Newly formed conglomerate China Cosco Shipping Corporation (Coscocs) has sealed a 27-year-long contract to carry iron ore for Brazil’s state-owned mining giant Vale.

If dry bulk freight market players began this week with any kind of prayer in their hearts it must have been, “Oh Lord, let this market be like iron ore, or even crude oil”. But the deity had clearly decided that this market had yet to log the...

DNV GL has published new guidelines for designing and operating of vessels carrying cargoes at risk of liquefaction and sloshing, “now the most significant factor in lives lost at sea for bulk carriers”.

Prospects for the global dry bulk shipping market are anticipated to remain bleak, at least over the next several years, but owners believed that the current climate has presented newbuilding investment opportunities.

The capesize dry bulk market finally stopped falling on Friday, after rates have been more than halved in the space of a few weeks.

The capesize dry bulk market has continued its downward spiral losing another 9.2% on Monday.

China Merchants Energy Shipping (CMES) and Vale have confirmed a deal for the latter to sell four of its 400,000 dwt VLOCs to the former under a deal worth $448m.

China has officially ended its earlier restrictions on denying valemaxes to call at Chinese ports, after it released on a statement on Thursday saying that seven iron ore berths will be allowed to accommodate the 400,000-dwt valemax bulker carriers.

A 400,000-dwt valemax, owned by China Ore Shipping, has arrived off the coast of China’s Qingdao on Tuesday and is expected to call at Dongjiakou port, local reports said, signalling an end to earlier opposition voices from China to disallow...

Royal Boskalis Westminster (Boskalis) has been awarded three dredging-related contracts in Africa with a combined value of approximately $83.9m.