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…
The 63,800 dwt bulk carrier 'Amber Champion' has been completed and named at the Chengxi Shipyard Co.A spokesperson for the shipbuilder addressed guests at the ceremony, and the following is drawn from that speech.The Dolphin 64 bulk carrier is an energy-efficient…
Overall confidence levels in the shipping industry recovered to their highest level for two years in the three months ended February 2013, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens…
The Multipurpose sector faces a difficult couple of years, but its long-term prospects are good, according to Drewry Maritime Research’s latest Annual Multipurpose Shipping Market Review and Forecast report.Most owners of Multipurpose ships (MPVs) were fairly upbeat at the start of 2012 and…
A decline in demand for Capesize vessels has been countered by an improvement in demand for Panamax vessels, according to the latest Dry Bulk Insight published by Drewry Maritime Research. This left the Drewry Hire Index unchanged from January’s level…
