Shipping

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.

Euroseas Ltd. has announced its decision to proceed with a newbuilding contract at a discounted purchase price for a fuel efficient kamsarmax drybulk carrier.

The company expects to take delivery of the vessels before the end of June 2017.

The company has confirmed the purchase of nine Crown-63 ultramax dry bulk sister vessels for US$153 million.

The annual report has been filed with the Securities and Exchange Commission.

The Tete Oldendorff recently entered Chengxi Shipyard in China to be converted to a transloader.

Bahri expands its presence In North America by opening its second North American office in Houston, Texas.

GE Shipping signs a contract to buy a supramax dry bulk carrier of about 52 450 DWT.