Shipping

Eagle Bulk Shipping Inc. has announced that it has reached a definitive agreement to purchase a minimum of 6 and up to 9 Crown-63 Ultramax dry bulk sister vessels.

MacGregor has launched a new crane compensation system for offshore ship-to-ship load transfers, offering substantially larger operating windows as well as safer and faster load transfers.

According to a Wood Mackenzie study, global bunker fuel costs could rise by up to US$60 billion annually from 2020.

The dredging of the access channel to the port of Maputo from 11 to up 14.4 m has been completed.

Nikiforos has entered into a spot voyage contract for transporting approximately 40 030 t of dry bulk cargo from Middle East to Subcontinent.

Bahri Dry Bulk and Koninklijke Bunge have announced they have signed definitive agreements forming a joint venture to establish an ocean freight supplier for dry bulk import and export flows in and out of the Middle East region.

China is to ban all coal imports from North Korea, including coal that is already in transit.

Diana Shipping Inc. has announced a direct continuation of a time charter contract for m/v Houston with SwissMarine.

The latest iShip Index published by the Irish Maritime Development Office (IMDO) shows that shipping and port activity in the Republic of Ireland fell by 2% in the fourth quarter of 2016 when compared to the corresponding period of 2015.

Maritime Strategies International forecasts weak forward prospects for the dry bulk sector thanks to a combination of volatile trade prospects and political policy.

Diana Shipping Inc. has reported a net loss of US$23.3 million and a net loss attributed to common stockholders of US$24.7 million for 4Q16.

The vessel transported 31 000 short t of bulk cargo during its voyage from North America to the Middle East.

With contraction in vessel supply and healthy demand growth, the dry bulk shipping market is expected to recover from 2017 onwards, according to the latest edition of the Dry Bulk Forecaster.

KWS Manufacturing Co. has received recertification from the National Board of Boiler and Pressure Vessel Inspectors to repair pressure vessels.

Diana Shipping Inc. announces a direct continuation of a time charter contract for m/v Aliki with SwissMarine.