ClassNK (Chairman and President: Noboru Ueda) announced that its register surpassed the 8000 ship milestone, totaling 8036 ships of 206,927,557 gross tons as of the end of August 2012.The Society’s register topped 6000 ships in 1989 and reached 7000 in 2008…
DryShips Inc. (NASDAQ: DRYS) a provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc., or Ocean Rig, of off-shore deepwater drilling services, today announced that Pankaj Khanna…
China Rongsheng Heavy Industries delivers two 380,000 dwt Very Large Ore Carriers (VLOC) to Vale S.A. & Oman Shipping Co.Christened as “VALE HEBEI” and “VALE SOHAR”, the latter new-building passed all inspections and surveys after just one week of sea trials…
COSCO Corporation (Singapore) announce delivery of vessels by its subsidiaries Nantong Shipyard & Guandong Shipyard in China.COSCO (Nantong) Shipyard Co., Ltd has delivered its new build deep water semi-submersible drilling rig “ISLAND INNOVATOR” to its Norwegian ship-owner…
Troubled Greece-based Excel Maritime Carriers has agreed with its lenders to effectively extend its equity raising commitment through December 31, 2012.Excel Maritime Carriers has agreed with its lenders under its $1.4bn syndicated credit facility to effectively extend…
Classification society ClassNK gains Safety Award for its efforts to ensure the safe carriage of nickel ore cargoes at the Lloyd’s List Global Awards.The Lloyd’s List Global Awards, held each year in London by leading maritime media company Informa…
'MV Star Norita', a 58,000 dwt supramax bulk carrier named and delivered from Tsuneishi (Zhoushan) Shipbuilding Inc., China.The vessel is a sister of the recently delivered Isabelita, Bonita and Kristinita of the TESS 58 design. Star Norita is 100% owned by Ugland Shipping AS…
Clay Maitland is a ubiquitous figure in the global shipping circuit, never shy to share his accrued maritime experience of more than 40 years, ask the tough questions or supply the blunt opinion. Set to celebrate his 70th birthday later this year but not slowing a step…
Total annual operating costs in the shipping industry increased by an average 2.1% 2011, driven by crew costs, reports Moore Stephens The findings are set out in OpCost 2012, Moore Stephens’ unique ship operating costs benchmarking tool…
COSCO Corporation (Singapore) announce subsidiary COSCO (Zhoushan) Shipyard has delivered a bulk carrier.Asian Triumph, a 57,000 dwt dry bulk carrier of 189.99 meters LOA, 32.26 meters in breadth and 18 meters in depth, constructed in the…
Overall confidence levels in the shipping industry fell in the three months ended August 2012 to their lowest level for a year, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens…
Iron-Ore carrier daily rates rebound as China spends US$158-billion.Iron-ore ships are poised to earn more than operating costs for the first time this year as rates rally on speculation Chinese steel mills will accelerate imports because of a 1 trillion-yuan ($158 billion) building program…
COSCO Corporation (Singapore) announce deliveries of three bulk ships from its shipyards in China.Subsidiaries of the Company’s 51% owned COSCO Shipyard Group Co., Ltd have made the following deliveries:COSCO (Zhoushan) Shipyard Co.…
In recent years, excess vessel capacity has been plaguing shipping markets and the resultant drop in asset values has restrained financing options for ship owners. Following the financial crisis in 2008, demand across the major shipping segments – dry bulk…
Brazil's mining giant Vale sells 10 VLOCs for US$600-million to Turkey’s Polaris Shipping.The Brazilian company said that the transaction would improve cash flow while still maintaining its maritime ore shipping capacity. The ships will be chartered back to Vale…
