Diana Shipping Inc., has, through a separate wholly-owned subsidiary, agreed to extend the present time charter contract with Glencore Grain B.V., Rotterdam, for one of its Ice Class Panamax dry bulk vessels, the MV Crystalia. The charter…
The global dry bulk freight market, crippled by oversupply but seeing signs of renewed activity, is expected to take at least a year to hit the road to recovery, according to the latest Platts survey of shipping market participants. This…
COSCO Shipping Company Limited (COSCOL) signed a contract with Shell Offshore Inc. on 6 July 2015, for the transportation of the Appomattox semi-submersible offshore platform hull from South Korea to Ingleside…
Shipping company Clarksons has published profits of GBP6.2mln, down 36.7 per cent on the first six months of the previous year, citing “severe challenges faced by the dry bulk market” (of unpackaged raw commodities) as the primary cause of the decline…
Allcargo Logistics has announced the acquisition of two additional vessels aggregating 24000 DWT. for its coastal shipping business. Post this acquisition Allcargo now owns a total of five cargo vessels making it one of the largest players in the logistics industry…
The Interlake Steamship Company proves phase one of emissions-reduction technology on Great Lakes; two additional ships to be outfitted with exhaust gas scrubber technology in 2016 Following the implementation of exhaust gas scrubbers on its self-unloading bulk carrier M/V Hon…
The Great Eastern Shipping Company Ltd. (G E Shipping) signed a contract to sell, a new building Kamsarmax Dry Bulk Carrier “Jag Aakash” (81,600 dwt). The vessel is being built at Tsuneishi Heavy Industries (Cebu) Inc., Philippines and will be delivered to the company in August/September 2015…
Danish dry cargo and tanker shipping company Dampskibsselskabet Norden A/S informs it has combined a number of management functions in order to reduce its executive management team from five to three members. “With the changes we are consolidating…
APM Terminals and GF Group are pleased to announce the acquisition of 100% of Reefer Terminal S.p.A. by APM Terminals has been completed today. Terms and price were not disclosed. Reefer Terminal, the largest refrigerated terminal in the Mediterranean for more than thirty years handling 600…
India's state-owned companies can now make their own shipping arrangements of both dry and liquid bulk cargo without having to route their requirements through the Shipping Ministry. The Cabinet Committee on Economic Affairs (CCEA) has…
Asia to Northern Europe shipping freight rates for transporting containers jumped by 177.3 percent to $1.109 per 20-foot container (TEU) in the week ended on Friday, reports Reuters, quoting data from the Shanghai Shipping Exchange. As…
Taiwan’s Evergreen Marine Corp. has authorized one of its huge container ships to berth at Shahid Rajaei port in southern Iranian province of Hormozgan, reports Press TV. Ebrahim Idani, director general of Hormozgan Ports and Maritime Department…
The CMA CGM Group upgrades its Lebanese service by adding a call in Beirut on its EPIC line, joining North Europe to Indian sub-continent, and on its MEX line, joining the Mediterranean to Asia. 'We are pleased to announce that starting…
The Duluth Seaway Port Authority informs it is expanding the role of one of its management team members, reassigning duties of others and will be adding a new facilities manager to the staff in September. Jim Sharrow, who has served as the port authority’s facilities manager since 2002…
Shanghai has moved up the rankings of the world’s top shipping centers to sixth place, surpassing Dubai thanks to Free Trade Zone regulations and the Belt and Road Initiative, according to a report and index looking at the importance of the world’s key shipping centers…
