Shipping

Safe Bulkers shares its financial results for the first quarter of 2018; a key highlight being the 31% increase in net revenues compared to the same period last year.

Oldendorff Carriers becomes a member of the Sustainable Shipping Initiative.

CSL Group (CSL) and Hartmann Family establish a 50/50 joint venture (JV) for the construction and operation of a 40 000 DWT self-unloading vessel to trade in Europe.

On 24 May, Gambian President Adama Barrow visited the Port of Antwerp where both parties signed a MoU to examine how the ports can collaborate more closely in the future.

The Clean Shipping Index has recently welcomed I-Tech as a new member of the organisation.

Euroseas Ltd. has announced the effectiveness of the registration statement and approval for a listing on the NASDAQ capital market of EuroDry Ltd., its dry bulk fleet spin-off.

Navios Maritime Partners took delivery of the Navios Symmetry panamax vessel on 21 May.

Diana Shipping Inc., enters into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its capesize dry bulk vessels, the m/v P. S. Palios.

Mark Simmonds, Policy Manager at the BPA, has responded to the Government’s “disappointing” Clean Air Strategy which was published yesterday.

Eniram has signed an MoU with Arista Shipping to participate in Project Forward for developing new generation of bulk carriers.

The Port of Indiana-Mount achieves highest first quarter volume on record at any of Indiana’s three ports, which drives record first quarter for the Ports of Indiana as a whole.

Pacific Basin purchases four dry bulk vessels for US$88.5 million that will be 50% funded by new shares issued to ship sellers.

The company has reported revenue and Adjusted EBITDA of US$116.9 million and US$28 million respectively for 1Q18.

Asian Bulk Logistics intends to add 18 dry bulk barges to its fleet in order to serve a domestic coal contract.

The blockchain transaction involved a bulk shipment of soybeans from Argentina, to Malaysia through Cargill’s Singapore subsidiary as the purchaser.