Mitsubishi Heavy Industries, Ltd. (MHI) has entered into an agreement with Odense Maritime Technology A/S (OMT) of Denmark, a provider of ship design services, on collaboration in ship engineering business. The companies said they plan to combine…
While steaming some 700km west of Guam on January 20, Mitsui O.S.K. Lines, Ltd. operated coal carrier C. S. Sunshine rescued all 24 Chinese crew members of a disabled freighter January 20.At 8:15 a.m. (local time) on January 20, the Panama-registered C…
Euroseas Ltd. has announced that it entered into an agreement to sell 25,000 shares of its Series B Convertible Perpetual Preferred Shares to a fund managed by Tennenbaum Capital Partners, LLC (TCP) and 5,700 shares to Preferred Friends Investment Company Inc…
The Board of Directors of Heidmar has announced the appointment of Hans van der Zijde as Heidmar's new Chief Executive Officer.Mr. van der Zijde graduated from the Nautical Academy of Rotterdam in 1985 and subsequently studied Maritime and Logistic Management there…
The London P&I Club said the lifting of an iron ore ban in India, together with the recent total loss of two ships, has put the spotlight once again on the problem of cargo liquefaction.In the latest issue of its StopLoss Bulletin, the club said…
The Panama Canal registered a tonnage record of 87.7 million PC/UMS tons (Panama Canal Universal Measurement System) during the first quarter of the fiscal year (FY), a 4.8% increase from what was forecasted. “These results reaffirm Panama…
A new addition to the existing catalogue of the American P&I Club’s e-learning modules covers compliance with the mandatory requirements of the IMO’s International Maritime Solid Bulk Cargoes (IMSBC) Code.Speaking in New York, Dr William Moore…
Examining areas of change and growth in shipping is the focus of the 20th annual Hellenic-American and Norwegian-American Chambers of Commerce conference, often called the New York Shipping Conference. Entitled “Today’s Vision- Tomorrow’s Reality”…
ACP reaffirms it's commitment to the 'Expansion Program' in a prepared statement, addressing recent turmoil with construction contractor.The Panama Canal Authority (ACP) reaffirms its commitment to the international maritime community and…
IMO audit teams will shortly be established to verify construction rules for bulk carriers and oil tankers of classification societies which act as recognized organizations (ROs), following the receipt of requests for verification by the December 31…
Kinder Morgan Announces Acquisition of Jones Act Shipping Tankers in U.S. for Approximately $962 Million.Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced it has entered into a definitive agreement to acquire American Petroleum…
Star Bulk Carriers Corp. (Nasdaq: SBLK) took delivery of M/V Star Challenger (formerly M/V “Supra Challenger”), a 61,462-dwt Ultramax bulk carrier of built in Japan by Imabari Shipbuilding Group in November of 2012.The ship has been employed…
The Baltic Exchange inform it will be making significant amends to the Baltic Capesize Index including a change to its vessel description, amends to the route weightings and the addition of three new routes, as follows: The move follows…
Upon completion of the expansion of the Panama Canal, the cost to transport grain from the U.S. corn belt to Asia will drop by an estimated 12%, thus increasing the cost competitiveness of the U.S. as a grain exporter to Asia, Rabobank forecasts…
Classification society ClassNK and Rio Tinto Iron Ore (part of the Rio Tinto Group, one of the world’s largest metal and mining companies), announced that they have signed a collaborative agreement focused on the safe carriage of iron ore. The…