Shipping

Eagle Bulk Shipping Inc. acquires a 2016 built 61 000 DWT NACKS-61 ultramax dry bulk vessel – the company’s first vessel acquisition in six years.

As of 1 January 2017, Carisbrooke Shipping and Nova Marine Carriers will consolidate all commercial shortsea bulk shipping activities.

Chanakya Kocherla has indicated his intention to retire as an Executive Director of Pacific Basin Shipping Ltd.

Diana Shipping Inc. has, through a wholly-owned subsidiary, provided notice of cancellation of a shipbuilding contract for a kamsarmax dry bulk carrier.

SEA/LNG, which promotes the use of LNG as a marine fuel, has welcomed an IMO decision to introduce a global sulfur cap on marine fuels in 2020.

On 21 October 2016, the biggest agri-bulk vessel to berth at the Port of Sheerness arrived ready to be loaded with a cargo of 30 000 t of milling wheat.

DryShips sells five of its panamax vessels for an aggregate gross price of US$29.4 million.

US coal company, Cloud Peak Energy, has contracted to export around 1 million short t of thermal coal to Asian markets.

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.