Eastern Shipbuilding Group, Inc. is pleased to announce that Florida Marine Transporters, Inc. of Mandeville, LA exercised another additional 90’x32’x10’ “Canal Class” Inland Towboat to the six (6) vessel program currently under contract…
South Africa's National Union of Mineworkers (NUM) said on Monday its members had downed tools at the Koornfontein coal mine operated by Glencore in a dispute over pay.The NUM said in a statement the strike began on Friday after talks brokered by a government mediator were deadlocked…
SEPTEMBER 15, 2014, New York, NY – Today in New York Morton S. Bouchard, III and many local maritime dignitaries officially opened The Bouchard Transportation Co., Inc. Tug & Barge Simulation Center on the campus of the State University of New York (SUNY) Maritime College…
Denmark and its maritime industry are lobbying to get the top position at the International Maritime Organization, a United Nations body that wields great influence over global shipping through its regulations, industry sources said.The current secretary general of the IMO…
Rates for capesize bulk carriers on key Asian routes could continue to fall next week in the absence of major charterers although lower freight rates could tempt top iron ore miners back into the market and potentially buoy rates, brokers said…
The global shipping industry finds no grace from much stronger economic activity going forward, as the global recovery remains fragile and uneven. Shipping being a derived demand of global economic growth, will see lower demand in coming years…
Knightsbridge Shipping Limited and Golden Ocean Group Limited have today entered into an agreement and plan of merger pursuant to which the two companies have agreed to merge, with Knightsbridge as the surviving legal entity. The Combined…
Star Bulk Carriers Corp. (NASDAQ: SBLK) announced that following the settlement and adjudication of the company's subsidiary Star Borealis LLC claim for damages and due hire related to the repudiation of the long-term time charter of the M/V Star Borealis by charterer Pan Ocean Co Ltd…
Netsco announces Jan M. Flores, as Sr. Director of Business Development.Flores comes to Netsco from OSG (Overseas Shipholding Group) where he headed the FSO Group and was responsible for Business Development in the Offshore market. Prior to his assignment with the FSO Group…
Port of Hamburg's has delayed the Deepening and Widening of the Navigation Channel of the Lower and Outer Elbe In this regards the statements by Port of Hamburg Marketing Executive Board Members Axel Mattern and Ingo Egloff on Today’s Decision…
DryShips Inc. announced today that it intends to offer senior secured notes due 2017 (the “Notes”) pursuant to its effective shelf registration statement. The Company expects to use the net proceeds of the offering to refinance, in part, the…
The expansion of the Chinese Manufacturing Industry continued in September at unchanged pace as compared to the month before, BIMCO reports. The manufacturing industry accounts for around 1/3 of the Chinese economy and is a relevant indicator to watch out for in the shipping industry…
The Great Eastern Shipping Company Ltd. (G E Shipping) took delivery of a 2006-built Supramax Bulk Carrier of about 52,454 dwt. The company had contracted to buy the ship earlier this month. Earlier yesterday the company reported having…
Port Metro Vancouver issued an announcement welcoming news of the signing of the Canada-Korea Free Trade Agreement yesterday in Ottawa. The agreement will significantly boost Canada’s trade with South Korea, as well as provide strategic access…
Fednav, a Canadian-owned company and world leader in Arctic navigation, today announced that its vessel, the MV Nunavik sailed from Deception Bay en route to China via Canada's Northwest Passage, with a full cargo of nickel concentrate. The…