Login
Vale2.JPG
Photo: PR: VALE

Mining giant Vale loses port dispute with Navios

Bulk:

Brazil's Vale must, according to a UK arbitration decision, pay compensation to Navios if the mining company insists on canceling a 20-year contract for a new port under construction.


BY OLE ANDERSEN
Published 23.12.16 at 11:54

Log in to read articles

Some of our content is exclusively for subscribers.

Try ShippingWatch free for 14 days

Get 14 days free trial access

Sign up for ShippingWatch newsletter
Most read Bulk

Pirates kidnap crew and shoot seafarer to death

Kig på pirater.jpg Bulk:

Six seafarers have been kidnapped and one shot to death on a dry bulk vessel in Philippine waters, reports piracy watchdog ReCaap on Monday. This marks the second kidnapping in 2017.

Klaveness on bulk in 2017: Slightly better but not good

Bulk:

The dry bulk market has left rock bottom behind in 2016, yet 2017 will not be much better, CEO of Torvald Klaveness, Lasse Kristoffersen, tells ShippingWatch.

Analyst agency: Project cargo set to go from bad to worse in 2017

Bulk:

The ailing multi-purpose and heavy lift sector could tumble further down next year, for which very few contracts have been signed so far, according to assessments from operators. Drewry downgrades its already weak forecast.

Analysts: Dry bulk shares will be winners in 2017

Bulk:

After a brutal start to 2016, it now seems that 2017 will be a much better year for dry bulk carriers such as Norden and Golden Ocean, which currently boast positive recommendations from Danske Bank as well as Clarksons Platou.

Thorco Projects and MC-Schiffahrt in new pool collaboration

Bulk:

Thorco Projects and Hamburg based MC-Schiffahrt will place 14 multipurpose vessels into a new pool, and the partners plan to bring more players to the collaboration, inform the carriers Tuesday.

Thorco chairman: German banks are monopolizing the market

Bulk:

The multipurpose carrier Thorco Projects is working to create an alternative to new and large companies in Germany, where the banks have boosted an industry consolidation, says chariman.

Current front page

China fines 14 carriers for illegal price practice

cmacgm.jpg Container:

Several container carriers have received penalties in China for failing to provide correct information about their freight rates to the Chinese ministry of transports. The carriers fined include CMA CGM and Hamburg Süd. But the size of the fine is fairly modest.

Eimskip's acquisition of Nor Lines blocked

Container:

Norway's competition authority objects to Icelandic carrier Eimskip's acquisition of shipping and logistics company Nor Lines. Eimskip now has 15 days to present its counterarguments.

Damco CEO: Time to invest again

Ports:

"Damco needs to shift gears if the company is to achieve profitable growth," CEO Klaus Rud Sejling tells ShippingWatch after a multiple-year turnaround at Damco.

Klaveness on bulk in 2017: Slightly better but not good

Bulk:

The dry bulk market has left rock bottom behind in 2016, yet 2017 will not be much better, CEO of Torvald Klaveness, Lasse Kristoffersen, tells ShippingWatch.

Shipowners and ports in direct disagreement on EU's CO2 plan

Ports:

The maritime sphere in Europe is far from in agreement when it comes to limiting CO2 emissions from shipping. While the shipowners are highly critical of the European Parliament's plan to include CO2 in a cap trading system, the ports praise the proposal. "Most unfortunate," say the shipowners.

Drewry: Things looking better on routes from Asia to South America

Container:

The final months of 2016 brought improvements on the routes from Asia to the east coast of South America. But there is still a long way to go in terms of the activity noted on the routes in the past, writes analyst firm Drewry, warning against excessive optimism.

ADVERTISEMENT
ADVERTISEMENT

Vacancies

ADVERTISEMENT