Dry Bulk Cargoes
Excel Maritime Increases Quarterly Minimum Dividend
Excel Maritime Carriers an owner and operator of dry bulk carriers and a provider of worldwide seaborne transportation services for dry bulk cargoes, announced today that the Board of Directors has increased the Company’s minimum annualized dividend guidance to $1.60 and has set the 2008 minimum annualized dividend guidance to $1.20. This guidance would result in a minimum quarterly dividend of $0.40 per common share beginning with the dividend declared for the second quarter of 2008.
Diana Shipping Assumes Shipbuilding Contracts
Diana Shipping Inc., a global shipping transportation company specializing in dry bulk cargoes, announced that it has assumed shipbuilding contracts from two unaffiliated parties for the construction of two Capesize dry bulk carriers of approximately 175,000 dwt each for a price of $60.4 million each. The vessels will be constructed by Shanghai Waigaoqiao Shipbuilding Co., Ltd. and Diana Shipping Inc. expects to take delivery of the vessels during the second quarter of 2010.
Quintana Prices 8 Vessels for 2010
Quintana Maritime Ltd., a Greek shipping company specializing in dry bulk cargo, said Tuesday it secured eight vessels under a master time charter with Bunge SA at an average daily rate of $21,800. Quintana Maritime expects to earn about $59.2 million in net revenue in 2010 as a result of the fixtures. The company said almost 40 percent of its fleet's expected net operating days are secured at fixed rates in 2010, worth about $119 million. Source: AP
Excel Maritime Acquires Handymax Dry Bulk Vessel
Excel Maritime Carriers Ltd a shipping company specializing in the seaborne transportation of dry bulk cargoes, announced that it has entered into an agreement to purchase a Handymax dry bulk vessel for delivery during the first quarter of 2005. The vessel, of 42,500 dwt, was built in Japan in 1987, and will be put directly into the spot and short term time charter markets. CEO Christopher Georgakis commented, "The demand for seaborne dry bulk trade has grown tremendously over the last few
Star Bulk Carriers Relocates, Appoints Kleopas
Star Bulk Carriers Corp., a shipping company focusing on the transportation of dry bulk cargoes, announced that it has moved its executive offices to new premises at 40 Agiou Konstantinou Str, 15124 Maroussi, Greece. All interested parties are asked to update their records accordingly. Star Bulk also announced the appointment of Zenon Kleopas as the Company's new Chief Operating Officer. Kleopas has over 30 years of experience in the shipping industry and served as General Manager of
Greek Owners Sell Bulker, Reduce Debt
Greece-vased Seanergy Maritime Holdings sells its 172,173 dwt Capesize bulk carrier 'BET Scouter' for recycling The 1995-built, drybulk vessel, built in 1995 fetched a gross price of US$12,118,537. The ship was sold for demolition and has been delivered to its new owners. The Company will use the proceeds to reduce debt. Following the completion of sale of the BET Scouter, the Seanergy Maritime fleet consists of ten Handysize, three Panamax
Excel Maritime Takes Physical Delivery of MV Princess I and MV Angela Star
Excel Maritime Carriers Ltd, an owner and operator of dry bulk carriers and a provider of worldwide seaborne transportation services for dry bulk cargo has announced today that it has taken physical delivery of two vessels, MV Princess I at the port of Izmit in Turkey and MV Angela Star at the port of Taean in South Korea. MV Princess I is a Handymax bulk carrier of 38,858 dwt built in 1994 and MV Angela Star is a Panamax bulk carrier of 73,798 dwt built in 1998. Both
Diana Shipping Time Charter, M/V Calipso
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 Cargill International S.A., Geneva, for one of its Panamax dry bulk carriers, the m/v Calipso, at a gross rate of US$9,400 per day for a minimum eleven (11) to a maximum fourteen (14) month period. The charter commenced on January 24, 2009. This employment is anticipated to generate approximately $3
Diana Shipping Time Charter for M/V Melite
Diana Shipping Inc. (NYSE:DSX), a global shipping company specializing in the transportation of dry bulk cargoes, today announced that it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Panamax dry bulk carriers, the m/v Melite, at a gross charter rate of US$16,500 per day, minus 5% commission paid to third parties, for a period of minimum twenty-three (23) to maximum twenty-five (25) months
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
Cargo Movement In U.S.-Flag Vessels Down
U.S.-flag Great Lakes freighters (“lakers”) carried 89.5 million tons of dry-bulk cargo in 2012, a decrease of 4.6 percent compared to 2011. The 2012 float was 1.5 percent off the 5-year average for U.S.-flag lakers.
