Dry bulk shipping company Castor Maritime said it reached a deal Monday to purchase a Japanese 2010-built Panamax bulk carrier.The vessel, which Castor said it acquired from an unaffiliated third party for $13.86 million, is expected to be handed over …
Castor Maritime Buys Secondhand Panamax Bulker Read More »
Lebanon has asked Interpol to issue arrest warrants for the Russian captain and owner of the ship that brought the explosive material that detonated at Beirut port in August, killing nearly 200 people, state media reported on Thursday.About…
Lebanon Asks Interpol to Arrest Ship Captain, Owner Over Beirut Port Blast Read More »
A 608-foot bulk carrier that suffered an engine failure and ran aground in the Columbia River Thursday has been refloated without injury or pollution, the U.S. Coast Guard said.Watchstanders at Coast Guard Sector Columbia River received a report at 12:…
Bulk Carrier Grounds After Losing Propulsion in the Columbia River Read More »
In its latest weekly report, shipbroker Intermodal said that “spot rates for Capesize bulk carriers received a significant boost last week, however, there are certain reservations in the market regarding the potential levels we will see during th…
Dry Bulk Market Facing Volatility, but Long-Term Fundamentals Are Positive Read More »
Although many of China’s major bulk imports, such as iron ore and crude oil, have seen strong growth so far this year despite the COVID-19 pandemic, imports of coal have followed the opposite trajectory. Staggering high growth in January through April …
Stalling Chinese coal imports are not due to trade tensions Read More »