Shipping

The company has named Ioannis Kartsonas as new member of the Board of Directors.

New ship agency, WaterFront Maritime Services, extends offering to provide coverage across 356 offices worldwide.

Peter Schulz is selected as the next Chief Financial Officer of Pacific Basin Shipping.

Navios Maritime Partners L.P. has acquired one 2010-buit capesize vessel for US$27.5 million.

The company has reported its results for the three months ended 31 March, 2017.

Scorpio Bulkers Inc. agrees to sell two of its kamsarmax vessels for US45 million.

Algoma Central Corp. and Nova Marine Carriers SA form a joint venture that will focus on short-sea dry bulk shipping for global markets.

DryShips Inc. enters into agreements with unaffiliated third parties to acquire three kamsarmax dry bulk vessels.

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.