Shipping

Wärtsilä's development of exhaust gas cleaning systems has positioned the company ready to meet the MEPC’s sulfur cap.

Global shipping company Klaveness sells kamsarmax vessel to Asian interests and exits standard bulk vessel business.

Veson Nautical, a provider of maritime software and services, has added 10 new clients to its growing user community of the past five months.

Australian iron ore major, Fortescue, reported record iron ore shipments of 43.8 million t in 3Q16.

Vale’s 3Q16 iron ore and pellet shipments from Brazil and Argentine were up on the previous quarter and on 3Q15.

The Great Eastern Shipping Co. Ltd signed a contract to buy a supramax dry bulk carrier of approximately 58 000 DWT.

Heila Cranes and Van Aalst Bulk Handling sign an exclusive cooperation agreement for the cement manipulator product group.

SunCoke Energy Partners LP is piloting a new line of business at its Convent Marine Terminal with a US utility customer to transload thermal coal destined for the domestic marketplace.

Gearbulk and Grieg Star intend to enter into a joint venture to establish a highly versatile and customer oriented, global dry bulk shipping company.

PaxOcean Engineering awards new deck machinery contracts for long-term charter vessels from the Middle East to Saudi Aramco to MacGregor.

MacGregor has won Pusnes deck machinery orders for a new series of 400 000 DWT very large ore carriers (VLOCs) under construction at Chinese shipyard, Qingdao Beihai Shipbuilding Heavy Industries.

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.