Shipping

The company has announced it has received a full refund under the Kamsarmax Shipbuilding contract.

According to a report from BIMCO, the significance of US coal exports has seen a considerable setback, with 2016 achieving the same levels as 2009.

Euroseas is to acquire an 63 500 DWT ultramax dry bulk carrier from Dayang shipyard, Hull DY160, which will be built in 2017.

Dry bulk shipping company, Genco Shipping and Trading, has closed on a new US$400 million credit facility and completed a US$125 million stock sale.

DryShip’s founder and chairman George Economou is to provide a US$200 million loan facility to the company as part of a refinancing package.

GE Shipping has taken delivery of a secondhand supramax dry bulk carrier, Jag Radha, (2009 built) of about 58 000 DWT.

Total joins SEA\LNG, a multi-sector industry coalition created to accelerate the widespread adoption of LNG as a marine fuel.

Scorpio Bulkers has entered into a time charter-out agreement covering one of its kamsarmax vessels.

Athens-based Seanergy Maritime Holdings has taken delivery of a capesize dry bulk vessel with plans to expand its fleet further in the New Year.

Eagle Bulk plans to raise US$100 million via a private placement of shares, the latest in a string of dry bulk shipping company to announce a capital raising.

The Athens-based dry bulk shipping company has raised US$100 million in a direct offering of new shares and warrants.

Safe Bulkers has raised over US$ 17 million in a public offering.

Scorpio Bulkers Inc. announces vessel price reductions and authority to repurchase its 7.5% senior notes.

Athens-based dry bulk shipper, Seanergy, has announced pricing for a US$15 million share offering.

Dampskibsselskabet NORDEN A/S has entered into a 9-year contract for the transportation of wood pellets with Canada’s largest manufacturer of wood pellets, Pinnacle Renewable Energy Inc.