NAT concluded another contract almost identical with the one of July 19, 2021.
The contract rate is around $17,000.
The rate levels concluded in the last two contracts are significantly higher than market reports for the spot market...
Navios Maritime Partners L.P and Navios Maritime Acquisition Corp. announced a definitive transaction agreement providing for a combination of Navios Partners and Navios Acquisition.
The transaction is carried out in a way where shareholders of Navios Acquisition will...
Castor Maritime Inc. announces that it entered, through a separate wholly-owned subsidiary, into an agreement to acquire a 2008 Japanese-built Panamax dry bulk carrier.
The acquisition agreement is carried from an unaffiliated third-party for a purchase price of...
Summary
Washington State Department of Ecology, the Port of Seattle, and Cruise Lines International Association Northwest & Canada, announced that there would be no changes to the voluntary agreement on cruise ship scrubber wastewater dumping.
Port of Seattle and...
Brazil's largest integrated port and maritime logistics operator Wilson Sons said it is building four tugs that will reduce nitrogen oxides (NOx) emissions by more than 75%.
The IMO Tier III vessels were developed by Damen Shipyards Group...
Diana Shipping Inc. (NYSE: DSX), (the “Company”), through a separate wholly-owned subsidiary, has entered into a time charter contract with ASL Bulk Shipping HK Limited, for one of its Panamax dry bulk vessels, the m/v Selina, says a press...
Houston-based Vaalco Energy has signed a binding letter of intent (LOI) with World Carrier Offshore Services Corp.
The LOI is to provide and operate a floating storage and offloading (FSO) unit at its Etame Marin field offshore Gabon.
Africa-focused...
Sovcomflot exit from the dry bulk segment with the sale of its last two panamax bulkers, says a press release published on their website.
Disposal of vessels
The move is part of Sovcomflot’s ongoing fleet modernisation and optimisation programme, which has...
Average TCE earnings increased by 20% from first to second quarter being 1.6-2.9 times higher than standard tanker vessel earnings.
66% increase in adjusted EBITDA Q-o-Q ending the quarter at USD 15.3 million and EBT of USD 3.5...
South Korea’s shipbuilding majors have shed some 1,500 jobs on their payrolls during the first half despite their record-breaking order book this year, reports PulseNews.
Higher commodity prices
South Korea’s shipbuilding majors have shed some 1,500 jobs on their payrolls...
