Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Panamax dry bulk vessels, the m/v Coronis.The global shipping company…
Shipping group Golden Ocean warned on Tuesday its profit would be hit by a slowdown in demand due to the coronavirus outbreak in China, sending its shares down more than 3% in early trade.The world's second-biggest economy has seen business…
Singapore shipping company Pacific International Lines (PIL) has announced that it is quitting the Transpacific market as part of an optimization strategy. The shipping line has been participating in a half-dozen trans-Pacific services, mostly in slot-charter arrangements…
Diana Shipping announced that it has received a notice of cancellation of the Memorandum of Agreement (MoA), between a separate wholly-owned subsidiary and an unaffiliated third party, to sell the 2005-built Panamax vessel “Calipso”, as previously announced…
Diana Shipping announced that through a separate wholly-owned subsidiary, it has entered into a time charter contract with BHP Billiton Freight Singapore Pte. Ltd., for one of its Newcastlemax dry bulk vessels, the m/v Philadelphia.According…
The provider of marine transportation of dry bulk commodities Scorpio Bulkers has agreed to sell and leaseback two Ultramax vessels (SBI Cronos and SBI Achilles) and one Kamsarmax vessel (SBI Lynx) to Ocean Yield ASA for a total financing consideration of $62…
The Baltic Exchange's main sea freight index declined on Friday as lower rates for capesize and supramax segments offset gains in the panamax category.The Baltic index, which tracks rates for capesize, panamax and supramax vessels to ferry dry bulk commodities…
South Korea' Financial Services Commission has announced 820 billion won ($690 million) in funding to help modernize aging passenger boats and cargo ships.According to a Yonhap, the package is meant to help smaller shipping companies build 59 new ships -- 21 passenger boats and 38 cargo vessels…
Ukraine officials and traders do not expect the coronavirus epidemic to have an impact on the country's grain exports to China, although there are delays to transport and disruption to logistics throughout the country.China is a major importer of Ukrainian corn and sunflower oil…
Capesize index plummets to -133, the first time ever in negative territory – is it all up from here?The Baltic Exchange Capesize Index (BCI) dropped to -133 index points on February 4, 2020, turning negative for the first time ever on January 31…
Finnish shipping company Meriaura, part of Meriaura Group, announced that general cargo ship M/V Friendland (DWCC 4450 t) has joined its fleet.Friendland (built 2002) has dead weight/volume ratio (7200 m3) and is therefore a welcome addition to the fleet…
Bulgarian shipping company Navigation Maritime Bulgare (Navibulgar) ordered a new series of four 31800 ton bulk carriers in the Chinese Shipyard Jiangsu New Yangzi Shipbuilding Co.The century-old, largest ship-owning company in the country said…
Diana Shipping announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party, the 2002-built vessel “Norfolk”.The delivery to the buyer is scheduled for latest by February 25…
The technology solutions provider for the marine and energy markets Wärtsilä has been selected to provide the complete system design and full equipment scope for two new 9300 DWT self-discharging bulk carriers featuring hybrid propulsion.The…
Performance Shipping, a global shipping company specializing in the ownership of vessels, announced that, through a separate wholly-owned subsidiary, it took delivery of the M/T P. Fos (formerly M/T Virgo Sun).The vessel is a 2007-built Aframax tanker vessel of 115…