Shipping

FESCO transported 157 000 t of cargo to the Northern Territories of Russia under the northern delivery in 2018.

Diana Shipping Inc. has announced the final results of a tender offer to purchase up to 4 166 666 shares of its common stock.

The economic value corresponds to an EBITDA of US$5.3 million.

According to a recent report by BIMCO, panamax demolitions have been down 71.6% in 2018 compared to 2017.

The UKMPG welcomes the National Infrastructure Commission’s latest interim freight report.

The time charter contract with SwissMarine Services S.A. is for one of its capesize dry bulk vessels, the m/v Seattle.

Fortescue Metals Group delivered the new product on schedule.

Globus Maritime completes the refinancing of two ships through a long-term credit facility with Macquarie through its global ship financing business.

Mitsui O.S.K. Lines has participated in a demonstration test of ship class survey using drones.

The company has purchased 25 000 of its common shares in open market transactions at an average price of US$9.11

Genco Shipping has appointed a new Chief Operations officer, whose role will become effective in January 2019.

The company’s Board of Directors has also set a new deadline for the receipt of shareholder proposals.

The agreement concerns one of Scorpio’s Ultramax dry bulk carriers.

The 64 000 DWT newbuild vessel is the first geared dry bulk carrier to be equipped with Flettner rotors.

Maersk aims to have carbon neutral vessels commercially viable by 2030 and calls for strong industry involvement.