Dry bulk shipping market

Navis has been selected by Dubai-based port and terminal operator, DP World, to provide the TOS for their multipurpose port DP World Posorja, which is currently under construction.

Breakwave Advisors, in partnership with ETF Managers Group, has launched the Breakwave Dry Bulk Shipping exchange-traded fund.

The charter is due to commence on 25 March 2018 and will last between 11 - 13 months.

The maritime logistics solutions provider recorded net revenue of US$55.2 million in 2017.

Bulk shipping operators rely on MacGregor's watchful eye to inspect essential equipment.

The Dutch terminal operator's decision to clear a section of its coal-handling site, in order to diversify into other dry bulk commodities, was prompted by reduced demand for coal storage.

The UK Ambassador to Saudi Arabia, Simon Collis, met the CEO of King Abdullah Port, Rayan Qutub, to discuss cooperation opportunities in re-export zones and logistics services amongst other areas.

The company recorded a net loss of US$3.2 million in 2017, while stockholders’ equity was US$41.3 million as of 31 December 2017.

The supramax/ultramax owner-operator reported a loss of US$16.6 million in 4Q17, compared to a net loss of US$142.4 million in the same quarter the year before.

The Aquasurfer, a 2013 built capesize vessel of 178 854 DWT, is the sixth to deliver of seven initial capesize vessels acquired by the company.