Diana Shipping Announces Final Results of Tender Offer
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, has announced the final results of its tender offer in their press release.
Taxes withheld
The tender is to purchase up...
Bezos To Step Down As Amazon CEO
Amazon CEO Jeff Bezos will leave his post later this year, turning the helm over to the company’s top cloud executive Andy Jassy.
Jassy joined Amazon in 1997 and has led Amazon’s Web...
World’s First LNG-powered Bulker Competes Eco-friendly Operation
POSCO, in their press release, announce the first completion an “eco-friendly” operation by their LNG-powered bulk carrier for overseas raw material transport.
Eco-friendly vessel
On January 20, HL Green, an eco-friendly vessel that departed Mokpo, South...
Fuel Premiums Run Astray Despite Approaching Holidays
The delivered premium of the very low-sulphur fuel oil (VLSFO) bunker grade to its cargo price assessments in Singapore is largely rangebound, writes Sammy Six for Argus Media.The premium remains flat despite the fast-approaching...
Severe Snow Storm Causes Closure of NY/NJ Ports
Container terminals at the Port of New York and New Jersey remained closed on February 2 amid a severe winter storm that brought heavy snow and 40-45 mph winds, reports Platts.
Ports closed
New Jersey's Port...
[Watch] High-speed Bullet Train for Extremely Cold Temperatures
A new type of Fuxing high-speed bullet train that can operate under temperatures as low as -40 C made its debut in Beijing on January 7, 2021, says an article published in China Daily.
Train...
Anglo American and Pacbulk Into Charter Agreements
Greek capesize owner Seanergy Maritime Holdings has announced that it has entered into a new time charter contract with miner Anglo American, as well as entering into a new charter and extending an existing...
DSME Built Giant Oil Tanker Launched
The Oman Shipping Company launched the giant oil tanker (Dhalkot), which was built at the DSME shipyard in South Korea and is the last ship out of 3 other tankers that were recently launched...
Trans-Pacific Trade Hits Blank Sailings Due to Port Congestion
Container volumes in the Asia-U.S. trans-Pacific trade have hit their limit which made massive port congestion in the ports of Los Angeles and Long Beach is forcing ocean carriers to take extreme measures and,...
BIMCO To Publish Charter Party Clause Protecting Vessel’s AIS
BIMCO is working on a charter party clause that will help the shipping industry deal with potential abuse by sanctions busters of the Automatic Identification System (AIS) which is mandatory for all ships to...