Dry Bulk
Diana Shipping Takes Delivery of Panamax Bulk Carrier
Diana Shipping Inc. has taken delivery today of a newbuilding Panamax dry bulk carrier, the Coronis, from Hudong-Zhonghua Shipbuilding (Group) Co., Ltd., Shanghai China. The Coronis is a Panamax dry bulk carrier of 74,381 dwt. With the delivery of the Coronis, Diana Shipping has increased its fleet to thirteen vessels (twelve Panamax dry bulk carriers and one Capesize dry bulk carrier). With the delivery of this vessel the Diana Shipping fleet will have a combined carrying capacity of approximately 1.1 million deadweight tons and a weighted average age of 3.6 years.
Diana Shipping Announces Charter Contract
Diana Shipping Inc., a global shipping transportation company specializing in dry bulk cargoes, announced that it has entered one of its Panamax dry bulk carriers, the Oceanis, into a time-charter contract with J.B. Ugland Dry Bulk A/S for a period of approximately 24 days, estimated to begin on August 22, 2005, at a gross rate of $12,500 per day plus a $198,000 one-time payment. Applying the above mentioned one-time payment to this fixture, and based on
DryShips Agrees to Sell, Buy and Build
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
Diana Shipping Inks Time Charter Contract for Capesize Bulker
Diana Shipping Inc.(NYSE:DSX), a global shipping company specializing in the ownership and operation of dry bulk vessels, announced that it has entered into a time charter contract with Morgan Stanley Capital Group Inc., through a separate wholly-owned subsidiary, for one of its Capesize dry bulk carriers, the m/v "Salt Lake City". The gross charter rate is US$13,000 per day, minus a 5% commission paid to third parties
Euroseas Ltd. Announces Acquisition of Containership
Athens, Greece - Euroseas Ltd., an owner and operator of dry bulk carriers, containerships and multipurpose vessels and provider of seaborne transportation for dry bulk and containerized cargoes, announced today that its joint venture, Euromar LLC ("Euromar"), signed a memorandum of agreement to purchase the M/V Cap Norte , a gearless containership of 41,850 dwt and 3,091 teu, built in 2007 in Poland. M/V Cap Norte comes with a three-year time charter at about $17
India's Great Eastern Shipping Sells Two
A dry bulk carrier has been delivered to the buyers & the contract for sale of a product carrier tankship has also been signed. The Great EasternShipping Company Ltd. (G E Shipping) has delivered its 1995 built Panamax dry bulk carrier Jag Arnav (about 71,000 dwt) to undisclosed buyers. Earlier, the company contracted to sell Jag Pawar, a 1988-built general purpose product carrier of about 29,900 dwt, with delivery to the buyers in Q1 2014.
Diana Shipping Inc. Announces Time Charter Contract
Diana Shipping Inc. (NYSE:DSX), a global shipping company specializing in the ownership and operation of dry bulk vessels, has announced that it has entered into a time charter contract with Rio Tinto Shipping Pty, Ltd., Melbourne, Australia, through a separate wholly-owned subsidiary, for one of its Panamax dry bulk carriers, the m/v Melia. The gross charter rate is US$9,700 per day, minus a 3
Diana Shipping: Time Charter Contract for M/V Boston
Diana Shipping Inc. (NYSE:DSX), a global shipping company specializing in the transportation of dry bulk cargoes, has entered into a time charter contract with Morgan Stanley Capital Group Inc., for one of its Capesize dry bulk carriers, the m/v Boston, at a gross rate of $14,000 per day, minus a 5% commission paid to third parties for a minimum twenty-two (22) to a maximum twenty-six (26) month period. The charterer has the option to employ the vessel for a further minimum eleven (11) to a
Diana Shipping Time Charter Contract
On Jan. 13, Diana Shipping Inc. (NYSE:DSX), a global shipping company specializing in the transportation of dry bulk cargoes, announced that it has entered into an agreement with Cargill International S.A., Geneva, to charter one of its Panamax dry bulk carriers, the M/V Clio, at a gross rate of$11,000 per day for a period of minimum 10 to a maximum13 months, starting on February 26, 2009. This employment is anticipated to generate approximately $3
Excel Maritime Announces 2Q Results
Excel Maritime Carriers Ltd an owner and operator of dry bulk carriers and a provider of worldwide seaborne transportation services for dry bulk cargoes, announced today that on Monday, August 13, 2007, after the close of the market in New York it will release its results for the second quarter ended June 30, 2007. On August 14, the company’s management will host a conference call to discuss the results.
