Oman Shipping Company (OSC) has taken delivery of its third Very Large Ore Carrier (VLOC) 'Vale Saham' in China.The giant bulk carrier will be used to transport iron ore from Brazil to Sohar, Oman. OSC has one more vessel of its class under…
In his New Year message, Mitsui O.S.K. Lines President Muto predicts loss in 2013 of same magnitude as last year, suggests new business model.Excerpts from Mr. Muto's message follow:'The marine transport industry has faced a challenging…
Vroon takes delivery of 'MV Sicilian Express', the last in a series of four bulkers built at COSCO Dalian Shipyard, China.MV Sicilian Express is a 92,500-dwt post-panamax bulk carrier, and her Chinese crew sails under the Gibraltar flag…
Seanergy Maritime Holdings Corp. has completed the sale of its 100% ownership interest in Bulk Energy Transport (Holdings) Limited (BET). The Buyer, I.M.I. Holdings Corp., is an affiliate of members of the Restis family, the Company’s major shareholders…
Effective Shutdown of Nation’s Busiest Water Transportation Artery Looms Between Early- to Mid-January. The American Waterways Operators (AWO) and Waterways Council, Inc. (WCI) have released revised data on the economic impact of an effective…
Low freight rates and a challenging market are concerns for ship managers as they begin 2013. A survey of members of InterManager, the international trade association for the ship and crew management industry, has identified the main concerns affecting the industry as it begins the New Year…
Mercator Lines (Singapore) agree early termination & settlement agreements with owners of bulkships 'Chaitali Prem' & 'Chanchal Prem'.Briefly, the existing charter of M.V. “Chaitali Prem” ends on or about 31 August 2014. Under the terms of the relevant Early Termination Agreement…
'Vale Sohar' docked at Vale's deep-water jetty in the Port of Sohar to unload iron ore on its first voyage from Brazil.The ship, one of the largest bulk carriers in the world with the capacity to transport 400,000 tons of minerals and the length of four football fields…
NS United Kaiun Kaisha (NSU) resolved early cancellation of dry-bulk ship time charters due to unfavourable economic market conditions.The cancellation will result in appropriation of extraordinary loss in Q3 2013.Reason for the cancellationsThe…
Effective Shutdown of Nation’s Busiest Water Transportation Artery Expected Earlier Than Predicted: January 3-4. Late Christmas Eve, the U.S. Army Corps of Engineers advised industry of the most current 28-day weather and water forecast for the Mississippi River area near Thebes…
Shanghai Waigaoqiao Shipbuilding, a CSSC-affiliated shipyard, contracted to build two180,000 dwt bulk ships.The contract with undisclosed European owners has the option for a further four vessels to be delivered if required.The vessels…
Overall confidence levels in the shipping industry recovered slightly from their lowest level for over four years in the three months ended November 2012, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens…
China Navigation Company orders four 39,500 dwt Deltamarin designed B.Delta37 handysize bulkcarriers from Chengxi Shipyard in China. Following an initial order placed in March this year, CNCo has now contracted a total of 8 B.Delta37 vessels…
Diana Shipping Inc. (NYSE:DSX) has entered into time charter contracts for three of its vessels.The Company has entered into a time charter contract with Clearlake Shipping Pte. Ltd., Singapore, through a separate wholly-owned subsidiary…
In his acceptance speech Admiral Efthimios E. Mitropoulis is critical as he accepts the IMO International Maritime Prize.The popular Admiral (known as EEM) made the speech at the recent ceremony awarding him the IMO Maritime Prize for 2011 at MO Headquarters…
