Eagle Bulk Shipping reported a loss of $11.1 million in its first quarter. It posted revenue of $45.9 million in the period.Gary Vogel, Eagle Bulk's CEO, commented, “During the first quarter, Eagle finalized the acquisition of 9 Crown-63 Ultramax…
Frederick J. Harris, recently retired president of General Dynamics NASSCO and Bath Iron Works shipyards, has joined the operating executive board (OEB) of private equity firm J.F. Lehman & Company.The OEB is a group of industry and government…
Crude oil tanker company DHT Holdings rejected on Sunday a fifth takeover proposal from shipping tycoon John Fredriksen's Frontline. A statement from DHT Holdings said that its Board of Directors has unanimously rejected Frontline April…
London has risen from sixth place overall in 2015 to fifth place this year the world’s top maritime centre in Menon Economics’ Leading Maritime Capitals of the World report for 2017 – despite the uncertainty of Brexit. UK Chamber of Shipping…
In a ceremony not far from the docks where former Mayor of Boston and U.S. Ambassador to the Holy See Raymond L. Flynn once worked as a young man, Governor Charlie Baker, elected officials, community members and children from South Boston, and…
ENGIE and The AES Corporation have agreed to enter into a joint venture to market and sell liquefied natural gas (LNG) to third parties in Central America. The joint venture will utilize the Costa Norte LNG terminal currently under construction in Colón…
The Shipowners’ Club, the leading mutual P&I insurer in the smaller and specialist vessel sector, has reported resilient results for the year ending 31 December 2016. The Club has reported a combined ratio of 98.6%, an increase in gross tonnage of 0…
Broward County's Port Everglades said it is taking an active role in the state's multimodal freight planning initiative as David Anderton, Port Everglades Assistant Director, was recently appointed to the Florida Freight Advisory Committee. The…
Philly Shipyard, Inc. (PSI), the wholly-owned U.S. subsidiary of Philly Shipyard ASA, and Matson, Inc., a U.S. carrier in the Pacific, today marked a milestone in the construction of the first of two new 'Aloha Class' containerships to be delivered…
Transporter of project, breakbulk and heavylift cargo Intermarine, LLC said it has expanded its liner service from the Mediterranean to the Americas with the appointment of Hugo Trumpy as exclusive commercial agent in Italy for this trade lane…
Fleet Xpress has secured commitments covering in excess of 10,000 ships within 12 months of launch. The milestone has been reached as a result of contracts with individual ship owners, commitments from strategic Partners, and transitioning agreements with existing Inmarsat customers…
FSL Trust Management (FSLTM), as trustee-manager of First Ship Lease Trust (FSL Trust), reported a net profit of $3.4 million for the three months ended March 31, 2017, compared to $2.3 million reported in 1QFY16. This positive result was achieved despite challenging industry conditions and a 17…
Golden Ocean Group Limited has taken delivery of dry bulk vessel Q Kennedy, to be renamed Golden Kennedy. The vessel is the third of 16 dry bulk vessels recently acquired by Golden Ocean in an all-share transaction where the company will issue in aggregate 17…
The international ship managers’ body, InterManager, has extended its global membership by welcoming three new members, the Republic of the Marshall Islands Ship Registry, ARC and SC Innovation. Welcoming the three new members, Capt Kuba Szymanski…
On April 25 Damen’s IMO certified InvaSave ballast water management system (BWMS) received its world premiere in front of an invited audience courtesy of Groningen Seaports at the harbour of Delfzijl and Eemshaven, The Netherlands. This marks…