According to an Oct. 9 report from Bloomberg, Eagle Bulk Shipping Inc. may have to wait as long as three years for a rebound in shipping rates to fully reap the benefit of an expansion of its fleet, Chief Executive Officer Sophocles Zoullas said. Eagle is nearly doubling its fleet, adding 22 ships through 2011 at an average price of $35m each to the 25 vessels already on the water.
(Source: Bloomberg)
Iran’s foreign minister said the crew of a seized Portuguese-flagged ship linked to Israel have been granted consular access…
The Austal USA Board of Directors has elected Michelle Kruger as Austal USA President. She has been serving as interim president…
Mitsui O.S.K. Line (MOL) has taken delivery of the newly built dual-fuel LGP and ammonia very large gas carrier (VLGC) Aquamarine Progress II…
Royal Caribbean Group raised its annual profit forecast for a second time and beat expectations for first-quarter profit and revenue on Thursday…
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