Shipping

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.

The services include mounting, chocking and onsite machining services, alignment services and vibration measurements, as well as geometric and strain gauge alignment measurements.

The new agreement, signed this autumn, covers the global protective segment.

The company is one of the founding members of the Maritime Anti-Corruption Network – which is a global business network working towards the vision of a maritime industry free of corruption that enables fair trade to the benefit of society at large.