Iron ore

K Line, Namura upgrade Wozmax to LNG-fuelled

Kawasaki Kisen Kaisha (K Line) and Namura Shipbuilding have upgraded a version of the ore carrier Wozmax to LNG-fuelled, and obtained a joint approval-in-principle (AIP) for the concept design from DNV GL. Read More

Capesize rates retreat on weak fundamentals

Freight rate opened the week on weaker market fundamentals with concern over the China’s economic slowdown and the softening Panamax market. These left the Capesize market with little trading activities and saw a standoff as ship owners offering high, while the charterers bidding low.

Read More

Sign up to get the latest Maritime News headlines emailed directly to your inbox