Shipping

Algoma Central Corp. announced it has sold Ridley Square in St. Catharines for CAN$14.1 million.

The current crisis in the dry bulk shipping sector will result in industry consolidation, as well as more focus on risk management and higher financing costs, according to BIMCO.

The Baltic Exchange has appointed Mark Jackson as its new CEO, as the London-based shipping organisation prepares to be taken over by Singapore Exchange.

Safe Bulkers Inc. has agreed to the novation of a Japanese newbuilding panamax class vessel and the sale of a Japanese newbuilding kamsarmax class vessel.

BNSF Railway, Montana’s primary freight carrier, is decreasing its tariff rates for shipments of wheat in the Northern states.

Associated British Port’s Port of Ayr, in Scotland, UK, has recorded one of its busiest days in the last 25 years.

The CSL group’s 2015 Corporate Sustainability Report shows continued progress on safety, environmental stewardship and socially-responsible shipping.

The Great Eastern Shipping Co. Ltd signed an MOA to purchase a secondhand 179 250 DWT capsize dry bulk carrier.

Diana Shipping, through a separate wholly-owned subsidiary, took delivery of the m/v Maera, a 2013 built panamax dry bulk vessel of 75 403 DWT.

Kawasaki Kisen Kaisha Ltd announces the delivery of Corona Victory, an 88 000 DWT coal carrier at Imabari Shipbuilding Co’s Marugame Shipyard.

The instalments paid in relation with these contracts including interest will be paid back by the refund guarantor.

NPRC has been elected the best-performing charterer in inland shipping by the Dutch shippers’ association EVO.

Diana Shipping has entered a time charter contract for m/v Thetis, a panamax dry bulk vessel, with Transgrain Shipping.

The Ministry of Shipping has created a new berthing policy for dry bulk cargo for major ports, effective 20 August 2016.

Diana Shipping, through a separate wholly-owned subsidiary, enters into a time charter contract with Narina Maritime for one of its panamax dry bulk vessels: the m/v Coronis.