Scorpio Bulkers (NYSE:SALT) rallies 7.62% after posting a narrower-than-anticipated loss in Q2 amid a 19% decline in revenue, says an article published in the Seeking Alpha.
What adversely impacted the rates?
Adjusted EBITDA churned up was $70M during the quarter.Scorpio says...
d’Amico International Shipping (DIS), an international marine transportation company operating in the product tanker market and its joint venture partner Mitsubishi Group recently signed a memorandum of agreement for the sale of the 46,547 dwt tanker High Efficiency, says...
In a recent development, Cargotec`s MacGregor has announced that they have signed a contract with MSC Mediterranean Shipping Company and Guangzhou Wenchong Dockyard have to upgrade the cargo systems on 6 x 16,000 TEU containerships owned and operated by...
Protection Vessels International has released the 26th Weekly Maritime Security Report of 2019. The report summarized on 16th July 2019 highlights the various incidents that took place in the past week.
Congo: Unarmed robbers board vessel off Pointe-Noire
On 07 July,...
Epic Gas announced its acquisition of two of the four ships that it previously referenced in April 2019.
They are modern second-hand 11,000cbm Japanese-built pressurized LPG carriers Kingcraft and Kisber were built-in 2015.
The acquisition was financed with a...
Two months after shipment of butter from Bulandshahr, Uttar Pradesh, to Turkey, global integrator of container logistics Maersk completed its first successful shipment of mangoes from Nhava Sheva in Mumbai to Felixstowe, London on last Tuesday, says an article...
Global Xpress network to be extended, delivering the world’s first and only high-speed mobile broadband capacity for mobility segments in the Arctic region.
New Arctic Global Xpress payloads enable transformation of Fleet Xpress for the merchant shipping, offshore,...
Tufton Oceanic has reached an agreement to acquire a container ship for $28.6 million following a close-ended investment.
It has a time charter of approximately 5.5 years and plans to invest $4.7m to upgrade in accordance with this charter.
Following...
According to a Freight Waves article, Maersk’s fight to bring automation to its largest North American marine terminal is getting support from shippers and non-ocean carriers concerned about the impact on the environment and the precedent of government overreach...
Gas Carriers (SHANGHAI) ABS has signed a Memorandum of Understanding (MoU) with Mitsui O.S.K. Lines Ltd. (MOL) to collaborate on up to 14 new gas carriers, says a press release published on their website.
What is in the agreement?
The agreement covers...
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