Indonesian shipping and logistics company Pelita Samudera Shipping (PSS) has bought one bulk carrier from Singapore-based Convivial Navigation Co. Pte.Purchase price of the handysize class MV is USD7.53 million. PSS is settling 20% of the amount in cash and the remaining 80% in PSS shares…
The Baltic Exchange, the a membership organisation for the maritime industry, and freight market information provider for the trading and settlement of physical and derivative contracts, has launched a new assessment to track the cost of operating vessels…
Japanese shipping giant Kawasaki Kisen Kaisha (K Line) has taken delivery of a 88,000 dwt coal carrier from compatriot shipbuilder Imabari Shipbuilding in Marugame.Named Corona Citrus, the vessel was delivered on September 11 for electric utility Electric Power Development Co…
Bermuda-based ship-owning and ship chartering firm Ship Finance International Limited (SFL) has agreed to purchase three very large crude carriers (VLCCs) from Norwegian investment company Hunter Group. The 300,000 dwt oil tankers are currently…
G2 Ocean, a joint venture of two of the world's leading breakbulk and bulk shipping companies - Gearbulk and Grieg Star, hired three new Senior Project Cargo Managers and opens offices in Houston and Hamburg.Since the launch of G2 Ocean in 2017…
Crew management specialist Danica Crewing Services has announced it has taken on the crew management of a further two bulk carrier vessels: the Four Emerald and the Four Diamond.The 33,392 dwt Four Emerald, built 2012, and the 34,059 dwt Four Diamond…
The seaborne shipping and logistics company Navios Maritime Holdings took delivery of the Navios Herakles I, a newbuilt bareboat chartered-in Kamsarmax of 81,600 dwt.The dry bulk owner has also acquired from an unrelated third party, a previously chartered-in vessel…
Shipments of iron ore on the Great Lakes totaled 6.56 million tons in July, an increase of 1.5 percent compared to a year ago. Shipments were also 9.8 percent ahead of the month’s 5-year average.Year-to-date the iron ore trade stands at 26…
Monaco-headquartered provider of marine drybulk transportation services Safe Bulkers reported a net loss for the second quarter, contrary to the market’s expectations for profit.The net revenue at USD 45.5 million for Q2 was hurt by a 3% decline from the second quarter of 2018…
The Baltic Exchange's main sea freight index rose for a ninth-straight session on Tuesday, holding on to a near nine-year peak touched last week, helped by stronger capesize demand.The Baltic index, which tracks rates for ships ferrying dry bulk commodities…
The dry bulk market for Supramax/Ultramax bulk carriers improved from the first to the second quarter 2019, said Norway-based Belships.Measured by the BSI-58 index, earnings averaged USD 8 167 per day (net) – 7 per cent up from the previous quarter…
The Greek seaborne shipping and logistics company Navios Maritime Holdings sold its ship management division and certain general partnership interests to N Shipmanagement Acquisition Corp. (NSAC), affiliated with company’s chairman and chief executive officer…
The Baltic Exchange's main sea freight index climbed to a near nine-year peak on Friday propelled by robust capesize demand, with rates for all the vessel segments scaling multi-year highs.The Baltic index, which tracks rates for ships ferrying dry bulk commodities…
Montreal Port Authority is proposing to build a new container terminal within the port’s Contrecoeur terminal to support the growing container market in the greater Atlantic Canada region, with construction expected to start next year after the necessary approvals have been received…
Grindrod Shipping Holdings, a global provider of maritime transportation services in the drybulk and product tanker sectors, announced that it took delivery of the IVS Phoenix, a Japanese-built eco ultramax drybulk carrier newbuilding in June 2019…
