Vale uses Logmarin to develop the world’s largest floating bulk terminal. Genoa-based Logmarin Advisors, part of the RINA Group, has enabled Brazil’s Vale SA to convert the Ore Fabrica (the former VLCC Front Duchess) into the world’s largest transhipment vessel…
Drewry Maritime Research’s latest edition of its Dry Bulk Forecaster pulls no punches in its assessment of a market that looks certain to continue hitting dry bulk shipowners hard.Tonnage supply hit a massive 605 million dwt at the end of 2011…
Great Lakes, Mississippi River Separation Threatens Jobs and Commerce, AWO Says. The American Waterways Operators strongly believes that effecting permanent physical separation between the Great Lakes and the Mississippi River basins as…
Paragon Shipping Inc. announced that Deiulemar Compagnia di Navigazione SpA, the charterer of the M/V Friendly Seas (the 'Vessel'), a 2008-built 58,779 dwt Supramax bulkcarrier (the 'Charterer'), has continued to fail to provide payment due…
Cargill exporting local grain to Canadian ethanol plant via the 'James Kuber.' The Port of Indiana-Burns Harbor has welcomed a rare January lake vessel to its docks. The 'James Kuber' will export approximately 16,000 tons of local corn from port company Cargill to an ethanol plant in Sarnia…
Star Bulk Carriers Corp. (Nasdaq: SBLK), said that its Board of Directors approved the extension of the Company’s Share Repurchase Plan, which has been in place since 2010, to December 31, 2012. The plan calls for the repurchases of Common…
Lloyd’s Register supervised the design appraisal, build and sea trials, verifying the performance of a new, modified 57,000 dwt ship based on a SDARI design. The M.V. Aquila, first in a new series of supramax bulk carrier designs, optimised…
The St. Lawrence Seaway closed for the season on December 30, 2011, with the westbound vessel Algoma Spirit reaching Lake Ontario at 7:54 a.m. after having transited the locks on the St. Lawrence River. The Seaway’s 53rd navigation season commenced on March 22nd…
U.S.-flag Great Lakes freighters (“lakers”) carried 93.8 million tons of dry-bulk cargo in 2011, an increase of 5.75 percent compared to 2010. The 2011 “float” was also just about on par with the fleet’s 5-year average. Iron ore cargos for the steel industry increased 12…
Star Bulk Carriers Corp. (Nasdaq: SBLK) said that the vessel Star Sigma which was time chartered to Pacific Bulk Shipping Ltd. of Hong Kong until October 2013 at a gross daily rate of $38,000, was redelivered to the Company. Pacific Bulk has agreed to pay the Company a lump sum of $5…
Clay Maitland chastises industry as appearing to be uncaring in the face of the latest shipping casualty. In two months, the great, the good and the not-so-great-or-good will gather at the annual three-day Jamboree of the Connecticut Maritime Association (CMA)…
VIDEOTEL Calls for effective training and regulation to avoid tragedy when shipping dangerous bulk cargoes. Whatever the cause of the recent loss of the Vinalines Queen and crew, the message for the industry is a stark one – greater enforcement…
The insertion of a complete, prefabricated replacement hull section in a badly damaged ship at anchor. On Friday 22nd July, 2011 the Tsavliris Salvage Group urgently dispatched salvage tug Stevns Battler in response to a call for assistance from bulk carrier Navios Sagittarius (GRT: 38…
On Christmas day, the bulk carrier VINALINES QUEEN, carrying a cargo of nickel ore from Morowali, Indonesia to China, went missing. The ship and its crew of 22 must now be considered lost. Although it is certainly too soon to ascribe a known cause of sinking…
TORM has entered into an agreement to sell two Kamsarmax bulk newbuilding contracts. The two vessels contracted in 2007 were scheduled for delivery in the fourth quarter of 2012 and the first quarter of 2013 respectively. The agreement has a…
