoes since the company was established.

Coal export terminals in the US Eastern Coast have been experiencing temporarily idleness since Hurricane Florence.

An estimated 120 million tpy is being shipped from Indonesia for the export market, and an increasing proportion of this is being sold on an index-linked basis as market participants seek to manage Indonesian coal price risk.

A report by global shipping consultancy Drewry has predicted that charter rates will improve on present levels, as a result of moderate increases in vessel demand and low growth in vessel supply due to restrained new ordering and a thin orderbook.

The programme is being facilitated by Peel Ports’ teams in both the Port of Liverpool and King George V Dock in Glasgow and could see a combined throughput of 1 million t of animal feed imports each year.

Oldendorff Carriers signed a 25 year agreement with NS2PC and will do the ocean transportation of the coal, as well as the transhipment and delivery to Nghi Son.

Diana Shipping Inc. has entered into a time charter contract with Pacific Bulk for the capesize dry bulk vessel, m/v Semirio.