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Photo: PR-foto/Rio Tinto

Rio iron ore export slowdown signals boost to rebounding prices

Suppliers:

Miner Rio Tinto's decision to cut its 2017 iron ore shipping guidance looks set to bolster commodity prices that have rebounded on stronger demand from China than forecasted.


BY DAVID STRINGER, BLOOMBERG
Published 18.07.17 at 09:27

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Most read Suppliers

IBIA pleased with penalty for bunker company in Singapore

Hyundai Merchant Marine singapore havn container port Suppliers:

The International Bunker Industry Association praises the Maritime and Port Authority of Singapore for suspending violators from the major bunkering port, and the association is working with Singaporean players to close loopholes associated with bunker fraud.

Study: Problems with half of all ballast water systems

Suppliers:

Close to half of all ballast water management systems installed on vessels in the global fleet are not working or are deemed problematic, shows new study performed by classification bureau ABS.

Wärtsilä hit by engine-fraud scandal

Suppliers:

Following an internal audit, it has surfaced that Wärtsilä is dealing with a case regarding fraud with the test results of its engines. Two percent of the engines may be affected. Employees at the company are responsible.

"World's biggest bunker market is the world's toughest"

Suppliers:

Competition on the Singapore bunker market is extremely fierce, but Dan-Bunkering can still win there, the company's new Head of Operations, Asia, tells ShippingWatch. Read on to learn how.

Monjasa-owners found new company

Suppliers:

African Sprinter Shipping is the name of a new company founded by the two owners of bunker company Monjasa, Anders Østergaard and Jan Jacobsen, on November 1st 2014.

Media: Deloitte to receive penalty for role in South Korean yard scandal

Suppliers:

South Korea's Financial Services Commission will bar accounting firm Deloitte for a year following the scandal related to accounting fraud at Daewoo Shipbuilding & Marine Engineering.

Current front page

J. Lauritzen still strained despite improvements

lauritzen1.jpg Bulk:

J. Lauritzen was able to reduce its deficit in the second quarter 2017. But an actual comeback for the strained dry bulk rates still seems far off, says CEO Mads P. Zacho. (Being updated)

Pacific Basin looking at new asset acquisition opportunities

Bulk:

Among the dry bulk carriers, Pacific Basin is one of the few players so confident in the market that it has performed a significant fleet expansion. And more could be under way. ShippingWatch has interviewed CEO Mats Berglund about where the optimism comes from.

Smedegaard aims to land two acquisitions this year

Carriers:

The second quarter was historically good for DFDS which also bought new vessels during the period. CEO Niels Smedegaard tells ShippingWatch that there are two acquisitions in the pipeline, which he hopes to land this year. "It is a nice situation to be in," he says.

Jan Rindbo: Dry bulk rates must rise to ensure profit

Bulk:

They have seen the highest dry bulk rates in four years but it is still not enough, Norden CEO Jan Rindbo tells ShippingWatch. The carrier's bright spot came in the form of the struggling tanker segment.

Alphaliner: APM Terminals could be leaving India

Ports:

An Indian newspaper reports that APM Terminals is preparing to sell its large stake in port Gateway Terminals India. If the sale happens, it could indicate that APM Terminals is on track to leave India entirely, writes Alphaliner in an analysis.

Svitzer will sell 11 laid-up vessels

Carriers:

The Maersk Group's towage company Svitzer will sell 11 laid-up vessels which have no prospect of securing work at sustainable prices due to market overcapacity.

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