A vessel carrying over 70,000 tonnes of U.S. soybeans is expected to head towards Singapore after apparently offloading some of its cargo at the Chinese port of Tianjin, according to shipping data on Thomson Reuters Eikon The Aeolian Fortune…
Consistent high performance by the UK Ship Register has seen it rise four places in the world under standards set by the Paris Memorandum of Understanding (MoU).It means the UKSR is now fifth under an assessment based on the total number…
The service provided by container shipping lines has deteriorated since 2016 and is now seen by exporters, importers and freight forwarders as more problematic, according to the second annual shipper satisfaction survey of Drewry and the European Shippers’ Council (ESC)…
Star Bulk Carriers announced that it has closed the previously announced acquisition of three newbuilding Newcastlemax dry bulk vessels in an all-share transaction, from Oceanbulk Container Carriers (OCC). The final consideration for the OCC Vessel Purchase Transaction is 3…
Shipping confidence held steady in the three months to end-May 2018 according to the latest Confidence Survey from international accountant and shipping adviser Moore Stephens. The average confidence level expressed by respondents was unchanged at the four-year high of 6…
Shipping confidence held steady in the three months to end-May 2018 according to the latest Confidence Survey from international accountant and shipping adviser Moore Stephens. The average confidence level expressed by respondents was unchanged at the four-year high of 6…
Euroseas Ltd. (NASDAQ: ESEA) delivered M/V Monica P, a 46,667 dwt drybulk vessel, built in 1998, to its buyer, an unaffiliated third party. The gross proceeds of this sale were $6.45m. The vessel was held for sale as of March 31, 2018.Following the sale of M/V Monica P…
The Baltic Exchange's main sea freight index rose on Thursday after an eight-session losing streak, on higher rates for capesize vessels. The overall index, which tracks rates for ships carrying dry bulk commodities, rose 20 points, or 1…
Diana Shipping announced that on June 20, 2018, it signed a term sheet with the French bank BNP Paribas for a five year loan facility of up to US$75 million, subject to loan documentation. The global shipping company specializing in the…
A vessel carrying 164,000 tonnes of coal from the United States reached Caofeidian port in northern China on Tuesday, Thomson Reuters Eikon ship tracking data showed. The vessel named Partnership is on schedule, while Beijing plans to impose steep tariffs next month on a list of U…
The Baltic Exchange's main sea freight index fell for the seventh straight session on Tuesday, due to lower rates across vessel segments. The overall index, which tracks rates for ships carrying dry bulk commodities, fell 10 points, or 0…
Shipbrokers Simpson, Spence and Young's Atlantic Capesize Index rose by 293 points in the week ending Monday to 8,038.The SSY Atlantic Capesize Index retreated by 293 points last week to 8,038 points as a quiet weak for trans- Atlantic coal…
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Newcastlemax dry bulk vessels, the m/v Philadelphia. The global…
The Baltic Exchange's main sea freight index on Thursday fell to its lowest level in two weeks, pulled down by falling rates for capesize and panamax vessels.The overall index, which tracks rates for ships carrying dry bulk commodities, slid 26 points…
China Merchants Port Holdings has made a $584 million payment as part of a $1.12 billion deal to operate Sri Lanka's deep sea Hambantota port, a state-run agency said on Wednesday.Under the deal, signed in July 2017, China Merchants Port (CM Port) will run the $1…
