NORDEN has opened a new office in Vancouver, Canada, as the Danish ship owner seeks to expand its global reach and local presence on the North American West Coast. “The new and increased presence on the West Coast will strengthen NORDEN’s…
Oslo based financial investor Rasmussengruppen sold its entire stake which is 4.8 million shares of Danish dry bulk bulker owner Norden. A press statement said: 'In accordance with section 29 of the Danish Securities Trading Act, it is…
Diana Containerships announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Wan Hai Lines (Singapore) for one of its Post-Panamax container vessels, the m/v Hamburg. The global shipping…
South Korean shipper Pan Ocean has won a 1.98 trillion won ($1.82 billion) contract to transport iron ore over a period of 27 years for Brazilian mining giant Vale, Reuters reported. The South Korea company said in a regulatory filing that…
Freight rates for large dry cargo ships on key Asian routes, which hit three-year highs this week, are likely to rise further on a shortage of ships available for immediate charter, brokers said. Rates for 180,000 deadweight tonne (DWT)…
Thoresen Thai Agencies sells M.V. Thor Horizon, a general cargo vessel with a rated capacity of 47 111 DWT and built in 2002 for just over US$5.38 million. 'The Vessel was sold to a company which is not a connected person of the Company by Thoresen Shipping Singapore Pte…
Hempel has launched Hempadur Ultra-Strength Fiber 47510, a new cargo hold coating said to deliver up to 40 percent reduction in cargo holds maintenance costs, according to the coatings manufacturer.Hempel said the new coating is specifically…
UAE-based Tomini Shipping has increased its fleet size further with an order for three Kamsarmaxes. The 82,000 DWT ships are being built by Taizhou Kouan Shipbuilding Co, a successful private shipyard in China with over 40 years of shipbuilding experience…
Boston Carriers announces that on October 2017, Nikiforos completed a spot voyage contract to transport approximately 33,000 tons of dry bulk cargo from South America to the Middle East. The contract contributed approximately 1,283,000 USD in the revenues of the Company…
U.S.-flag Great Lakes freighters (lakers) moved 9.5 million tons of cargo in October, up 7.1 percent compared to a year ago, but slightly behind the month’s long-term, the Lake Carriers’ Association (LCA) reported. Iron ore cargos for steelmaking totaled 4…
St. Lawrence Seaway cargo volumes are up 10 percent as the shipping season enters its busiest final months. According to The St. Lawrence Seaway Management Corporation, total cargo tonnage from March 20 to October 31 reached 28.7 million metric tons – 2…
Australian coal rail operator Aurizon Holdings said on Monday it was in talks to buy the Wiggins Island Coal Export Terminal (WICET), which urgently needs to restructure $3 billion in debt. A purchase would mark a change in strategy under…
There are “solid signs” of restrained fleet expansion, matching world seaborne trade growth more closely, although not in all sectors. This was the message delivered by Richard Scott MA MCIT FICS, managing director of Bulk Shipping Analysis…
Shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 6.5 million tons in September, an increase of 23.4 percent compared to a year ago, the Lake Carriers' Association (LCA) said. Shipments also bettered the month’s 5-year average by 8…
Scorpio Bulkers, announced that it has entered into two separate agreements with unaffiliated third parties to acquire three Ultramax dry bulk vessels and one Kamsarmax dry bulk vessel. The deal was for an aggregate of $90 million, of which $77…