Survey Finds Rise in Shipping Confidence
Overall confidence levels in the shipping industry rose to their highest level for two and a half years in the three months ended May 2013, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens.
Latest Dry Bulker Shipbuilding Orders Worldwide
It has been an active week in the shipbuilding market, especially in the dry bulk sector, according to Clarkson Hellas's 'Weekly S+P report'. Apart from a single Panamax order and declaration of some Capesize options, ordering has been primarily focussed on the smaller Handysize and Supramax
Diana Shipping Announces Delivery of M/V Baltimore
Diana Shipping Inc., a global shipping company specializing in the ownership and operation of dry bulk vessels, today announced that the company, through a separate wholly-owned subsidiary, took delivery of the m/v Baltimore (formerly Tamou), a 2005 built Capesize dry bulk carrier of 177
ABS Nautical Systems Gains Three Greek Customers
ABS Nautical Systems expands in Greece with contracts signed by Sun Enterprises Ltd., Quintana Shipping Ltd. and Nautilus Marine Acquisition Corp. All three companies will utilize ABS Nautical Systems’ Energy & Environmental Manager module through the ABS Newbuild Program
Excel Agreements Strengthen Financial Foundation
Excel Maritime Carriers Ltd., an owner and operator of dry bulk carriers and an international provider of worldwide seaborne transportation services for dry bulk cargoes, has announced that it has reached an agreement in principle with a steering committee of its senior lenders on the terms of a
Coal Trade Rescues Dry Bulk Market, US Gains Traction
Dry bulk trade grew by an impressive 7% in 2012 with steam coal proving to be the saviour of the freight market, which otherwise would have seen a complete bloodbath, according to Drewry's latest 'Dry Bulk Forecaster'. Steam coal trade increased by about 18% from 665 million tonnes in 2011 to
IMO to Shed Light on HME Disposal Confusion
Guidance circular to be issued for ships calling at ports without reception facilities for Harmful to the Marine Environment (HME) waste, including Hold Washing Water (HWW). Shipowners pleas for greater clarity on what to do when there are no adequate port reception facilities to receive residues
COSCO China Shipyards Diminish Group Q1 2013 Profits
The Group achieved $9.7 million net profit on turnover of $733.0 million in Q1 2013, but shipyard & drybulk operations contributions down. In Q1 2013, turnover from shipyard operations decreased by 25.5% to $719.2 million from $965.9 million in Q1 2012
ISS Opens Office in the Amazon
Inchcape Shipping Services (ISS) is set to ppen a new office in Santarem, Pará State to cater to the Amazon and Brazil markets. The new office, the company’s third in the Amazon, in addition to Manaus and Belem, will enhance its presence in the booming Brazilian market and is its
Bechtel Studies Cargo Ship Safety in West Africa
Bechtel launched a new research initiative to improve the safety of mooring large cargo ships off the coast of West Africa. The combination of heavy ocean swell, squalls and shallow coastlines can create unpredictable conditions which limit the number of dry bulkers that can be moored safely in
Rand Appoints Two Directors
Rand Logistics, Inc. announced that John Binion, most recently the Chief Operating Officer and Executive Vice President of United Maritime Group, has been appointed to Rand's Board of Directors. Rand also announced that Michael Lundin, who has served as an independent director of Rand since April
TORM Product Tankship Deal With Oaktree Capital
Denmark's TORM agreed to sell five MR product tankers to a company controlled by Oaktree Capital Management as part of an earlier restructuring agreement. The sale is a consequence of the specific option rights, which one bank group exercised in connection with the Restructuring Agreement.
U.S.-Flag Lakers Down Seven Percent
U.S.-flag Great Lakes freighters (lakers) carried 2.2 million tons of dry-bulk cargo in March, a decrease of 7% compared to 2012. However, the fleet’s March float was marginally ahead of the month’s five-year average.
Greece's Diana Shipping to Buy Capesize Bulk Ship
Diana Shipping Inc. signs up to buy the 'M/V Tamou', a 2005 built Capesize dry bulk carrier of 177,243 dwt. The purchase price is US$27,020,202, less one percent address commission to the buyers. The vessel, to be renamed "Baltimore
U.K. Shipping Sector More Confident, Survey Finds
The survey indicates freight-rate improvements and greater likelihood of new investment in the next 12 months. Overall confidence levels in the international shipping industry recovered to their highest level for two years in the three months ending February 2013, while U.K