Scorpio Bulkers Inc. announced today that it has further upsized and priced its previously announced offering of senior unsecured notes due 2019 in a registered public offering.The size of the offering has been further increased from the…
The slowdown in Chinese industrial production growth ads to the existing concerns that China is going through challenging times, as Beijing aims for a soft landing and a transition of the economy, BIMCO reported, adding that the demand for dry…
The increasing use of LNG as a marine fuel is further emphasized with the latest order for Wärtsilä's dual-fuel engine technology. A new cement carrier being built at the Scheepswerf Ferus Smit yard in the Netherlands will feature a six-cylinder Wärtsilä 34DF main engine…
Class Society Joins Joint R&D Project for Bulk Carrier Safety with Germany’s HSVA and other European Research InstitutionsClassification society ClassNK announced that it will join a new European Joint R&D project to ensure bulk carrier safety…
Sen. Landrieu Announces $10m for Port of Lake Charles Terminal ExpansionU.S. Senator Mary L. Landrieu, D-La., a Senior member of the Senate Appropriations Committee, today announced a $10 million grant for the Port of Lake Charles through…
WGMA says Lyngso’s retirement effective October 1, 2014. Born and raised in Denmark and finishing his shipping education including maritime law studies in 1972, Niels Lyngso has been a longtime stalwart for WGMA. Arriving in the United States in 1972 as a management trainee for Olsen & Ugelstad…
The Port of New Orleans has signed on as a sponsor for the 9th annual Oilseed & Grain Trade Summit, taking place here October 7-9, 2014, at the Hyatt Regency New Orleans. The Summit is reportedly the largest annual industry event that convenes buyers…
Chemical Tankers had an EBITDA of $24 million, compared with $17 million in the first quarter. Improved utilization with only minor interruptions of trade. Time-charter results were up by 10%.Odfjell's shareholding in the tank terminals…
Star Bulk entered into a definitive agreement with Excel Maritime Carriers Ltd., and as a result, will acquire 34 drybulk vessels for an aggregate of 29.917 million shares of common stock of Star Bulk and $288.39 million in cash.Star Bulk Carriers Corp…
The Port of Hamburg continues record performance handling a total of 72.6 million tons (+ 6.6 percent) in the first six months of 2014. Hamburg’s universal port with 50.7 million tons of predominantly container handling achieves a result of 4…
Dry Bulk Shipping: All eyes on Brazilian iron ore exports, as we await the long-anticipated lift in freight rates.DemandThe freight market, which performed so well in Q1, has certainly not delivered in the past four months. BDI has dropped from 1…
The Port of Pittsburgh Commission (PPC) announced today that Mr. Stephen Martinko will be the Commission's new executive director.Since January, 2013, Martinko has been the deputy staff director of the U.S. House of Representatives Transportation…
China's buoyant exports pushed its trade surplus to a record in July, fuelling optimism global demand will help counter pressure on the domestic economy from a weakening property sector.While manufacturing appears to have picked up in the world's second-largest economy…
Eagle Bulk Shipping filed for bankruptcy on Wednesday, the latest in a string of shipping companies to make a Chapter 11 filing, and said it reached agreement with its lenders to cut its debt by $975 million.The U.S. company said in a statement…
The CSL Group, a global company in marine dry bulk cargo shipping and handling, today released its new Corporate Sustainability Report, featuring highlights of its 2013 sustainability performance and progress.The inaugural report available…
