Newcastle, Australia, the worlds’ biggest coal export port, is preparing for the end of the coal age, while in north Queensland Adani Australia is downsizing its Abbot Point coal terminal and Carmichael mine ambitions as opposition and debt mounts.
The six-vessel pool, which will come into operation on 1 April, will be managed by Rotterdam-based RollDock, which will provide five of the six vessels from its multi-functional heavy lift, ro-ro, semi-submersible S and ST-class fleet.
Thailand’s Thoresen Shipping has bought and taken delivery of secondhand bulk carriers as it prepares for a potential market upturn.
Pan Ocean credited the significant improvement in the dry bulk shipping market for the higher earnings.
Thailand-based Precious Shipping reported a full-year loss of USD1.1 million for 2017 compared with a loss of USD37.5 million a year earlier.
Chinese iron ore imports rose 5% to a record high of 1.075 billion tonnes in 2017, exceeding 1 billion tonnes for a second year on the back of a strong recovery in steel prices.
Taiwanese bulker owner Wisdom Marine has reserved comment on reports that the company is expanding its fleet with two 82,000 dwt Kamsarmax newbuildings from Japan Marine United.
An average of 5.3 million dwt/month in dry bulk newbuilding tonnage has been contracted in November 2017–January 2018, an ordering pace last seen in 2014.
The Baltic Exchange is updating the Baltic Dry Index (BDI), bellwether of the global economy, effective 1 March 2018, and the latest iteration will exclude the Handysize category.
Japan’s ‘big three’ shipping lines – Mitsui OSK Lines, NYK Line, and "K" Line – recorded higher profits for the nine months ended 31 December 2017, on the back of a recovery in the dry bulk shipping market.