ACP Administrator Meets Members
As part of the ongoing conversations with the shipping industry, a Panama Canal Authority (ACP) delegation headed by Administrator Jorge L. Quijano met with the International Association Of Independent Tanker Owners (Intertanko) and the International Association Of Dry Cargo Shipowners
U.S. Flag Great Lakes Cargo Down in 2012
U.S.-flag Great Lakes freighters carried 89.5 million tons of dry-bulk cargo in 2012, a decrease of 4.6 percent compared to 2011. The 2012 float was 1.5 percent off the five-year average for U.S.-flag lakers. U.S.-flag lakers carried 45.2 million tons of iron ore in 2012, or 73
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.
U.S.-Flag Lakes Float Down 5.1 Percent in July
U.S.-flag Great Lakes freighters (“lakers”) carried 10.5 million tons of dry-bulk cargo in July, an increase of 6.6 percent compared to June, but a decrease of 5.1 percent compared to a year ago. The July float was, however
TOP Ships Shares Fall Below NASDAQ Par
Greek-based shipowners TOP Ships Inc. announces receipt of Nasdaq notice. TOP SHIPS Inc. is engaged in the worldwide transportation of liquid and petroleum cargoes as well as dry bulk cargoes through the ownership of a fleet of 6 tankers and 1 dry bulk carrier.
Bridge Navigation Systems Contract for Northrop Grumman
Northrop Grumman contracted by Chengxi Shipyard to supply navigation bridge equipment for a series of new 39,500-dwt dry bulk cargo ships. The contract is for the supply of navigation bridge equipment for a series of 39,500-dwt dry bulk cargo ships being built in China for the China Navigation
U.S.-Flag Lakes Float Down
U.S.-Flag Lakes Float Down 8.6 Percent in August. U.S.-Flag Great Lakes freighters (“lakers”) carried 9.5 million tons of dry-bulk cargo in August, a decrease of 10.1 percent compared to July, and 8.6 percent less than the volume recorded a year ago
TORM Streamlines Operations
TORM to streamline operations across its fleet with Inmarsat XpressLink • Danish shipping company TORM A/S chooses Inmarsat XpressLink to deliver next generation high speed broadband capability to its entire fleet
Greek Owners Sell Bulker 'Clipper Grace'
Seanergy Maritime Holdings sell 'Clipper Grace', a 30,548 dwt Handysize drybulk vessel, built in 2007, at a gross price of US$11.25 million. The vessel was delivered to its new owners on October 15, 2012. The company will use the sale proceeds to reduce debt and for working capital purposes
Rio Tinto Marine Registers Another Ship in UK
'RTM Cook', built at Hanjin Heavy Industries in Subic Bay, Philippines, first of eight new RTM bulkers to fly the Red Ensign. Rio Tinto Marine provides services to the Rio Tinto Group to ensure that maximum efficiency is achieved in all of their mine-to-market supply chains
Seanergy Raise Cash on 'Clipper Glory'
Seanergy Maritime Holdings Corp. sells 'Clipper Glory', a 30,570 dwt Handysize drybulk carrier built in 2007, for US$11.25-million. The Company used the sale proceeds to reduce debt and for working capital purposes. Following the completion of sale of the Clipper Glory
Middle East Port Handles Last Container
Mina Zayed, Abu Dhabi's main port for more than 40 years, redirects container ships to Khalifa Port near Taweelah, UAE. Abu Dhabi Terminals (ADT) has completed the switch three months ahead of schedule and less than three months after Khalifa Port began commercial operations at the start of
U.S.-Flag Laker Cargos Down 8.7 Percent
U.S.-flag Great Lakes freighters (“lakers”) carried 9.2 million tons of dry-bulk cargo in November, a 6.6 percent increase over October’s total that was noticeably impacted by Hurricane Sandy. However, compared to a year ago, the U.S
Seanergy Maritime Sells Subsidiary BET
Seanergy Maritime Holdings Corp. has completed the sale of its 100% ownership interest in Bulk Energy Transport (Holdings) Limited (BET). The Buyer, I.M.I. Holdings Corp., is an affiliate of members of the Restis family, the Company’s major shareholders.