Apparently allaying fears of any nickel export squeeze from major exporter Philippines, listed miner Global Ferronickel Holdings Inc (FNI) said it has started nickel ore shipments to China with volume coming to about 550,000 wet metric tons (wmt) so far.
The Suez Canal Authority is offering new rebates on canal transit tolls for dry bulk vessels transiting the waterway for a trial period until 31 December 2017.
Rickmers Shipmanagement has won a new client in the shape of Samudera Indonesia for a pair of bulk carriers.
The dry bulk freight market has put an impressive performance of late; the Baltic Dry Index (BDI) has tripled since bottoming out in February. Now, dry bulkers are in cashflow positive territory, sufficient to cover daily operating expenses (OpEx) and, partially, the financial cost.
Safe Bulkers has sold two newbuildings to its chairman Polys Hajioannou for $46m to preserve liquidity.