China initiates a trial program in Shanghai designed to help the nation’s beleaguered shipowners.Under the new policy by the Ministry of Transport, ships leased by shipping companies from financing firms could be regarded as part of the owner’s…
Diana Shipping Inc. (NYSE:DSX), a global shipping company specializing in the ownership and operation of dry bulk vessels, has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement, to acquire a new-building Post-Panamax dry bulk carrier of 98…
Demolition Prices for elderly ships have fallen by a quarter in 2012 to date, and owners are encouraged to dispose of recycling candidates sooner rather than later, says Mark Williams of Braemar Seascope. Addressing the 7th Annual Ship Recycling Conference in London on 19th June…
Concordia Maritime signed a contract with Guangzhou Shipbuilding International (GSI), China for the delivery of two chemical parcel tankers of approx. 50,000 dwt at the end of 2014/beginning of 2015. The investment amounts to around $78.6m and…
Gujarat government's plan to upgrade the Alang Ship Recycling Yard opposed by the operators The Japan-backed ambitious $22-million plan of the Gujarat government to upgrade the Alang Ship Recycling Yard, which is the largest in Asia, has…
US Government auctioneers invite bids for ex- 'Sea Shadow', inspiration for 007 movie, and USN's first 'Stealth' warshipAuctioneer's catalogue states as follows:Bid deposit US$ 10,000The ex-Sea Shadow (IX-529), year built: 1983, builder: Lockheed Martin…
CTG ship-breakers import 42 large ships in last two monthsChittagong-based ship-breakers imported 42 large-sized recyclable ships in February and March this year at a cost of US$ 45 million, according to Jasim Khan's news report in the Financial Express…
The Board of Directors of CMB met pursuant to the provisions of the Belgian Code of Companies relating to the existence of conflicts of interest and authorized the company to acquire the dry bulk assets of Delphis on the basis of current market values…
The Federation of National Associations of Shipbrokers and Agents, (FONASBA), has endorsed the newly released SALEFORM 2012, developed jointly by the Norwegian Shipbrokers Association (NSA) and BIMCO. SALEFORM is the shipping industry’s most…
Star Bulk Carriers Corp. (Nasdaq: SBLK) has entered into an agreement to sell the Star Ypsilon, a 150,940 dwt Capesize vessel, built 1991, to a third party for a contracted sale price of $9.12 million. The Company plans to deliver the vessel to the buyers within March 2012…
Damen Shipyards delivers three Cutter Suction Dredgers to Azerbaijan. On 24 January 2012 Dutch shipbuilder Damen Shipyards delivered three Cutter Suction Dredgers of its CSD 500 series to the Ministry of Emergency Situations (MES) in Azerbaijan…
The U.S. Army Space and Missile Defense Command/Army Forces Strategic Command (USASMDC/ARSTRAT) has awarded a $36 million contract to Brunswick Commercial and Government Products (BCGP) to supply up to sixty 32-foot and 37-foot Boston Whaler Justice models…
Huakai and Alakai Go for $35 Million.The U.S. Department of Transportation’s Maritime Administration has transferred two high speed vessels, the Huakai and the Alakai, to the U.S. Navy. The Navy plans to use the vessels to transport troops…
Roy Sea Joins IYC as Florida and California Licensed Yacht Broker. International Yacht Collection (IYC) has announced that, effective immediately, Roy Sea joins the global yachting firm as a Florida and California Licensed Yacht Broker. With a yachting background that spans forty years…
Kirby Corporation Announces Purchase of Three Coastwise Tank Barge and Tug Units; Purchased Seaboats, Inc. coastwise tank barge fleet consisting of three 80,000 barrel tank barge and tug units for $42.3 million in cash. Kirby Corporation has…