Breakbulk News

Up-to-date breakbulk news and analysis about the end-to-end movement of breakbulk cargo and heavy lift and project cargoes. Coverage tracks breakbulk news about premier gateway ports, terminals, carriers and charterers. It also covers wind cargo, roll-on/roll-off (ro/ro) newbuildings, storage and processing capacity, inland supply chain connectivity and landside transport for energy, infrastructure, construction and other industries.

The latest Breakbulk News & Analysis

Rickmers converts from a KG to corporation; possible IPO prelude

Bruce Barnard, Special Correspondent |
Rickmers Holding has switched its legal status from limited partnership to stock corporation, paving the way for a potential initial public offering by Germany’s biggest container ship owner and manager, most likely in New York.
Breakbulk carriers

Why breakbulk's recovery failed

Michael Hollmann, Special Correspondent |
After the world financial meltdown and recession of 2008, many hoped that the market balance in multipurpose shipping could be restored by at least 2015.
MaritimeBreakbulk News

Rickmers profit stalls, revenue falls

Bruce Barnard, Special Correspondent |
Rickmers Group’s net income stalled and revenue declined in 2014 but Germany’s leading container ship owner and manager continued to grow its fleet and restructured its loans.
Breakbulk carriers

Rickmers Maritime slides into the red in 2014

Bruce Barnard, Special Correspondent |
Rickmers Maritime sank to a $16 million net loss in 2014 from a $23.5 million profit in the previous year as impairments and lower containership charter rates in the third quarter offset a profitable final three months.
Breakbulk carriers

Breakbulk carriers face critical year as competition builds

Peter T. Leach, Editor-at-Large |
So many breakbulk and heavy-lift carriers are losing money that industry analysts expect some smaller carriers to face bankruptcy in 2015 or consolidation with other carriers, at the very least.
ForwardingBreakbulk News

Baltic Reefers acquires NYK’s reefer division

Grace M. Lavigne, Associate Web Editor |
Baltic Reefers will acquire NYKCool from NYK Reefers, the refrigerated shipping segment of Japanese shipping giant NYK Line on Sept. 1.
Breakbulk carriersCool Cargo News

Rickmers-Linie (America) names new president, CEO

Grace M. Lavigne, Associate Web Editor |
Rickmers-Linie has named Waldemar “Val” Poulsen as president and CEO of Houston-based Rickmers-Linie (America), effective July 1.
Breakbulk carriers

Widdows Out as Rickmers Group CEO

Bruce Barnard, Special Correspondent |
Ron Widdows, the high-profile U.S. chief executive officer of Rickmers Group, will step down from his post tomorrow, May 1, the leading German shipowner announced today as it posted its 2013 results.
Breakbulk carriers

Breakbulk, Heavy-Lift Market Poised for Resurgence

Peter T. Leach, Editor-at-Large |
The market for breakbulk and heavy-lift ocean cargo is emerging from the doldrums it experienced last year. Although a backlog of global industrial projects carried the heavy-lift sector through 2012 and construction of new pipelines and wind farms in the U.S. filled inbound multipurpose breakbulk vessels that year, demand largely dried up in 2013. But the picture is brightening, and the market is positioned for a significant recovery in 2014 and 2015.
ForwardingBreakbulk News

Rickmers Maritime Trust Sets Up Corporate Bond Program

JOC Staff |
Rickmers Maritime Trust has established a Singapore $300 million (about US$240.5 million) corporate bond program to fund capital expenditure.
Breakbulk carriers

Rickmers Boosts Bond as Profit, Revenue Shrink

JOC Staff |
Rickmers Group is adding €75 million (about US$103.4 million) to its €175 million corporate bond issued in June.
Breakbulk carriers

Rickmers Teams Up With US Investor to Buy Container Ships

JOC Staff |
Rickmers Group, the German shipowner, has established a joint venture with funds linked with U.S.-based Apollo Global Management to buy container ships.
Breakbulk carriers

Rickmers Maritime Rights Issue Oversubscribed

JOC Staff |
Breakbulk carriers

Rickmers Holding Issues 200 Million Euro Bond

JOC Staff |
Breakbulk carriers

Rickmers-Linie Adds 10th Ship to Pearl String Service

JOC Staff |
Rickmers-Linie has added a 10th vessel on its eastbound round-the-world Pearl String Service, which connects Europe, Asia and North America, as part of its continuing investment program.
Breakbulk carriers

Rickmers-Linie Charters Vessel for Middle East, India Fleet

JOC Staff |
Rickmers-Linie has decided to charter into its fleet the 19,100 deadweight ton, 2012-built Pacific Winter.
Breakbulk carriers

Rickmers-Linie Expands Philadelphia Service

JOC Staff |
Rickmers-Linie will expand its service at the Port of Philadelphia with the addition of a westbound service connecting Asia, South America and North America...
Breakbulk carriers

Rickmers Joins With Oaktree to Order Eight Container Ships

JOC Staff |
Breakbulk carriers

BBC Chartering USA Appoints New President

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BBC Chartering &amp; Logistic on Sept. 3 named Per Petersen president of BBC Chartering USA. <br /> <br />
Breakbulk carriers