Conference season has begun in New York, highlighted by an excellent Capital Link Global Derivatives Forum, which offered a heavy emphasis on freight and fuel, plus energy and steel-making raw materials that provide cargo for the vessels. The...

Bimco believes that capesizes will not return to the doldrums seen in the first half of the year over the next two months although will likely remain at below breakeven levels.

Tokyo: Mitsui OSK Liines (MOL) has taken delivery of the Ore Salvador, a 297,076dwt ore-carrier, has been completed at Ariake Shipyard. The vessel is to serve on long term contract transporting ore from Vale.