Greek shipowners order construction of iron-ore carriers in the belief that the 5-year charter-rate slump is coming to an end.The companies ordered 12 Capesizes last quarter, the most since the beginning of 2008, according to data from Golden Destiny SA…
Iron ore exports start up at Long Beach: Western U.S. mines supply the raw material for shipment to Asia.Officials gathered dockside to celebrate the exporting of iron ore from the Port of Long Beach – a promising new line of business developed by SA Recycling…
Japan's Imabari Shipbuilding Co., Ltd. introduce a new class of 33,000 dwt bulk carrier designated 'IS' TRI-STAR.The shipbuilders say that its share of the handy-size bulk carrier market is ranked among the highest in the world. Since 2010…
CIC Lixin Shipyard has named and delivered the 'MV Yangtze Oasis' to New Yangtze Navigation (Hong Kong) Co., Ltd.The new type of 34,000 dwt bulk carrier is the first to be built for these owners by CIC Lixin Shipyard.MV Yangtze Oasis is of 179…
The Coast Guard is responding to a report of a barge explosion on the ship channel in Mobile Bay Wednesday. Coast Guard Sector Mobile watchstanders received the initial notification at 8:40 p.m. reporting the barge explosion between the…
Rand Logistics, Inc. announced that John Binion, most recently the Chief Operating Officer and Executive Vice President of United Maritime Group, has been appointed to Rand's Board of Directors. Rand also announced that Michael Lundin, who has…
COSCO Corporation (Singapore) say a bulk carrier has been delivered from each of its two subsidiary shipyards in China.The two deliveries are as follows:1. COSCO (Zhoushan) Shipyard Co., Ltd has delivered a bulk carrier of 57,000 dwt, “OCEAN LOVE”…
China Rongsheng Heavy Industries delivers the ninth and tenth 380,000-dwt class Very Large Ore Carriers (VLOCs).Christened Vale Jiangsu and Vale Shinas, the two new Rongsheng-built 380,000 DWT class VLOCs have been delivered to Vale S.A. and Oman Shipping Company S…
Diana Shipping Inc. signs up to buy the 'M/V Tamou', a 2005 built Capesize dry bulk carrier of 177,243 dwt.The purchase price is US$27,020,202, less one percent address commission to the buyers. The vessel, to be renamed 'Baltimore,' is expected to be delivered by the end of May 2013…
The United States Coast Guard is requesting applications from qualified candidates seeking consideration for appointment as public members to the Towing Safety Advisory Committee (TSAC). TSAC advises the Coast Guard on matters relating to shallow…
Singapore will continue its drive to be a leading international maritime center and will work even more closely with countries and shipping associations in the region to realize its goal of creating a unified ‘Asian Voice’ in the shipping industry…
Success in a down market? It is possible, as MarPro found at one of the world’s largest carriers in one of shipping’s most volatile sectors.When CMA CGM signed a deal selling 49% of its Terminal Link division to China Merchants Holdings (International) for $535 million in January 2013…
The sale of STX Pan Ocean Co. fell through as the Easter financial markets closed.No potential bidders expressed their interest in South Korea's leading bulk carrier, raising the possibility that the shipping line may be taken over by a state-run policy lender…
Mitsui O.S.K. Lines (MOL) President Koichi Muto outlines business initiatives on his company's 129th anniversary.Extracts from his recent overview follow:In fiscal 2013, we will launch business initiatives based on a One-Year Management…
Greece-based shipowners Excel Maritime reports results for the second half and year-ended December 31, 2012, re-nFor the year ended December 31, 2012, Excel reported voyage revenues of $242.0 million compared to voyage revenues of $353.4 million for the year ended December 31…
