Bulk Carriers News

 

AWO: No Separation for Great Lakes and Mississippi River

Feb 02, 2012

Great Lakes, Mississippi River Separation Threatens Jobs and Commerce, AWO Says. The American Waterways Operators strongly believes that effecting permanent physical separation between the Great Lakes and the Mississippi River basins as…

Paragon Announces Early Charter Termination

Feb 01, 2012

Paragon Shipping Inc. announced that Deiulemar Compagnia di Navigazione SpA, the charterer of the M/V Friendly Seas (the 'Vessel'), a 2008-built 58,779 dwt Supramax bulkcarrier (the 'Charterer'), has continued to fail to provide payment due…

Indiana Sees First January Vessel in Five Years

Jan 24, 2012

Cargill exporting local grain to Canadian ethanol plant via the 'James Kuber.'  The Port of Indiana-Burns Harbor has welcomed a rare January lake vessel to its docks. The 'James Kuber' will export approximately 16,000 tons of local corn from port company Cargill to an ethanol plant in Sarnia…

Star Bulk Extends Share Repurchase Plan

Jan 23, 2012

Star Bulk Carriers Corp. (Nasdaq: SBLK), said that its Board of Directors approved the extension of the Company’s Share Repurchase Plan, which has been in place since 2010, to December 31, 2012. The plan calls for the repurchases of Common…

Bulk Carrier Design Delivers 14% Fuel Oil Reduction

Jan 19, 2012

Lloyd’s Register supervised the design appraisal, build and sea trials, verifying the performance of a new, modified 57,000 dwt ship based on a SDARI design. The M.V. Aquila, first in a new series of supramax bulk carrier designs, optimised…

Seaway Concludes 53rd Navigation Season

Jan 17, 2012

The St. Lawrence Seaway closed for the season on December 30, 2011, with the westbound vessel Algoma Spirit reaching Lake Ontario at 7:54 a.m. after having transited the locks on the St. Lawrence River. The Seaway’s 53rd navigation season commenced on March 22nd…

U.S.-Flag Lakers' 2011 Cargo Up 5.75 PCT

Jan 14, 2012

U.S.-flag Great Lakes freighters (“lakers”) carried 93.8 million tons of dry-bulk cargo in 2011, an increase of 5.75 percent compared to 2010. The 2011 “float” was also just about on par with the fleet’s 5-year average.  Iron ore cargos for the steel industry increased 12…

Star Bulk Redeploys Star Sigma

Jan 10, 2012

Star Bulk Carriers Corp. (Nasdaq: SBLK) said that the vessel Star Sigma which was time chartered to Pacific Bulk Shipping Ltd. of Hong Kong until October 2013 at a gross daily rate of $38,000, was redelivered to the Company. Pacific Bulk has agreed to pay the Company a lump sum of $5…

Shipping's "Tin Ear"

Jan 09, 2012

Clay Maitland chastises industry as appearing to be uncaring in the face of the latest shipping casualty. In two months, the great, the good and the not-so-great-or-good will gather at the annual three-day Jamboree of the Connecticut Maritime Association (CMA)…

Videotel: Effective Training Will Avert Tregedy

Jan 04, 2012

VIDEOTEL Calls for effective training and regulation to avoid tragedy when shipping dangerous bulk cargoes. Whatever the cause of the recent loss of the Vinalines Queen and crew, the message for the industry is a stark one – greater enforcement…

A World’s First in Underwater Repair:

Jan 04, 2012

The insertion of a complete, prefabricated replacement hull section in a badly damaged ship at anchor.   On Friday 22nd July, 2011 the Tsavliris Salvage Group urgently dispatched salvage tug Stevns Battler in response to a call for assistance from bulk carrier Navios Sagittarius (GRT: 38…

Another Hazardous Cargo, Another Ship Sinking

Jan 04, 2012

On Christmas day, the bulk carrier VINALINES QUEEN, carrying a cargo of nickel ore from Morowali, Indonesia to China, went missing.  The ship and its crew of 22 must now be considered lost.  Although it is certainly too soon to ascribe a known cause of sinking…

TORM Sells Two Bulk Newbuilding Contracts

Dec 26, 2011

TORM has entered into an agreement to sell two Kamsarmax bulk newbuilding contracts. The two vessels contracted in 2007 were scheduled for delivery in the fourth quarter of 2012 and the first quarter of 2013 respectively. The agreement has a…

Bulk Carrier Charter Agreement With Morgan Stanley Capital Group

Dec 22, 2011

Paragon Shipping Inc. (NYSE: PRGN) entered into a fixed rate time charter agreement for its Panamax Vessel, M/V Coral Seas, with Morgan Stanley Capital Group Inc.  The M/V Coral Seas, a 2006 build, 74,477 dwt Panamax bulkcarrier, has been fixed to Morgan Stanley Capital Group Inc…

Report: Valemax Vessels Could Call Other Ports

Dec 21, 2011

Vale SA, the iron-ore producer building a fleet of the world’s largest commodities ships, said its Vvalemax vessels carrying the raw material can stop at other countries if not allowed to enter Chinese ports, according to a Bloomberg report…

Logistics News

US Tariffs Expected to Cause Supply Chain Disruption

US Tariffs Expected to Cause Supply Chain Disruption

Second Generation Intelligent Tugs Delivered to Tianjin Port

Second Generation Intelligent Tugs Delivered to Tianjin Port

U.S. National Maritime Strategy in the Spotlight @ MRS '24

U.S. National Maritime Strategy in the Spotlight @ MRS '24

Port of New Orleans CEO Brandy Christian to Step Down

Port of New Orleans CEO Brandy Christian to Step Down

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