Fierce bidding puts a premium on Chinese bulker sales
More than 200 bids propel two 1997-built vessels to $11.75m
Fierce bidding puts a premium on Chinese bulker sales Read More »
Panama Canal Authority eases restrictions at strategic chokepoint amid improving rainfall
One daily neo-panamax slot returned and maximum draught increased
USCG Rescues 40, Recover 2 Dead off Mona Island
U.S. Coast Guard crews rescued at least 40 people approximately 10 miles off Mona Island, Monday, following the report of a capsized makeshift vessel.Two people were recovered deceased. Rescue efforts are still on going.Motor Vessel Tripiti…
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Dry Bulk Market: China’s Iron Ore Demand Could Fall In the Coming Weeks
While short-term Chinese iron ore demand has proved to be strong, things could turn sour after the country’s return from the upcoming public holidays. In its latest weekly report, shipbroker Intermodal said that “China’s steel sector has returned to fo…
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Could the Central African Republic – Kribi iron ore corridor become the next major source of Capesize demand?
A&S Resources, which is developing iron ore and other mineral assets in the Central African Republic, has announced plans to develop a railway line linking its deposits with Cameroon’s Kribi port. The proposed corridor could support more than 90 mi…