Greece's DryShips Inc. is to offer the public 5-million of the common shares it holds in Ocean Rig UDW.Following the completion of the offering, DryShips is expected to own approximately 61.3% of Ocean Rig’s outstanding shares (Ocean Rig is a provider of offshore deepwater drilling services)…
COSCO Corporation (Singapore) subsidiary COSCO Zhoushan shipyard delivers its latest bulk carrier.The 57,000 dwt Handy-size class bulk carrier is named Ocean Beauty and is for a European buyer.The new ship is of 189.99 meters LOA, and is 32…
Mercator Lines (Singapore) agrees to sell its 279,022 dwt VLOC 'Sri Prem Putli'.The vessel was built in 1993 and converted from Very Large Crude Carrier (VLCC) to Very Large Ore Carrier (VLOC) in 2009.The Vessel is expected to be delivered to its buyers in March 2013…
Finnish ship designer Foreship's new company, Foreship Bluetech, announce an economical bulk ship design series.Foreship BlueTech Ltd. is a company founded by Foreship Ltd. and key employees of BlueTech with Foreship Ltd. as the largest shareholder…
NewLead Holdings Ltd. announce it has received written notification of its compliance from the NASDAQ Stock Market LLC.NewLead Holdings Ltd. is an international, vertically integrated shipping and commodity company that manages product tankers and dry bulk vessels…
Iron ore and coal shipping rates slid for a fifth day amid speculation storms in Australia are curbing demand for vessels. Australia is the world’s largest exporter of iron ore and coal used to make steel, according to data from Clarkson Plc (CKN)…
Coast Guard responds to report of crude oil in Mississippi River. A unified command has been established in response to a report of crude oil in the lower Mississippi River near mile marker 434 in Vicksburg, Miss., Sunday.Watchstanders…
Calumet Specialty Products Partners, L.P. Announces Feasibility Study for Crude Oil Shipping. Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) ('Calumet') announced it will explore the feasibility of building and operating a crude oil loading dock on Lake Superior…
Diana Shipping Inc. (NYSE:DSX), through a separate wholly-owned subsidiary, took delivery of the M/V Myrto, a 82,131 dwt newly built Kamsarmax dry bulk carrier that the company entered into an agreement to purchase in December 2012. The M/V Myrto is time chartered to Cargill International S…
Iron ore carrier 'Berge Java', chartered by Vale, will discharge its cargo, for company customer ArcelorMittal, in the Port of Rotterdam.The Berge Jaya, chartered by Vale, is scheduled to berth at Rotterdam's EMO dry bulk terminal this week…
The Ports of Indiana named Rick Heimann Port Director for the Port of Indiana-Burns Harbor effective January 16. Heimann recently served as Sourcing Manager, specializing in rail and water transportation, for ArcelorMittal USA in East Chicago…
ITF says affiliated international unions will support colleagues in the International Longshore and Warehouse Union (ILWU) in a rapidly escalating multi-port labor disagreement. Published International Transport Federation (ITF) reports…
Naviera Master Line selects Port Manatee for new container & breakbulk service to Caribbean, Central & South American destinations.Expected to commence with a sailing from Port Manatee Mar. 8, 2013, Naviera Master Line, a division of Miami-based Master Line Shipping Company…
Capesize difficulties countered by smaller vessel gains. Drewry Maritime Research’s latest Dry Bulk Insight report published in Januray highlights the changing fortunes of the market.December saw a large drop in the Drewry Hire Index…
A R140-million, general bulk ship-loader installed at Richards Bay in Transnet Port Terminal’s (TPT) R33-billion Market Demand Strategy (MDS) investment programme. Custom-built to complement the terminal’s operational envelope, the loader was designed in Austria and built in China…
