DryShips's (NASDAQ: DRYS) fully-owned subsidiary Ocean Rig UDW Inc. received a Letter of Award from a U.S. exploration company for a four well contract for exploration drilling offshore West Africa for a period of about 300 days, commencing in the first or second quarter of2011…
The U.S.-Flag Great Lakes fleet hauled more than nine million net tons of dry-bulk cargo in November. That’s the first month this year that cargos totaled more than nine million tons in a single month. The November float is a small increase…
Iron ore shipments on the Great Lakes reached their highest level so far this year in November. The trade totaled 4.6 million net tons, an increase of 27 percent over the preceding month.The upturn reflects higher operating rates at the nation’s steel mills that…
A new report, released by Lloyd’s Register - Fairplay Research, predicts that the world’s dry bulk carrier fleet will continue to show strong growth over the next five years, spurred largely by surging demand for iron ore and metallurgical coal…
OceanFreight Inc. (NASDAQ: OCNF), a global provider of seaborne transportation services for both drybulk and energy commodities, announced a new charter for the recently acquired 180,000DWT, 2005 built capesize vessel. Upon delivery, the vessel…
With America’s economy still not hitting on all cylinders, the U.S.-Flag Great Lakes fleet continued to struggle with slumping cargo demand in September. Shipments in U.S. bottoms totaled seven million net tons, a decrease of 36.2 percent compared to a year ago…
