In fact, the Baltic Exchange’s main sea freight index, which tracks rates for capesize, panamax and supramax vessels that carry dry bulk commodities, dropped 23 points, or 1.5%, to 1,528 points, Reuters reports. Notably, the index fell for a fifth straight session on Tuesday- being weighed down by softer demand for capesize vessels. In particular, the capesize index fell 75 points, or 2.3%, to 3,167 points.
British engineering company Anemoi Marine Technologies, the Flettner Rotor innovator, has appointed Kim Diederichsen as CEO with the aim to take the company’s wind assisted propulsion systems to the global market.
The fundamental balance in dry bulk shipping has gotten worse during 2019, with supply growth outstripping demand, and BIMCO forecasts that this will continue into 2020. Namely, after peaking in September, the fundamentals of the market have started to drag on freight rates.
SAFETY4SEA is pleased to announce that Alpha Bulkers Shipmanagement Inc. has received the 2019 SAFETY4SEA Dry Bulk Operator Award at a prestigious award ceremony which successfully concluded on October the 1st at Yacht Club of Greece in Athens, the evening ahead of the SAFETY4SEA Conference.
SAFETY4SEA announced the winners of the 2019 SAFETYT4SEA Awards at a prestigious awards ceremony which successfully concluded on October the 1st at Yacht Club of Greece in Athens, the evening ahead of the SAFETY4SEA Conference. SAFETY4SEA Awards are held annually within the scope of awarding industry’s outstanding practices for Excellence, Sustainability, Training, Technology, Initiative, Personality and Leadership.
It has been almost 5 years since the Bahamas-flagged bulk carrier ‘Bulk Jupiter’ sank off Vietnam taking the lives of 18 crew members. Although the accident could not be officially attributed to cargo liquefaction, it opened discussions on the hazards associated with the carriage of bauxite.
IMO’s Sub-Committee on Carriage of Cargoes and Containers, held its 6th session on 9-13 September, focused on launching new initiatives to enable the use of methanol and ethanol as fuel, as well as the use of fuel cells, to meet IMO’s climate strategy.
IMO’s Sub-Committee on Carriage of Cargoes and Containers is meeting for its sixth session this week (CCC 6), on 9-13 September, where it is expected to validate a new IMO Model Course on Safe Handling and Transport of Solid Bulk Cargoes.
Marsden Point, in north New Zealand, came out as the highest-rated bulk terminal in BIMCO’s Terminal Vetting Scheme. Just under 95% of the reports were rated average or better in the BIMCO report, which gave an average rating of 3.6 (out of five), suggesting positive trends for the future.
While the voting procedure for the 2019 SAFETY4SEA Awards is open, Rob Grool, CEO, Zeaborn Ship Management refers to the three basic principles that the company has established to ensure safety at sea. Zeaborn Ship Management has been nominated for the Dry Bulk Operator award.
