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G E Shipping to buy Product Tanker
The Great Eastern Shipping Company Limited (G E Shipping) signed a contract to buy a Medium Range Product Tanker of about 48,700 dwt on 4th November, 2014. The 2004…
Knightsbridge and Golden Ocean to Merge
Knightsbridge Shipping Limited and Golden Ocean Group Limited have today entered into an agreement and plan of merger pursuant to which the two companies have agreed to merge…
G E Shipping Acquires a Supramax Bulk Carrier & Sells "Jag Prachi"
The Great Eastern Shipping Company Ltd. (G E Shipping) took delivery of a 2006-built Supramax Bulk Carrier of about 52,454 dwt. The company had contracted to buy the ship earlier this month.
Star Bulk Takes Delivery of M/V Leviathan
Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargos, has announced that on September 19, 2014 it has taken delivery of M/V Leviathan, a 182,000 dwt Capesize built by Japan Marine United (JMU). The vessel is a sistership to M/V Peloreus already delivered to the company and is the second of six similar vessels ordered at JMU with expected deliveries until the third quarter of 2015.
G E Shipping Contracts to Buy a Supramax Bulk Carrier
The Great Eastern Shipping Company Limited (G E Shipping) has signed a contract to buy a Supramax Bulk Carrier of about 52,454 dwt. The 2006 built vessel is expected…
G E Shipping Sells General Purpose Product Tanker
The Great Eastern Shipping Company Ltd. (G E Shipping) has signed a contract to sell the 1991-built General Purpose Product Tanker Jag Prachi (28,610 dwt). The vessel…
Latest Ocean-Going Shipbuilding Orders
A couple of orders to report in dry this week with Santoku Senpaku adding further Kamsarmax to their orderbook, this time for two firm 82,000 dot bulk carriers at…
Star Bulk to Acquire 34 Drybulk Vessels
Star Bulk entered into a definitive agreement with Excel Maritime Carriers Ltd., and as a result, will acquire 34 drybulk vessels for an aggregate of 29.917 million shares of common stock of Star Bulk and $288.39 million in cash. Star Bulk Carriers Corp. announced today that it has entered into definitive agreements with Excel Maritime Carriers Ltd. pursuant to which the company will acquire 34 secondhand operating drybulk carriers…
BIMCO: Bulk Market Awaits Freight Rates Lift
Dry Bulk Shipping: All eyes on Brazilian iron ore exports, as we await the long-anticipated lift in freight rates. The freight market, which performed so well in Q1, has certainly not delivered in the past four months. BDI has dropped from 1,621 on March 20 to hit 747 on July 29. Panamax ships have not been above $10,000 per day since February 20, but below $5,000 per day for most of June and July.
China Shipyards Bag the Week's Ocean-going Newbuild Orders
Reported ordering this week has been exclusively focussed on the Chinese yards, says Clarkson Hellas in their latest 'S&P Weekly Bulletin'. COSCO Shipyards have announced a number of orders…
Star Bulk Takes Delivery of First Capesize from JMU
Athens, Greece-headquartered Star Bulk Carriers says it has taken delivery of 'M/V Peloreus' a 182,000 dwt Capesize built by Japan Marine United (“JMU”) and the…
Global Ocean Trade: Latest Shipbuilding Orders
No tankship orders noted the past week by Clarkson Hellas in their latest S&P Weekly Bulletin, but no lack of orders in the dry bulk carrier market, all from Far East shipbuilders.
Scorpio Bulkers Gets $540m Loan for Newbuilds
Scorpio Bulkers Inc. announced that it has received a commitment for a $540 million loan facility and provides an update on the financing of its fleet. On July 21, 2014, the company received a commitment from two European financial institutions for a loan facility of up to $540 million. The facility will be used to finance up to 55% of the contract price of 24 vessels, including six Ultramax, nine Kamsarmax and nine Capesize vessels currently under construction for delivery in 2015 and 2016.
G E Shipping Takes Delivery of a VLGC
The Great Eastern Shipping Company Ltd. (G E Shipping) took delivery of a 1994-built Very Large Gas Carrier (VLGC) “Jag Vishnu” [49,300 dwt (73,800 cbm)] on 8th July 2014.
G E Shipping Contracts to Sell a VLGC
The Great Eastern Shipping Co Ltd. (G E Shipping) has signed a contract to sell “Jag Vidhi”, a Very Large Gas Carrier. The 1990 built vessel of about 49,701 dwt…
Global Ocean Trade: Latest Shipbuilding Orders
Tsuneishi have taken an order at their Cebu facility in the Philippines for a total of three 81,600 DWT Kamsarmax for Japanese buyers. Nissen Kaiun declared two…
Global Ocean Trade: Latest Shipbuilding Orders
The past week was a relatively quiet one in the world's deep-sea shipbuilding market, reports Clarkson Hellas S&P in its latest 'Weekly Bulletin'. Santoku Senpaku…
SFL Acquires Bulk Carriers; Charters Box Ships
Acquisition of two 82,000 dwt dry-bulk carriers and long-term charters for 8,700 teu container vessels nnounced by Ship Finance International (SFL). Ship Finance…
G.E. Shipping delivers “Jag Padma” to buyers
The Great Eastern Shipping Company Ltd. (G E Shipping) today announced having delivered its 1996 built Medium Range Product Tanker “Jag Padma” (47,172 dwt) to the buyers.
Far East Shipyards Bag the Week's Newbuilding Orders
South Korea, Japan and China shipyards update their order books with a clean haul of ocean-going newbuilding contracts, detailed as follows in the latest Clarkson Hellas S&P Weekly Bulletin.