Recent decision by three large charterers only to use relatively energy efficient vessels attacked by bulk carrier owner's group Intercargo.Cargill, Huntsman Corporation and UNIPEC UK, who together charter over 350 million tonnes of commodities annually…
Charter rates for capesizes have risen 50 percent from lows in mid-September.Rates have risen because of increasing demand as well as customers having to pay more to persuade shipowners to take their vessels out of lay-up, reports Bloomberg…
Intercargo the trade Association representing the interests of the bulk shipping industry, has announced the appointment of Mr John Platsidakis as Chairman. Mr Platsidakis is currently Managing Director of Piraeus-based Anangel Maritime Services Inc…
Daiichi Chuo K.K. may cancel ship orders, pare its fleet & sell new stock after getting emergency financing from shareholder Mitsui O.S.K. Lines Ltd.To help weather a slump in dry-bulk rates the company is in talks about canceling or delaying…
Clipper Group grows from a small ship owner/operator to a substantial size & celebrates 40 years in shipping.Clipper started primarily as an operator in the dry cargo segment. In the 1990's, the company grew to be a shipowner as well, and has since then taken delivery of 179 vessels…
BIMCO has released a standard pooling agreement for use by tramp pools operating in dry and liquid bulk trades primarily on a COA or spot basis.After nearly three years of development work BIMCO has released for publication the industry’s first standard pooling agreement…
Time charters for Greece-based Hellenic Carriers' bulk ships 'Konstantinos D' & 'Hellenic Wind' have been fixed.The M/V Konstantinos D has been fixed for a period of 4-6 months at a daily gross hire rate of US$ 7,600. The charter commenced on 29 September 2012…
ClassNK (Chairman and President: Noboru Ueda) announced that its register surpassed the 8000 ship milestone, totaling 8036 ships of 206,927,557 gross tons as of the end of August 2012.The Society’s register topped 6000 ships in 1989 and reached 7000 in 2008…
DryShips Inc. (NASDAQ: DRYS) a provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc., or Ocean Rig, of off-shore deepwater drilling services, today announced that Pankaj Khanna…
China Rongsheng Heavy Industries delivers two 380,000 dwt Very Large Ore Carriers (VLOC) to Vale S.A. & Oman Shipping Co.Christened as “VALE HEBEI” and “VALE SOHAR”, the latter new-building passed all inspections and surveys after just one week of sea trials…
COSCO Corporation (Singapore) announce delivery of vessels by its subsidiaries Nantong Shipyard & Guandong Shipyard in China.COSCO (Nantong) Shipyard Co., Ltd has delivered its new build deep water semi-submersible drilling rig “ISLAND INNOVATOR” to its Norwegian ship-owner…
Troubled Greece-based Excel Maritime Carriers has agreed with its lenders to effectively extend its equity raising commitment through December 31, 2012.Excel Maritime Carriers has agreed with its lenders under its $1.4bn syndicated credit facility to effectively extend…
Classification society ClassNK gains Safety Award for its efforts to ensure the safe carriage of nickel ore cargoes at the Lloyd’s List Global Awards.The Lloyd’s List Global Awards, held each year in London by leading maritime media company Informa…
'MV Star Norita', a 58,000 dwt supramax bulk carrier named and delivered from Tsuneishi (Zhoushan) Shipbuilding Inc., China.The vessel is a sister of the recently delivered Isabelita, Bonita and Kristinita of the TESS 58 design. Star Norita is 100% owned by Ugland Shipping AS…
Clay Maitland is a ubiquitous figure in the global shipping circuit, never shy to share his accrued maritime experience of more than 40 years, ask the tough questions or supply the blunt opinion. Set to celebrate his 70th birthday later this year but not slowing a step…