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…
International Shipholding Corporation (ISC) has announced financial results for the quarter ended June 30, 2014, summarized here:Net Losshe Company reported a net loss of $664,000 for the three months ended June 30, 2014. For the comparable three months ended June 30…
One sign of change in Iran as it works toward a nuclear deal with world powers is the way it is feeding itself, with private grain firms beginning a slow return to their traditional role as major food commodity importers.Iran was never barred…
Patrick Hughes has joined Ports America Stevedoring as breakbulk sales director with responsibilities for coordinating and driving customer satisfaction, business development and market growth. Hughes will report to Ports America Stevedoring Vice President Breakbulk Chris Smith…
The American P&I Club has added to its library of e-learning modules released in cooperation with IDESS IT in the Philippines. The new module covers compliance with The Code of Practice for the Safe Loading and Unloading of Bulk Carriers (BLU Code)…
Grains inspectors who began a strike on Wednesday in Argentina's pivotal Rosario export hub will extend it for a second day if there is no progress on their demand for higher salaries, a senior union official said.Other unions are also threatening labor actions…
