The dry bulk shipping company based in Athens DryShips Inc. will be acquired by SPII Holdings Inc. a company controlled by George Economou, under which SPII will acquire the outstanding shares for $5.25 per share in cash, without interest.As previously disclosed…
Australian meat and livestock distributor Wellard said that it has extended ship finance repayment schedules for two of its vessels, the 12,665 GT Ocean Ute and the 33,774 GT Ocean Drover.The live cattle exporter said in a press note that it…
C Transport Maritime (CTM), the vessel management company in the dry cargo ocean transport industry, announced that four of its current members have added seven more vessels to the Supramax Revenue Sharing Agreement (RSA) in July and August 2019…
The US-based shipowner-operator engaged in the global transportation of drybulk commodities, Eagle Bulk Shipping announced the establishment of a new commercial office in Copenhagen, relocating from its existing base in Hamburg.The Copenhagen office will be led by Mathias Groenvald…
The U.S. Great Lakes freighter fleet are well-renowned for being a 'mature' group of ships, a point magnified yesterday when Fincantieri Bay Shipbuilding started construction on the first U.S.-flagged Great Lakes bulk carrier built in more than 35 years…
NORDEN contracted with Enviva to transport 1.3-1.5 million metric tons of wood pellets from the US to Europe over a six-year period. The Contract of Affreightment (CoA), which runs from 2021 to 2026, builds on NORDEN’s long-term collaboration with Enviva…
Norway-based Wilhelmsen Ship Management (WSM) announced that we have been selected as the technical manager for the Stove Shipping AS (Stove) vessels, Stove Friend and Stove Tide.The two supramaxes are the newest addition to the Stove fleet built in 2016 by Tsuneishi shipbuilding Co…
The trade war has brought increased attention to the soya bean trade between the US and China with 2019 offering conflicting narratives. On one hand, soya bean exports to China in the first six months of 2019 are up 10.9% compared with the first half of 2018…
The Baltic Exchange's main sea freight index climbed to a near two week high on Tuesday propelled by strong demand across capesize and panamax vessel segments.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, gained 90 points…
U.S.-flag Great Lakes freighters (lakers) moved 9.9 million tons of cargo in June, an increase of 2.3 percent from a year ago. The June float was, however, a near mirror image of the month’s 5-year average.Iron ore cargos for steel production totaled 5…
Stena Bulk chief executive and president Erik Hanell wrote to Indian prime minister Narendra Modi to personally enter the efforts to secure the release of UK-flagged tanker ship Stena Impero and its primarily Indian crew members, who have been detained in Iran since mid-July…
The Baltic Exchange's main sea freight index rose on Monday, supported by strong demand across capesize and panamax vessel segments.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, rose 26 points, or 1.5%, to 1,774 points…
India's Essar Bulk Terminal Salaya Ltd (EBTSL) posted 160 percent growth in its cargo throughput for the Q1FY2020 which ended on June 30, 2019.As against 0.5 million tonnes (MT) in Q1FY19, EBTSL clocked a cargo throughput of 1.3 MT in Q1FY20…
Cyprus-based maritime technology & marine risk prevention firm Prevention at Sea Ltd has been awarded a contract from Oldenorff Carriers for switching from the traditional paper Oil Record Book to ε-ORB (electronic Oil Record Book).Oldendorff…
The Baltic Exchange's main sea freight index fell for a tenth straight session on Monday to its lowest in nearly a month as a combination of better ship supply and easing demand hurt vessel rates.The Baltic index, which tracks rates for ships ferrying dry bulk commodities…