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…
Diana Shipping Inc. (NYSE:DSX), a global shipping transportation company specializing in dry bulk cargoes, today announced that it has agreed to purchase from an unaffiliated third party the MV 'Corona', a 2007 built Panamax dry bulk carrier of 73…
The Great Eastern Shipping Company Ltd. (G E Shipping) took delivery of its new building Kamsarmax dry bulk carrier “Jag Aditi”. The vessel of about 80,700 dwt was built at STX Offshore & Shipbuilding Co.Ltd, South Korea.With the induction of “Jag Aditi”…
Star Bulk Carriers Corp. (NASDAQ: SBLK), announced that debt finance had been agreed for a pair of Capesize newbuildings.The Company signed commitment letters with a major European bank for senior debt financing of both capesize vessels, currently under construction…
Diana Shipping Inc. (NYSE:DSX), a global shipping company specializing in the transportation of dry bulk cargoes, today announced that it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Panamax dry bulk carriers…
According to a Reuters report, South Korea's SPP Group (www.spp.co.kr) won new shipbuliding orders for a cumulative 15 ships -- reportedly seven of them bulk carriers -- for $660m.
DryShips's (NASDAQ: DRYS) fully-owned subsidiary Ocean Rig UDW Inc. received a Letter of Award from a U.S. exploration company for a four well contract for exploration drilling offshore West Africa for a period of about 300 days, commencing in the first or second quarter of2011…
The U.S.-Flag Great Lakes fleet hauled more than nine million net tons of dry-bulk cargo in November. That’s the first month this year that cargos totaled more than nine million tons in a single month. The November float is a small increase…
Iron ore shipments on the Great Lakes reached their highest level so far this year in November. The trade totaled 4.6 million net tons, an increase of 27 percent over the preceding month.The upturn reflects higher operating rates at the nation’s steel mills that…
A new report, released by Lloyd’s Register - Fairplay Research, predicts that the world’s dry bulk carrier fleet will continue to show strong growth over the next five years, spurred largely by surging demand for iron ore and metallurgical coal…
OceanFreight Inc. (NASDAQ: OCNF), a global provider of seaborne transportation services for both drybulk and energy commodities, announced a new charter for the recently acquired 180,000DWT, 2005 built capesize vessel. Upon delivery, the vessel…
With America’s economy still not hitting on all cylinders, the U.S.-Flag Great Lakes fleet continued to struggle with slumping cargo demand in September. Shipments in U.S. bottoms totaled seven million net tons, a decrease of 36.2 percent compared to a year ago…