DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk and petroleum cargoes and off-shore contract drilling oil services, today announced the details of the partial spin off of Ocean Rig UDW Inc. Based on 408…
Diana Shipping Inc. (NYSE:DSX) entered into two time charter contracts with EDF Trading Limited, London, for its two Newcastlemax dry bulk carriers, the m/v Los Angeles and the m/v Philadelphia, which are currently under construction. Both charters will be at a gross rate of US$18…
U.S. ports reported upticks in tonnage during the normal summer slowdown period. The Seaway’s year-to-date total cargo shipments from March 22 to August 31 were 22 million metric tons, up 3.5 percent from the same period last year. “In addition to the cargo shipments increase…
Globus Maritime Announces the Delivery of the Supramax 'Sun Globe,' Expanding Fleet to Seven Vessels. Globus Maritime Limited ('Globus' or the 'Company'), (NASDAQ: GLBS), a dry bulk shipping company, announced that it has taken delivery of the M/V 'Sun Globe…
DryShips Inc. (the “Company” or “DryShips”), a global provider of marine transportation services for drybulk and petroleum cargoes and off-shore contract drilling oil services, today announced the results of its 2011 Annual General Meeting of Shareholders (the “Meeting”)…
London Club says owners must not accept exemptions from IMSBC code for DRI cargoes. THE London P&I Club has urged shipowners to be alert to any attempt by shippers and other cargo interests to claim exemptions from the International Maritime…
GL’s fleet in service passed the historic mark of 100 million GT. Over 7,200 vessels are under the regular technical supervision of GL. The fleet doubled within the past six years.The ship which saw GL break the 100 million mark was shipping company Hamburg Süd's 85…
Shipments of coal on the Great Lakes totaled 2,956,930 net tons in August, a slight dip compared to July (131,000 tons), but a decrease of almost 25 percent (959,000 tons) compared to a year ago.Loadings at Lake Superior ports fell 26.7 percent compared to a year ago…
Braemar Seascope’s demolition brokers are working extra hard this year, which may be good newsfor everyone. Dry cargo demand growth is running at strong levels due to the twin processes of industrialization and urbanization in emerging markets…
In the first half of 2011, seaborne container traffic between Hamburg and Poland experienced a particular surge by 38 per cent, to 114,000 TEU. In this context, imports and exports from/to Poland are very well balanced at 56,000 TEU and 58…
DryShips Inc. (NASDAQ: DRYS) announced its unaudited financial and operating results for the second quarter and six month period ended June 30, 2011.For the second quarter of 2011, the company reported a net loss of $114.1m, or $0.33 basic and diluted loss per share…
As the world economy sputters, so too do the expansion plans for India's state-owned Shipping Corporation of India (SCI), which according to a report on the www.business-standard.com will hold up on its plan to issue new tenders for new vessels…
Veson Nautical, a provider of maritime commercial management and trading software solutions, today announced that Dampskibsselskabet NORDEN A/S (NASDAQ OMX Copenhagen A/S: DNORD), one of the oldest and most respected listed shipping companies in the world…
DryShips Inc. (NASDAQ: DRYS) and OceanFreight Inc. (NASDAQ: OCNF) announced that DryShips has acquired 3,000,856 shares of OceanFreight Inc. The shares were acquired from entities controlled by Mr. Anthony Kandylidis, the CEO of OceanFreight…
OceanFreight Inc. (NASDAQ: OCNF) announced for the three-month period ended June 30, 2011 the company reported a Net Loss of $1 million or $0.16 basic and diluted loss per share. Included in these results is a loss of $2.0 million associated with the sale of M/T Olinda…
