Diana Shipping Inc. announces delivery of the newly built Capesize Dry Bulk Carrier m/v Santa Barbara; time charter contracts for m/v Polymnia with Vroon and m/v Danae with Glencore Diana Shipping Inc. announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/v Santa Barbara (formerly Hull No. BC18.0-51), a 179,426 dwt newly built Capesize dry bulk vessel that the company entered into an agreement to purchase in December 2014. The company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Vroon Dry Cargo Chartering B.V., Breskens, for one of its Post-Panamax dry bulk vessels, the m/v Polymnia. The gross charter rate is $7,500 per day, plus $237,500 ballast bonus, minus a 5% commission paid to third parties, for a period of minimum nine months to maximum 13 months. The charter is expected to commence January 17, 2015. The Polymnia is a 98,704 dwt Post-Panamax dry bulk vessel built in 2012. Additionally, the company announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Glencore Grain B.V., Rotterdam, for one of its Panamax dry bulk vessels, the m/v Danae. The gross charter rate is $7,650 per day, minus a 3.75% commission paid to third parties, for a period of minimum 11 months to maximum 14 months. The charter is expected to commence on January 16, 2015.
A/S Dampskibsselskabet Torm, a Danish shipping company, is selling three of its tankers for a total of $63m. The move is part of Torm's strategy of selling older bulk vessels so it can build its fleet of bigger Panamax bulk vessels. Torm did not disclose who is buying the three older vessels. Following delivery of the three vessels, TORM's owned fleet will consist of 30 product tankers and five dry bulk vessels. Besides its owned fleet, the company operates nearly 100 ships
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, has announced that it has entered into a time charter contract with RWE Supply & Trading GmbH, Essen, Germany, through a separate wholly-owned subsidiary, for one of its Capesize dry bulk vessels, the m/v JK Pioneer, to be renamed P. S. Palios. The gross charter rate is $18,350 per day, minus a 5% commission paid to third parties, for a period of about 22 months to maximum December 31, 2015
Diana Shipping Inc. has time- chartered out the 75,336 dwt MV Triton to Bunge S.A., Geneva, at a gross charter rate of US$11,000 per day, minus a 5% commission paid to third parties, for a period of up to minimum September 1, 2014 to maximum October 31, 2014. The charter is expected to commence on December 8, 2013. The owners add that this employment is anticipated to generate approximately US$2.86 million of gross revenue for the minimum scheduled period of the charter.
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, today announced that it has agreed to extend the present time charter contract with Clearlake Shipping Pte. Ltd., Singapore, for one of its Kamsarmax dry bulk vessels, the m/v Myrsini. The gross charter rate will remain $15,500 (USD) per day, minus a 4.75% commission paid to third parties, for a period of up to minimum February 15, 2015 to maximum May 10, 2015
Diana Shipping Inc. announced today that through a separate wholly owned subsidiary, it entered into a time charter contract with ADM International Sarl, Rolle, Switzerland, for one of its Post-Panamax dry bulk vessels, the m/v Alcmene. The gross charter rate is US$6,750 per day minus a 5% commission paid to third parties, for a period of minimum twenty-one (21) months to about twenty-four (24) months. The charter is expected to commence on May 12, 2015.
Greece-based industrial shipper DryShips Inc. on Monday said it plans to sell an older bulk carrier, buy a newer model and signed $66.5min contracts to build two dry bulk vessels. The company said it agreed to sell its 1995-built panamax bulk carrier for about $35 million, with delivery scheduled for the end of the year. The company will buy a larger panamax bulk carrier, built in 2000, for about $40.8 million for delivery in the fourth quarter
Scorpio Bulkers inc. announce newbuilding agreements for 3 Capesize dry bulk vessels for an aggregate of US$162-million from the South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering Co., Ltd. (DSME). The three Capesize dry bulk carriers of 180,000 dwt each are to be built at DSME's subsidiary facility Daewoo Mangalia Heavy Industries S.A. in Romania. All these 180,000 dwt ships are to be built in Romania and are of the same specification with the first two to be delivered
Scorpio Bulkers Inc. has entered into agreements to purchase five Kamsarmax dry bulk vessels currently under construction in a Chinese shipyard as listed below: Yard &n
Scorpio Bulkers has agreed to sell two new capesize bulk carriers and an ultramax for a combined $111m to an unknown buyer. The two capes are currently under construction in China and in South Korea, and will be delivered between Q3 2015 and Q2 2016. The ultramax bulk carrier is being built in China and will be delivered within the first three months of 2016, Scorpio says. Last week Scorpio Bulkers announced it was selling seven newbuildings for $290m
Diana Shipping Inc. a global shipping company specializing in the ownership of dry bulk vessels, and Wilhelmsen Ship Management (“WSM”) today announced that they have established a new 50/50 joint venture named Diana Wilhelmsen Management Limited (“DWM”).
