Shipping

Algoma Central Corp. sells its Corporate Park properties in St. Catharines, Canada.

Proceeds of the offering are expected to be used to fund the acquisition costs of additional dry bulk vessels.

Seanergy Maritime Holdings Corp. enters into a time charter contract with a major European charterer, for one of its capesize dry bulk vessels.

DryShips Inc. has entered into a one year time charter contract with a major grain house for one of its newcastlemax vessels.

According to Reuters the shipping pace of both corn and wheat must remain strong over the next several months.

The company has reached agreements with both DVB Bank and HSH Nordbank AG to gain waiver relaxations of its financial covenants.

Essar Shipping Ltd reports its cargo handling has grown by 22% in FY 2016 – 2017.

Navios ShipManagement Inc. has issued a letter of intent endorsing DuPont Clean Technologies as the preferred supplier of exhaust gas cleaning systems for its vessels.

Seanergy Maritime Holdings Corp. has announced that it has entered into an agreement for the purchase of a secondhand Capesize vessel.

Navios Maritime Partners L.P. agrees to acquire two panamax vessels for $27 million.

DryShips Inc. enters into a US$226.4 million common stock purchase agreement with Kalani Investments Ltd and announces the acquisition of six vessels.

Louis Martel takes the helm of The CSL Group as President and CEO.

Coal exports in the first eight months of 2016-17 have already reached close to the level achieved over the full 2015-16 financial year.

Oldendorff Carriers and BMT SMART (BMT) have signed a new agreement for the roll out of fleet performance management technology onboard Oldendorff vessels.

The dry bulk market picked up momentum during fourth quarter of 2016.