Dry bulk shipping market

Maritime Strategies International forecasts weak forward prospects for the dry bulk sector thanks to a combination of volatile trade prospects and political policy.

“Seaborne cargo throughput in the Port of Hamburg again developed upwards with an increase of 0.3%,” said Axel Mattern, Joint CEO of Port of Hamburg Marketing.

Diana Shipping Inc. has reported a net loss of US$23.3 million and a net loss attributed to common stockholders of US$24.7 million for 4Q16.

Freeport-McMoRan Inc. has reported that its subsidiary, PT Freeport Indonesia (PT-FI), continues to seek approval from Indonesian authorities for the export of its copper concentrates.

With contraction in vessel supply and healthy demand growth, the dry bulk shipping market is expected to recover from 2017 onwards, according to the latest edition of the Dry Bulk Forecaster.

KWS Manufacturing Co. has received recertification from the National Board of Boiler and Pressure Vessel Inspectors to repair pressure vessels.

Quinn Cement and Warrenpoint Harbour Authority have announced the opening of a new cement export hub at Warrenpoint Harbour, Co. Down.

ABP’s Port of King’s Lynn has successfully completed its first import of high quality soya bean meal on behalf of Glencore Agriculture UK.

Bonfiglioli Australia has appointed a new NSW Sales Manager with extensive experience in mining and energy industries, Gary Brown.

Konecranes has its new lightweight and durable rope guide, for greater flexibility, reliability and safety on small or mid-sized wire rope hoists.