Hit by losses from cancelled containership and bulk carrier charter contracts K Line reported a massive JPY111.1bn ($1bn) loss for FY18, end 31 March 2019.
Capesize market is expected to face more headwinds in Q2 2019, despite some market optimism in Vale’s restart of Brucutu mine.
Mitsui OSK Lines (MOL) returned to the black in FY2018, ended 31 March 2019, and is forecasting a better year ahead.
Following the newbuilding contract for ten Newcastlemax bulkers signed earlier this month, Cosco Shipping Bulk ordered three more from CSIC Qingdao Beihai Shipbuilding Heavy Industry.
The world largest iron ore supplier Vale’s Beijing representative met with the Transportation Department of Jiangsu Province, China with an aim of strengthening the bilateral cooperation.
More than half the 188 lives lost in bulk carrier losses in the last decade were in incidents that involved cargo liquefaction.
Wallenius and Swedish Orient Line (SOL) have formed a shipowning joint venture to operate ice-class vessels for the forestry product trades in the Gulf of Bothnia and Baltic Sea area.
The VLOC Stellar Daisy, which sank in March 2017 with the loss of 22 lives, suffered catastrophic structural failure according to a report by the flag-state Marshall Islands, with classification…
Cosco Shipping Bulk has inked a contract for eight 210,000 dwt bulk carriers newbuildings, plus options for two more with Cosco Shipping Heavy Industry in Yangzhou, Jiangsu province.