Shipping

Wärtsilä is teaming up with an international group of shipping industry companies and organisations in a project to develop LNG-powered dry bulk carrier vessels.

Grand Port Maritime de Dunkerque has worked to increase the dimensions of Capesize ships able to enter the Eastern Port.

DryShips Inc. enters into an agreement to increase its secured revolving facility (Revolver) provided by an entity controlled by the company's Chairman and CEO.

Diana Shipping Inc., through a separate wholly-owned subsidiary, enters charter contracts for m/v Erato and m/v Atalandi with Glencore Grain B.V., Rotterdam.

DryShips Inc. has sold three of its vessels, which has reduced its total bank debt by US$102.1 million. Additionally, DryShips has agreed to sell its shares in Ocean Rig UDW Inc.

ESL Shipping places an order for hatch covers, cranes, deck machinery and steering gear from MacGregor, part of Cargotec, for its two new 25 600 DWT dual-fuelled handysize bulk carriers.

Diana Shipping Inc. has announced the delivery of the panamax dry bulk vessel m/v Selina, as well as time charter contract for m/v Norfolk with SwissMarine.

On 19 March 2016, Ferus Smit’s Nb. 435 LNG-powered cement tanker, ‘Ireland’, was christened and launched.

BW has elected Christian Bonfils to lead the newly established BW Dry Cargo.

Downturn in dry bulk freight rates leads to Pioneer Marine Inc. cancelling another five of its newbuilding contracts at Guoyu Shipyard.

Diana Shipping Inc. announces developments related to the purchase of three panamax vessels.

Vale and CMES, a subsidiary of China Merchants Group, sign a Contract of Affreightment for cooperation in the transportation of iron ore.

NEPEAN completes the acquisition of a leading supplier of engineered bulk materials handling solutions: Ellton Conveyors.

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.