Bahri Dry Bulk and Koninklijke Bunge B.V. inaugurate the offices of their next joint venture BahriBunge Dry Bulk Ltd in Dubai.
Chia Yoo Soon, General Manager of Chevron Marine Lubricants, said: "We are delighted with the results of the testing and to receive this No Objection Letter from Winterthur Gas & Diesel.”
Diana Shipping Inc., through a separate wholly-owned subsidiary, enters a time charter contract for m/v Crystalia with Glencore.
Subsidiary Bahri Dry Bulk Company has awarded a US$120 million contract to Hyundai Heavy Industries for the construction of four bulk carriers.
World first deployment of patented rigid sail and solar power system on ships, such as bulk carriers, to commence during 2018.
According to a recent report from BIMCO, US coal export rebounds to support the improvement of the dry bulk shipping industry.
MSI reports some major market indicators are better but yards remain underemployed and newbuilding and second-hand prices have not yet hit bottom.
Golden Ocean takes delivery of dry bulk vessel, Q Keen, completing its March agreement to acquire 16 vessels.
Rolls-Royce, NTNU, SINTEF Ocean and DNV GL have signed a MoU for the creation of an open source digital platform.