Marine Link
Thursday, March 28, 2024
SUBSCRIBE

Financial And Industrial Products News

28 Aug 2013

Ardmore Announces H1, Q2 Results

Ardmore Shipping Corporation announced results for the three and six months ended June 30, 2013. The company raised $140 million of gross proceeds in its initial public offering (IPO) of common stock, par value $0.01, which closed on August 6, 2013. In connection with its IPO, the company listed its common stock on the  New York Stock Exchange and trading commenced on August 1, 2013. Signed contracts for the construction of ten newbuildings at yards in South Korea and Japan which are expected to be delivered in 2014 and 2015 for a total of $319.8 million, increasing the Ardmore fleet to 20 ships consisting of eight vessels in operation and 12 vessels on order.

02 Oct 2012

Charterers Take Lead in Contracting Most Fuel-efficient Vessels

Cargill, Huntsman Corp. & UNIPEC UK who combined charter over 350 million tonnes of commodities annually decide to charter only eco-friendly ships. Cargill, one of the world's leading international transporters, producers and marketers of food, agricultural, financial and industrial products, Huntsman Corporation, the global manufacturer and marketer of differentiated chemicals and UNIPEC UK Company Ltd, trader of crude oil and oil products, announce that they will only charter the more efficient vessels operating in the shipping market. This commitment is the first of its kind in the industry to reduce the existing fleet carbon emissions.

24 Jan 2012

Indiana Sees First January Vessel in Five Years

The Port of Indiana-Burns Harbor has welcomed a rare January lake vessel to its docks. The "James Kuber" will export approximately 16,000 tons of local corn from port company Cargill to an ethanol plant in Sarnia, Ontario. The 700-foot vessel is expected to begin loading tonight and continue through tomorrow morning. "This is the first lake vessel that we've had call on the port in January since 2006," said Peter Laman, port director at the Port of Indiana-Burns Harbor. "The mild weather has kept ice from forming on the lakes, which generally limits shipping this time of year. The international shipping season officially closed last month, but the port is open year-round.

07 Apr 2000

Online Bulk Shipping Exchange Will Transform Market

An online shipping exchange being set up by two of the world's biggest oil firms, a leading agrifood multinational and top shipbroker will transform the way traditional shipping markets work, industry experts said. The company, LevelSeas.Com, being set up by oil majors BP Amoco and Shell International Trading and Shipping with food processor and distributor Cargill and shipbroker Clarksons will potentially control 10 percent of bulk commodity movements from day one. But it aims to be a neutral platform open to all sides of the industry. "This will act as a real catalyst for change in the industry - and change for the better. Nothing else offers a seamless service to take us from the start to the end of a voyage…