As the world economy sputters, so too do the expansion plans for India's state-owned Shipping Corporation of India (SCI), which according to a report on the www.business-standard.com will hold up on its plan to issue new tenders for new vessels…
Veson Nautical, a provider of maritime commercial management and trading software solutions, today announced that Dampskibsselskabet NORDEN A/S (NASDAQ OMX Copenhagen A/S: DNORD), one of the oldest and most respected listed shipping companies in the world…
DryShips Inc. (NASDAQ: DRYS) and OceanFreight Inc. (NASDAQ: OCNF) announced that DryShips has acquired 3,000,856 shares of OceanFreight Inc. The shares were acquired from entities controlled by Mr. Anthony Kandylidis, the CEO of OceanFreight…
OceanFreight Inc. (NASDAQ: OCNF) announced for the three-month period ended June 30, 2011 the company reported a Net Loss of $1 million or $0.16 basic and diluted loss per share. Included in these results is a loss of $2.0 million associated with the sale of M/T Olinda…
Hyundai Heavy Industries, the world’s biggest shipbuilder, today announced the completion of the final performance test for a model ship of 190,000 DWT ice-breaking iron ore carriers at Institute for Ocean Technology in Canada.When the actual 190…
Port of Green Bay sees increase in petroleum exports.Washington, D.C. (August 18, 2011) – The St. Lawrence Seaway statistics for the month of July indicate steady traffic with cautious optimism as the economy continues to rebound.Year…
Diana Shipping Inc. (NYSE:DSX), a global shipping company specializing in the transportation of dry bulk cargoes, has entered into a time charter contract with Morgan Stanley Capital Group Inc., for one of its Capesize dry bulk carriers, the m/v Boston…
Excel Maritime Carriers Ltd, an owner and operator of dry bulk carriers and a provider of worldwide seaborne transportation services for dry bulk cargoes, has announced its operating and financial results for the second quarter and six month period ended June 30…
Genoa-based classification society RINA has established rigorous design standards for the modification or newbuilding of dry bulk cargo carriers to enable them to carry fine ores safely at any moisture content. A number of recent bulker losses…
Georgia Ports Authority’s (GPA) Executive Director Curtis J. Foltz announced that the GPA handled more than 2.9 million TEUs (Twenty-foot Equivalent Unit containers) at the Port of Savannah, more than 465,000 automobiles and machinery units at the Port of Brunswick and nearly 2…
U.S.-flag Great Lakes freighters carried 10 million tons of dry-bulk cargo in June, an increase of 5.2 percent compared to May, but a decrease of 3.3 percent compared to a year ago. The June “float” was also 3.9 percent below the month’s 5-year average…
SCI signed contracts for acquisition of two Supramax bulk carriers on resale basis which were originally contracted by M/s Grand Yard Investment Pvt. Ltd., China and were under construction at M/s Guoyu Shipyard, China. SCI had signed contracts for these two resale vessels during April 2011…
According to Braemar, 2011 is already a record year for dry bulk carrier demolition. In Jan-May 2011, 13.6m Dwt of bulkers have been scrapped, including 7.1m Dwt of Capesize (over 120k Dwt) bulkers. If scrapping continues at this pace for the balance of 2011…
Atlantic Bulk Carriers Management Ltd. has selected Seagull as their onboard training provider using the Seagull Training System (STS) for their bulk fleet and for their head managing office in Greece and manning office in Philippines.Atlantic Bulk Carriers Management Ltd…
Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced today its results for the three month period ended March 31…