After an optimistic start during the first week of 2017, the freight rates seem to slip into its old self again recording a string of losses this week. Suddenly, the feeling of uncertainly began to creep into the market, raising doubts if the rate...
A London arbitration has ruled in favour of Navios in a dispute with Brazilian miner Vale over a contract for an iron ore terminal in Uruguay.
Australia’s Fortescue Meals Group has secured a financing agreement worth $473m from China Development Bank Financial Leasing Co (CDB Leasing) for the construction of eight VLOCs.
Declining volumes of iron ore shipments this year combined with a continue growth in the supply of ships spell bad news through to 2018 for the already battered capesize market.
The origins of China’s massive One Belt, One Road (OBOR) plan lie in finding export markets for its excess steel production according to Clarskons Platou analyst John D’Ancona.
In sobering news for the dry bulk market seabourne iron ore imports are set to be flat in the coming years according to research from NYK.
Brazil’s Vale and China’s ICBC Financial Leasing have penned contracts of affreightment (COA) for the transportation of iron ore over a long term 27-year period.
Pan Ocean has entered into a long term contract of affreightment (COA) with Brazil’s state mining giant Vale to ship iron ore from Brazil to the Asian region including China and Malaysia.
China Merchants Energy Shipping (CMES) has sealed a long term 27-year charter contract to transport iron ore for Brazil's state mining giant Vale, following an earlier similar deal made by Coscocs.