SERVICES

Commodities

Star Bulk acquires a modern Supramax vessel

Star Bulk acquires a modern Supramax vessel

Athens - Star Bulk Carriers,a global shipping company focusing on the transportation of dry bulk cargoes, announced that it has entered into a definitive agreement to acquire a Supramax dry bulk carrier from an unaffiliated third party

Saudi Arabia bans Egyptian strawberries

Saudi Arabia bans Egyptian strawberries

Ryadh - Saudi Arabia is banning imports of Egyptian strawberries due to pesticide residues, said Abdel Hamid al-Demerdash, the head of Egypt’s Agriculture Export Council, the latest such ban to hit Egypt as it struggles to revive its economy

Antwerp could be next China rail destination

Antwerp could be next China rail destination

Antwerp - Steel could be the key to making the Port of Antwerp the next major European cargo hub with a direct rail freight link with China. Port officials signed a cooperation agreement with the Chinese Port of Caofeidian

U.S. producer prices unchanged as energy costs drop
Japan core machinery orders fall more than forecast in sign of economic fragility
EU, China fail to agree on steel: trade dumping at summit
Fleet grows slower, dry bulk market recovers

Fleet grows slower, dry bulk market recovers

Athens - When all has been said and done, the recovery of the dry bulk market is down to a number of factors, with the prevailing one being the significant reduction of the dry bulk fleet’s growth. Thankfully for ship owners, this seems to be evolving to a much more stable trend

Newbuilding bulkers’ prices on the rise

Newbuilding bulkers’ prices on the rise

Athens - Newbuilding activity is on the rise for a number of reasons,but demand isn’t the sole reason of the recent price hikes, which have been noted from shipbuilders. According to the latest report from shipbroker Allied Shipbroking, “the combination of a push towards higher spec units by shipbuilders”.

ADS