Dry Cargo

A nascent dry bulk shipping recovery has lost steam following a fall in Chinese coal demand and a second round of Covid-19 lockdowns in Europe, despite strong demand for iron ore.

China Shenhua Energy Company, Guangdong Yuedian Faneng Investment Company and Zhuhai Port have signed an agreement to increase investments into Shenhua Yuedian Zhuhai Port Coal Terminal for capacity expansion.

ADNOC Logistics & Services (L&S) has acquired a secondhand ultramax bulk carrier, following on from the purchase of two ultramaxes earlier this year.

Sustainability in shipping is not just about the environment and Michael Grey highlights the issue of human rights of seafarers and the conduct of charterers.

Iron ore shipments at Shulanghu terminal of Ningbo-Zhoushan port reached 58.5m tons as the end of October, exceeding the total volume reported last year.

Mining giant Anglo American is opting for LNG to reduce emissions with long term charters for four capesize newbuildings to owned by U-Ming Marine Transport.

Tongli Shipping has placed an order at CSSC Chengxi Shipyard for the construction of two firm plus one option 82,000 dwt bulk carriers.

The Singapore Chamber of Maritime Arbitration (SCMA) and Institute of Chartered Shipbrokers (Singapore Branch) have inked a Memorandum of Understanding (MoU) to promote the cross sharing of knowledge.

Netherlands-based Tharsis Sea-River Shipping has signed a contract with eConowind to install its wind propulsion systems on the 2,364-dwt diesel-electric general cargo vessel.

Intercargo has hit out over charterers preventing crew changes on dry bulk vessels with seafarers from certain Southeast Asian nations treated as “toxic”.