A Singapore stock exhange error was at first suspected as shares in STX Pan Ocean Co. plunged 64%.The Singapore Exchange said there was no trading error behind the recent 64 percent plunge by shares of STX Pan Ocean Co. (STX), South Korea’s biggest dry-bulk carrier…
US Coast Guard responds to grounding of 1000-ft long freighter hard aground in downbound channel of St. Mary's River. The vessel is carrying approximately 62,000 tons of coal. The motor vessel Paul R. Tregurtha, owned by Interlake Shipping Company of Ohio…
Much has been heard, said and read regarding the advent of Slow Steaming in the global maritime industry. But in reality, how prevalent is the practice? MAN PrimeServ set out recently to find some answers.Being a market leader with the lion’s…
SEAS Act to Repeal Section 100124 of Highway Bill.U.S. Representatives Elijah E. Cummings (D, MD-07) and Jeff Landry (R, LA-03) today introduced the Saving Essential American Sailors (SEAS) Act, H.R. 6170, which would ensure American food aid is transported by American workers…
Diana Shipping Inc. (NYSE:DSX), a global shipping company specializing in the ownership and operation of dry bulk vessels, has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement, to acquire a new-building Post-Panamax dry bulk carrier of 98…
Sean Connaughton, Secretary of Transportation for the Commonwealth of Virginia, oversees seven state agencies with more than 9,700 employees and combined annual budgets of $5 billion. But this transportation professional is perhaps best known to MarineNews readers as the U…
Russia to China bulk cargoes shipped by Nordic Bulk Carriers via theNorthern Sea Route may save them $650,000 on fuel According to Bloomberg, cargoes of dry-bulk commodities hauled through Arctic waters are set to rise to a record this year…
Another Good Month for Lakes Limestone; Up 16 Percent in May. Shipments of limestone on the Great Lakes totaled 3,355,389 net tons in May, an increase of 30 percent compared to April and 15.6 percent better than a year ago. However, shipments were down 9…
A full range of risk awaits Vale’s new transport strategy. Are they on the right course? Vale do Rio Doce, the second largest mining company in the world, is facing various challenges in 2012. These include low iron ore prices in the international market…
Christening of the “Caroline Oetker” and the “Ida Oetker” in ShanghaiOn Saturday, 19 May 2012, A.O. Schiffahrt celebrated the christening of the Kamsarmax bulk carrier Caroline Oetker at the yard of Taizhou Catic Shipbuilding, near Shanghai…
Positive Outlook as St. Lawrence Seaway Opens the 2012 Season. The steel and construction industries pushed the demand for North American commodities such as iron ore, stone and cement, and provided the 2012 shipping season with a solid start…
VSTEP delivers crane simulator for EMO, the largest transshipment terminal for coal and iron ore in Western Europe.For EMO, the largest transshipment terminal for coal and iron ore in Western Europe, VSTEP created a crane simulator for preparation…
HSBC reminds UAE forum of growing importance of MENA (Middle East, North Africa) & China trading corridorsTrade corridors between China and the MENA region carry huge economic growth potential for businesses, offering the greatest prospects…
The Board of Directors of CMB met pursuant to the provisions of the Belgian Code of Companies relating to the existence of conflicts of interest and authorized the company to acquire the dry bulk assets of Delphis on the basis of current market values…
BMT JFA Consultants, a subsidiary of BMT Group Ltd, the leading international maritime design, engineering and risk management consultancy, has successfully completed a series of long term engineering consultancy services for the Southdown Magnetite Project…