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Genco embarks on capital raise 23 February 2012 Bulk shipper looking to raise $50 million. ┬á (CW Group) Genco Shipping & Trading announced that it has commenced a public offering of common stock. Genco plans to offer, subject to market and other conditions, $50 million in shares of its common... Type: Article Category: Shipping & logistics GCC plans grain storage network 23 February 2012 Port in the United Arab Emirates. The port was chosen since it is close to the Strait of Hormuz and close to ports and the shipping hubs. If the AAID decides to go ahead at the end of the study, by the year-end, private investors will be invited to... Type: Article Category: Markets & trade Bangladesh and India fail to reach trade agreement 22 February 2012 Countries fail to renew shipping protocol. [$] ┬á (CW Group) [PAID={"id":"12,13,14","title":"The content you tried to access is only available to paid subscribers.","link":"1"}] The 14th Standing Committee meeting on the Protocol on Inland Water... Type: Article Category: Shipping & logistics Iran sanctions strips Indian ships of insurance 22 February 2012 Indian shippers face limited choices for insurance providers. ┬á (CW Group) Indian shipping firms will find it difficult to obtain insurance coverage to continue importing Iranian crude oil due to new European Union sanctions reports Reuters. ┬á... Type: Article Category: Shipping & logistics IndiaÔÇÖs first mini cape ship docks at Hazira 21 February 2012 ÔÇ£MV Kamlesh" carried load of coal cargo. ┬á (CW Group) Essar Shipping announced that IndiaÔÇÖs first mini cape ship the ÔÇ£MV Kamlesh" has docked at the port of Hazira carrying a load of coal reports Times of India. ┬á The ship carried 100,000 tons... Type: Article Category: Shipping & logistics Barges remain integral for US shipping 21 February 2012 are still cheaper to operate and have lower carbon foot prints. In recognition of the part barges play in the countryÔÇÖs shipping industry, the US Army Corps of Engineers have unveiled a program to dredge AmericaÔÇÖs large inland waterways to create... Type: Article Category: Shipping & logistics Brazilian port workers go on strike 20 February 2012 Strike exacerbates effects of shipping accident.[$] ┬á (CW Group) [PAID={"id":"12,13,14","title":"The content you tried to access is only available to paid subscribers.","link":"1"}] Stevedores and other workers at Paranagua went on strike last week to... Type: Article Category: Ports & handling India: Sical gets approval for coal terminal 20 February 2012 rights granted to Chettinad International Coal Terminal Pvt. Ltd to handle coal at Ennore port is maintained. Demand for shipping coal through Ennore has surged after the Madras high court directed the nearby Chennai port, to stop handling dusty cargo... Type: Article Category: Ports & handling Shipping industry sees trend towards ever larger ships 20 February 2012 The China Shipbuilding Industry Shanghai Shipbuilding Technology Research Institute stated that it sees the global shipping industry to opt for ever larger ships reports EWorld ships. ┬á The trend towards larger ships is part of a developing trend as... Type: Article Category: Shipping & logistics Port of San Diego rezones terminal site 20 February 2012 federal initiatives aimed at doubling U.S. exports by 2015. The 10th Avenue terminal, located off Harbor Drive, is home to shipping and storage facilities of companies including Dole Fresh Fruit Co., San Diego Refrigerated Services Inc. and Cemex... Type: Article Category: Ports & handling Hampton Roads to benefit from Panama Canal expansion 20 February 2012 has some challenges it needs to overcome such as how to position itself as one of the first stops in a shipÔÇÖs route. Shipping lines generally call on a series of ports, discharging and taking on cargo at one site after another as part of a "rotation."... Type: Article Category: Ports & handling Port of Savannah set for expansion 20 February 2012 plan will help move Georgia from a regional freight hub to a true global crossroads. The plan calls for deepening the shipping channel in the Savannah River from 42 to 48 feet so the Port of Savannah can accommodate the larger freighters that will begin... Type: Article Category: Ports & handling China: CSA to monitor valemax situation 17 February 2012 to slash transport costs and speed up shipments. The CSA has opposed this move saying the ships will harm the domestic shipping industry and has successfully lobbied the government to slap a ban them from docking at Chinese ports. The Brazilian... Type: Article Category: Shipping & logistics Star Bulk Carriers' revenues falls 15% 16 February 2012 Dy bulk cargo shipper hit by market weakness. ┬á (CW Group) Star Bulk Carriers, a global shipping company focusing on the transportation of dry bulk cargoes, today announced that its Board of Directors declared a cash dividend of $0.015 per outstanding... Type: Article Category: Shipping & logistics US Great Lakes coal volumes decline 16 February 2012 Overall shipping volumes in Great Lakes increase. [$] ┬á (CW Group) [PAID={"id":"12,13,14","title":"The content you tried to access is only available to paid subscribers.","link":"1"}] Coal shipments in the US Great Lakes declined 53 percent in January... Type: Article Category: Shipping & logistics Shipping markets seen to continue slide 16 February 2012 Shipping glut seen to depress market. [$] ┬á (CW Group) [PAID={"id":"12,13,14","title":"The content you tried to access is only available to paid subscribers.","link":"1"}]Analysts predict that conditions in the dry-bulk shipping market are likely to... Type: Article Category: Shipping & logistics Australian cement makers warn about shipping reforms 15 February 2012 the industry, reports Business Spectator. The warnings comes from the Cement Industry Federation, which said that coastal shipping legislation due to be introduced to parliament this session will increase freight costs for its member companies, as well... Type: Article Category: Markets & Competition Ohio River System shipping traffic grows 15 February 2012 system, while aggregates like limestone were the next most frequently shipped commodity. The Engineer Corps have said that shipping material via the river is also very environmentally friendly due to the low amounts of emissions. A barge puts out 19.3... Type: Article Category: Shipping & logistics Canadian grain exports competitiveness up 15 February 2012 grain exports have long been at a disadvantage compared to other areas due to longer transit times. ┬áHowever lower shipping rates have narrowed the freight disadvantage, making it more competitive for Canadian grain distributors. Analysts say that the... Type: Article Category: Markets & trade Ukraine to limit grain shipments 15 February 2012 are also being limited by severe winter conditions, high winds and ice in the ports. The grain affected the most by the shipping limits are the countryÔÇÖs wheat exports with corn shipments being largely unaffected. This comes after the country recorded... 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