Phoenix Express 2016 Concludes
Maritime forces from North Africa, Europe, and the United States concluded exercise Phoenix Express 2016 with closing ceremonies in Souda Bay, Greece May 27. Phoenix Express, sponsored and facilitated by U.S. Africa Command (AFRICOM), is designed to improve regional cooperation between partner nations, increase maritime domain awareness, information sharing practices, and operational capabilities to achieve safety and security in the Mediterranean Sea. Capt.
Long Beach Port Maintains Strong Bond Rating
Fitch Ratings, one of the top three U.S. credit analysis agencies, has affirmed the Port of Long Beach’s “AA” rating on its outstanding debt. Fitch stated the AA rating — its highest for U.S. ports — was warranted due to the Port’s strong market position, resilient, long-term revenues from Port tenants, and the Port’s robust ability to service its debt. The rating agency reported that the Port’s $3.2…
Diana Charters Out Two Bulkers
Diana Shipping Inc. today announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with Bunge S.A., Geneva, for one of its Panamax dry bulk vessels, the m/v Naias. The gross charter rate is US$5,000 per day, minus a 5% commission paid to third parties, for a period of about five (5) months to about seven (7) months. The charter commenced yesterday. The “Naias” is a 73,546 dwt Panamax dry bulk vessel built in 2006.
GloMEEP Project Forges Ahead with Train-the-Trainer Workshop
A global Train-the-Trainer workshop on energy efficiency has been delivered in China (23-27 May), preparing the personnel needed to cascade knowledge on energy efficiency for ships and related efforts for mitigation of greenhouse gas emissions from international shipping. The five-day intensive course was organized by the International Maritime Organization (IMO), within the framework of the Global Maritime Energy Efficiency Partnerships (GloMEEP) Project.