Diana Shipping Inc., a global shipping company specializing in the ownership and operation of dry bulk vessels, today announced that it has entered into a time charter contract with STX Panocean Co., Ltd., Seoul, through a separate wholly-owned subsidiary, for one of its Panamax dry bulk carriers, t
EUROGATE will once again be represented at this year’s “Intermodal South America” logistics trade fair. The show opens its doors from 10 to 12 April 2012 in Sao Paulo, Brazil. At the “German Ports” joint stand, EUROGATE will present Germany’s only deep-water container terminal in Wilhelmshaven in ad
NewLead Holdings Ltd. announced yesterday that the Company has recently completed the redelivery of four dry bulk vessels, the “Australia”, the “Brazil”, the “China” and the “Grand Rodosi”, to their owners, which are affiliates of Lemissoler Maritime Company W.L.L. As previously announced, NewLead h
North Star Shipping has scooped a prestigious international award from one of the world’s leading health and safety training, advisory and audit bodies. Following rigorous assessment by an independent adjudication panel the British Safety Council has bestowed its esteemed International Safety Award
The cabinet decision taken in Lower Saxony on Tuesday, 3 April 2012, means that the required assent from the three states of Hamburg, Schleswig-Holstein and Lower Saxony for the adjustment of the navigation channel on the Lower and Outer Elbe has now been received. Frank Horch, Hamburg’s Minister of
Capital Product Partners L.P. yesterday announced the sale of the M/T ‘Aristofanis’ (12,000 dwt, built 2005 Baima Shipyard, PRC). The vessel was sold to an unrelated third party and proceeds from the sale were used to repay bank debt. Following the completion of this sale, all of the Partnership’s v
At a premier award ceremony that was held at the Athens Hilton Hotel on April 2nd, 2012, MINOAN LINES, a proud member of the Grimaldi Group, was accorded the prestigious recognition of excellence “Corporate Superbrand” award. MINOAN LINES has been proclaimed as the ferry/shipping company with the be
TORM announce that it has reached a conditional agreement with the Coordination Committee of its bank groups regarding a deferral of installments and covenant standstill on its ship financing until 30 April 2012. The unconditional standstill is expected to be renewed within days. In addition, TORM h
The cargo ship ‘Carrier’, which ran aground at 8.15 last night (Tuesday) at Raynes Jetty in Llanddulas remains hard aground in the same location with damage to its starboard side. A quantity of marine gas oil has leaked from the vessel. The ‘Carrier’ has been holed in three places on the starboard s
The challenges of preparing to meet the next generation of shipping regulations were very much on the minds of the participants at Germanischer Lloyd’s (GL) latest exchange forum in Szczecin, Poland. Reducing the impact of global shipping on the environment and making improvements in efficiency are
The former Fastnet Line ferry Julia has sailed into the new life as a floating dormitory for offshore wind farm workers. The 30-year-old ship, with capacity for 1,860 passengers will sail to the Netherlands for major refit, where C-BED, the company that acquired the vessel, will rename her Wind Perf
The first WPTS World Ports Award has been presented by H.E. Sultan Bin Saeed Al Mansouri Ministry of Economy, UAE to the CEO of the Port of Antwerp during a prestigious gala dinner to celebrate the 2nd World Ports and Trade Summit, held in association with ADPC (Abu Dhabi Ports Company). The award w
OW Bunker, one of the world’s leading suppliers and traders of marine fuel, today announced that it has entered into agreements with the Rubis Tank Terminal in Rotterdam and the Vesta Tank Terminal in Antwerp, to allow for increased access and guaranteed supply at key bunkering ports. The investment
The EBRD is extending a US$ 10 million loan to a Sevastopol-based shipping company Yugreftransflot. The Bank’s funding is contributing towards the total cost of the acquisition of two multi-purpose dry cargo vessels with deadweight of 5,190 tonnes each. Yugreftransflot, which has been a client of th
