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Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels has entered into a time charter, said a press release. Time charter agreement The company announced that, through a separate wholly-owned subsidiary, it has entered into...
Hyundai Merchant Marine Co. is joining THE Alliance, gaining access to significant new business. HMM’s move to join the group came after the rival 2M Alliance refused to make HMM a full member when its associate status ends...
A recent video uploaded on Maersk  YouTube channel explaining the current complicated, unreliable nature of container shipping and how its recently unveiled Maersk Spot online booking service aims to make booking a box simple, reports Splash 247.On June 25...
One Sea and ESA agree to set out common objectives to encourage the development of space-based applications using latest generation connectivity. Key stakeholders from the maritime and ICT industries are gathered to accelerate the delivery of digitalized solutions...
The United States is increasingly worried about Europe welcoming Chinese investments for increasing its port infrastructure. China’s Cosco Shipping Ports and Qingdao Port International Development have a 49.9 percent stake in two terminals in Genoa. Europe’s progressive integration...
The Baltic Briefing has issued the tanker report for the 27th week of this year. The report dated 5th July 2019 provides a valuable insight into this week's tanker market dealings, freight rates, and charter activities. VLCCRates in the Middle East...
Today we are going to look at Ship Finance International Limited (NYSE:SFL) to see whether it might be an attractive investment prospect. To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view...
Nasdaq-listed Grindrod Shipping has sealed a sale and leaseback transaction with a Japanese ship owner.  The transaction is for 2010-built 33,100 dwt handysize dry bulk carrier IVS Knot.  Vessel was sold for $13m having a bareboat charter for...
MSS has signed a three-year contract extension with Inmarsat for its new dedicated bandwidth service Fleet Xpress.  Advocates digital solutions to optimize vessel operations and adopted a new energy advisory system to reduce fuel consumption by 5% by...
The Baltic Exchange’s main sea freight index took a break on Monday after rising for 16 straight sessions, as rates for capesize vessels fell after a strong run over the past couple of weeks, reports Reuters.The Baltic index,...
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