Dry bulk market back on the road to recoveryFriday, 30 July 2010Freight rates for dry bulk carriers have continued to edge higher this week, with the industry’s main benchmark, the Baltic Dry Index (BDI) gaining once again on Thursday, to reach 1942 points (up by 41 on a daily basis), or 2.16 percent. This was the 10th straight session of increases, despite the fact that most analysts appear rather pessimistic on the short-term prospects of the market. Another conclusion from yesterday’s market, was the continued rebounding trend of the capesize segment, with the respective Capesize... [Read More]
Genco Shipping & Trading Limited Takes Delivery of Supramax VesselFriday, 30 July 2010Genco Shipping & Trading Limited yesterday announced that it has taken delivery of the Genco Lorraine, a 2009-built Supramax vessel. The Genco Lorraine is the first of 13 vessels to be delivered to the Company under Genco's agreement previously announced on June 25, 2010 to acquire 13 Supramax vessels from Setaf SAS, a
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DNV Petroleum Services 1H10 Global Marine Fuel Quality ReviewFriday, 30 July 2010The DNV Petroleum Services half-year marine fuel quality review considers primarily the principal marine diesel fuels, namely, the residual fuels embodied in the IF 180 and IF 380 grades, and increasingly the very high viscosity grades such as IF 500. Mid-2010 is important for two reasons –... [Read More]
Shanghai welcomes foreign shipbrokersFriday, 30 July 2010Foreign-owned shipbroking enterprises will soon be able to get business licenses in Shanghai, the first time for such companies on the Chinese... Read More...
Debate intensifies in Fed over economyFriday, 30 July 2010Debate is intensifying at the Federal Reserve over how best to cope with a weakening recovery, with momentum growing for a concrete plan to prevent a... Read More...
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