Shipping

Global shipping and logistics company, Navios, has reported an increase in its third quarter loss compared to 2015.

Star Bulk Carriers has booked a net loss in 3Q16 of US$39.4 million on revenues of US$59.9 million.

Dry bulk shipping company, Globus Maritime, has reported improved year-to-date results, despite an increased third quarter loss,

Dry Bulk shipping company, Golden Ocean Group, has announced an improved loss in 3Q16 on better market conditions.

Scorpio Bulkers has entered into three time charter-out agreements covering two ultramax and one kamsarmax vessels.

An increased proportion of Chinese imports are coming from Indonesia and Australia, limiting tonne-mile demand growth for the dry bulk shipping sector.

DryShips Inc. reaches agreement with one of its lenders to settle its outstanding loan obligations.

The China Navigation Company christened its lastest newbuild, MV Tunsin, on 16 November at the Imabari Shipyard in Japan.

Rates for capsize, supramax and panamax vessels all firmed in week 46 as higher commodity prices boosted demand for shipping.

The latest quarterly iShip Index, published by the IMDO, shows that shipping and port activity in the Republic of Ireland rose by 2% in 3Q16 compared to 3Q15.

Vessel Value has reported the five biggest dry bulk spenders in the last year.

Moderating vessel supply growth with a small improvement in the outlook for seaborne trade will help reduce overcapacity and enable a recovery in the dry bulk shipping market, according to Drewry.

Japanese shipyards received just two orders to new dry bulk carriers in October, compared to 27 the year before.

Eagle Bulk Shipping acquires a resale 2017-built 64 000 DWT SDARI-64 ultramax dry bulk vessel constructed at Chengxi Shipyard.

Fortescue has secured a US$473 million funding agreement from CDB Leasing for its very large ore carriers.