Earlier this month Bohandymar Limited – a 100% subsidiary of CMB – ordered 6 Handysize ECO-type bulk vessels (36.000 dwt) from Samjin Shipbuilding Industries Korea (Samjin) on very competitive conditions. The order includes two options each for two additional units…
Reuters is reporting that the damaged Vale Beijing, the world's largest iron-ore carrier, was moved from its berth in Brazil for repairs. Tugs reportedly moved the ship from the dock in the port in Sao Luis in northeastern Brazil and will tow it to a location outside the shipping channel…
According to a report on Bloomberg, Brazil’s VALE may have made a very bad investment in one of the most heralded shipbuilding ventures of a generation.About three years ago the Brazilian mining giant announced its plan to build an impressive…
Diana Shipping Inc. (NYSE:DSX), a global shipping company specializing in the ownership and operation of dry bulk vessels, today announced that it has agreed to purchase from an unaffiliated third party the MV 'Vathy', a 2010 built Panamax dry bulk carrier of 81…
Danish shipping company D/S Norden upgraded earnings guidance for 2011, saying its dry-bulk business gained market share and it saw prospects for a solid fourth quarter.- NORDEN’s operating earnings (EBITDA) in the third quarter 2011 were $36m…
Star Bulk Carriers Corp. (Nasdaq: SBLK),a global shipping company focusing on the transportation of dry bulk cargoes, said it entered into a time charter contract with Pacific Basin Chartering Limited BVI for the Star Kappa for approximately one year…
Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced today its results for the three and nine month periods ended September 30…
Vessel built by Naikai Zosen for Nissho Shipping will become first NK classed ship to incorporate special construction for carriage of liquefiable cargoes. A new vessel being built at Japanese shipyard Naikai Zosen Corporation for shipowner Nissho Shipping Co…
Hong Kong based SpecTec Asia Pacific East Ltd has entered into an agreement to supply SpecTec AMOS software and related services to Kuang Ming Shipping Corp. head office and its 14 bulk cargo ships. Kuang Ming Shipping Corp. was established in May 1990 in Taiwan…
Mitsubishi Heavy Industries, Ltd. (MHI) has developed a new bulk carrier which it repotes will enable reductions in CO2 emissions by about 25% compared with conventional averaged bulk carriers. As the first commercial application of the new design…
Inland Salvage Inc. Completes Lightering and Salvage Operations of Sunken Hopper Barge.Inland Salvage Inc.recently completed the removal of approximately 1000 tons of structural scrap steel from a sunken hopper barge and subsequent salvage…
At its recent 22nd meeting BIMCOs Marine Committee discussed the implications of the recently adopted amendments to MARPOL Annex VI which imposes an Energy Efficiency Design Index (EEDI) to new ships built after 1st January 2013.BIMCO was…
MEBA accuses operator of creating labor dispute and delaying important cargoes. AMO enters into new collective bargaining agreement with Liberty. On Monday, Liberty Maritime Corporation announced that it had entered into a new collective…
Liberty Maritime Corporation (Liberty Maritime) of Lake Success, New York today announced that it has entered into a new collective bargaining agreement with the American Maritime Officers (AMO) union under which the AMO will provide U.S. citizen…
Mitsui Engineering & Shipbuilding Co., Ltd. (MES) completed and delivered a 56,000 dwt type bulk carrier M.V. “DESERT CONDOR” (MES Hull No. 1776) at its Tamano Works on September 29, 2011 to New Borough Corp., Marshall Islands. This vessel is a handy-max type bulk carrier of 56…
