Shipping

The international shipping association has said that reports of a full ban are premature, but that the situation could soon change.

On 10 January, Eagle Bulk Shipping hold a Bloomberg Intelligence webinar on the outlook for the global dry bulk shipping market and the implications of the IMO 2020 emission regulation.

In 2018, freight derivative volumes in the tanker market rose by 20%, volumes in the dry market rose 1.4%, and dry options volumes rose by 44%.

Navios Maritime Partners L.P. authorised a unit repurchase programme for up to US$50 million of its common units over a two year period.

Jinhui Holdings is to dispose of a supramax vessel, which will be delivered to the purchaser between 15 February and 31 March.

FESCO transported 157 000 t of cargo to the Northern Territories of Russia under the northern delivery in 2018.

Diana Shipping Inc. has announced the final results of a tender offer to purchase up to 4 166 666 shares of its common stock.

The economic value corresponds to an EBITDA of US$5.3 million.

According to a recent report by BIMCO, panamax demolitions have been down 71.6% in 2018 compared to 2017.

The UKMPG welcomes the National Infrastructure Commission’s latest interim freight report.

The time charter contract with SwissMarine Services S.A. is for one of its capesize dry bulk vessels, the m/v Seattle.

Fortescue Metals Group delivered the new product on schedule.

Globus Maritime completes the refinancing of two ships through a long-term credit facility with Macquarie through its global ship financing business.

Mitsui O.S.K. Lines has participated in a demonstration test of ship class survey using drones.

The company has purchased 25 000 of its common shares in open market transactions at an average price of US$9.11