Dry bulk shipping in for a rough 2016
The dry bulk shipping sector could see further bankruptcies as weak demand and overcapacity places continued pressure on freight rates in 2016.
Handling
Advertisement
Norfolk Southern rejects revised takeover bid
US rail operator, Norfolk Southern, has rejected a revised takeover bid from Canadian Pacific as “grossly inadequate.”
Westshore Terminals further reducing sales
Following continual declines in thermal coal prices, Westshore Terminals and Global Coal Sales Group are restructuring their agreement for coal volumes for 2016 – 2018.
Centralia FCR plant celebrates first anniversary
The Coalview Centralia fine coal recovery plant is celebrating a year since its commissioning.
TerraSource Global announces new president
Jason Burlage has been appointed President of TerraSource Global, manufacturer of the Gundlach Crushers, Jeffrey Rader and Pennsylvania Crusher brand equipment.
Shipping Indonesian coals: the hazards
The UK P&I Club has recently highlighted the risks involved with shipping Indonesian coals and the steps shipping companies can take to mitigate them.
Dry bulk shipping to stay in the red until 2017
The dry bulk shipping market will not return to profitability until 2017 as weak demand and an oversupply of vessels continue to dominate the market.
Dry bulk carrier orders remain weak
Orders for dry bulk carriers are significantly down on 2014 levels as the industry struggles against overcapacity.
CSX revises down full-year growth forecast
US rail operator, CSX, has lowered its full-year growth forecast on the back of weaker 4Q15 coal shipments.
Cloud Peak and BNSF amend transportation agreement
US coal company, Cloud Peak Energy has amended its transportation agreement with BNSF on weak outlook for US coal exports.
Weekly coal news highlights: 23 – 27 November 2015
A round-up of some of this week's key news items from the international coal industry, from updates on coal-fired power plants to the latest sales and acquisitions.
SSAB and Aspo ESL Shipping to reduce CO2 emissions
SSAB and Aspo Group’s ESL Shipping Ltd have signed a long-term frame agreement reduce CO2 emissions and reduce overall logistics costs.
CP bids for Norfolk Southern
North American rail company, Canadian Pacific, has made an offer for US rival, Norfolk Southern.
A week in coal: 16 – 20 November 2015
A round-up of some of this week's key news items from the international coal industry, from updates on clean coal technologies to the latest on the UK ending its coal-fired power plants.
Chute Technology recognised at Australian Bulk Handling Awards
Chute Technology has been named as a 2015 Australian Bulk Handling Awards finalist for its dust and spillage prevention technology.