The Great Eastern Shipping Company took delivery of a new building Kamsarmax dry bulk carrier Jag Ajay. Great Eastern Shipping Company Ltd has informed the Bombay Stock Exchange regarding a Press Release dated June 30, 2016 titled: G E…
Ejner Bonderup, Executive Vice President and member of the Executive Management in Dampskibsselskabet NORDEN A/S, has resigned from his position to take up a position in another shipping company. Bonderup will continue at NORDEN for a limited amount of time during a transitional period…
Diana Shipping Inc. has announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with Nidera S.P.A., Roma, for one of its Panamax dry bulk vessels, the m/v Oceanis. The gross charter rate is US$5…
According to AlixPartners’ inaugural study of industry performance based on an analysis of the major dry bulk shipping companies, industry revenues for the global group fell 18% from 2014 to 2015.Even more troubling was the collapse in earnings before interest…
The Athens, Greece-based Star Bulk Carriers Corp. (SBLK) has reported a loss of $48.8 million in its first quarter. The shipping company posted revenue of $46.3 million in the period. Petros Pappas, Chief Executive Officer of Star Bulk…
Ocean carriers achieved a six-month high for liner service reliability in May, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors. The on-time average of 76.0% for the 10 trades covered was a 4…
Navios Maritime Partners L.P., an owner and operator of container and dry bulk vessels, has appointed Lampros Theodorou to its Board of Directors, the company announced today. Theodorou founded Garnet & Associates Inc. in 2014 and has been Director since that time…
Diana Shipping Inc., through a separate wholly-owned subsidiary, has entered into a time charter contract with SwissMarine Services S.A., Geneva, for one of its Ice Class Panamax dry bulk vessels, the m/v Crystalia. The gross charter rate is US$6…
Ministry of Shipping has formulated a new Berthing Policy for Dry Bulk Cargo for all Major Ports which will come into effect from 20th August, 2016. The objective of the new Berthing Policy is to: • Provide a standardized framework for calculation of norms…
Slowing growth in the size of the shipping fleet will reduce the shortage of officers over the coming years, according to the latest Manning report published by global shipping consultancy Drewry. The global shipping fleet – encompassing all sectors except the non-cargo carrying ship types…
A seafarers’ charity in Mauritius has been providing pastoral support to the crew of a bulk carrier which ran aground off the country’s southern coast. Apostleship of the Sea (AoS) Port Louis chaplain Fr. Jacques-Henri David has been visiting…
Moody's Japan K.K. says that its outlook for the global shipping industry over the next 12-18 months is negative. 'The negative outlook reflects our expectation that earnings will worsen, with freight rates likely to remain depressed amid ample supply…
The Interlake Steamship Company’s M/V Lee A. Tregurtha sailed today from Fincantieri Bay Shipbuilding Company in Sturgeon Bay, Wisc., becoming the shipper’s third self-unloading bulk carrier to be outfitted with exhaust gas scrubbers. Interlake became the first U…
The companies that own and operate a Greek shipping vessel and two engineers from the ship were convicted today in U.S. District Court in Seattle of 12 felony counts related to their dumping of oily waste at sea, announced U.S. Attorney Annette L…
The world's largest bulk vessel fleet in terms of both ship numbers and deadweight tonnage COSCO Shipping Bulk Co is officially launched in Guangzhou. Its a merger between two companies - COSCO Bulk Carrier Co and China Shipping Bulk Carrier Co…
