DryShips, Inc. is to sell two of its older panamax dry bulk carriers for US$18.8 million.
“Increased shipments of iron ore by major mines will increase supply pressure, but steel mills' profits may increase further as downstream demand is expected to remain firm that will support demand and prices of high grade ores.”
Mitsui O.S.K. Lines, Ltd.’s coal carrier OI MARU was delivered to Imari Shipyard and Works of Namura Shipbuilding Co., Ltd. on 14 June.
More Shipping news
Blue Planet Shipping is anxiously awaiting the return of one of their Masters after he went missing at sea on Monday evening.
Maly Port Stevedoring Company is planning to invest more than US$3.7 million in environmental protection to minimise the negative consequences of coal transhipments.
Euroseas has completed the spin-off of its dry bulk fleet into a separate publicly listed company, EuroDry Ltd.