Dry bulk shipping company Diana Shipping and Wilhelmsen Ship Management (WSM) have joined forces in a new 50/50 joint venture named Diana Wilhelmsen Management Limited (DWM). DWM, to be based in Limassol, Cyprus, and will commence operations by the end of June
The navigation channel at km 287 of the Parana River is obstructed after a bulk vessel went aground on the right margin during the early hours of 13 May during her navigation to San Nicolas. The Coast Guard has allowed navigation for vessels with max draft of 7
Despite a modest recovery in earnings anticipated over the next two years, the dry bulk shipping market is not expected to return to profitability until 2017, says the latest edition of the Dry Bulk Forecaster, published by global shipping consultancy Drewry.
The Panama Canal Authority (ACP) is holding a public hearing today on a proposed toll structure change. The proposed restructuring, which the ACP Board of Directors approved on December 24, calls for each ship segment to be priced based upon different units of measurement
Star Bulk Carriers Corp. took delivery on February 27 of M/V Honey Badger (ex HN NE 164) and M/V Wolverine (ex HN NE 165), two 61,000 dwt Ultramax bulk carriers built by Nantong COSCO KHI-Ship Engineering Co. (NACKS). The new vessels are the first two of four similar vessels ordered at NACKS
NewLead Holdings Ltd. announced today that it has entered into a Contract of Affreightment for one of its dry bulk vessels, the Panamax Newlead Markela, for the transportation, anticipated to be completed within a twelve month period, of approximately 704
Marine traffic in the Houston Ship Channel will remain partially halted until salvage ships retrieve an anchor that broke off a bulk carrier that collided with a tanker on Monday, the U.S. Coast Guard said on Tuesday. The bulk ship hauling steel and the tanker that was carrying 216
Seanergy Maritime Holdings Corp., a shipping company specializing in the ownership and operation of dry bulk vessels, announced the delivery of the 171,199 dwt Capesize dry bulk vessel M/V Leadership. The vessel was acquired from an unaffiliated third party and was built by Imabari-Koyo
Star Bulk Carriers Corp has added M/V Star Jennifer (ex "Ore Hansa), a 82,290 dwt Kamsarmax bulk carrier, built in 2006, to its fleet. The Company completed the acquisition of 34 vessels from Excel Maritime Carriers Ltd under an "en bloc" transaction announced on
NYSE-listed Scorpio Bulkers confirmed the sale of seven newbuildings for a total of $290mln to an unnamed buyer, said a company press release. The newbuildings comprise three capesizes and a kamsarmax bulk carriers, and three LR1 product tankers.
Scorpio Bulkers Inc. announced that it has entered into agreements to sell three newbuild dry bulk vessels, including two Capesize ships and an Ultramax ship, for approximately $111 million in aggregate. The Capesize vessels are currently being constructed in China and South Korea
Diana Shipping Inc. announces the acquisition of a Kamsarmax dry bulk vessel as well as a newbuild Capesize dry bulk vessel Diana Shipping Inc. signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement on to acquire a 2010-built 82
Diana Shipping Inc. a global shipping company specializing in the ownership of dry bulk vessels, today announced that it has completed a drawdown of US$30 million, through a separate wholly-owned subsidiary, under a term loan facility it signed with Danish Ship Finance A/S
Goldman Sachs can't see an end to the dry cargo downturn until at least 2020 on a glut of vessels and stalling cargo growth, says a report in Bloomberg. Overcapacity and low fuel prices are bound to keep low dry bulk shipping freight rates for the rest of the decade or even longer.