Shipping
Lauritzen optimistic on strength of dry cargo market
(Posted on 28/08/18)“During the second quarter of 2018, we continued to build our activity in the dry cargo period market by replacing expensive time-chartered tonnage with attractively priced vessels improving our competitive position. We remain optimistic in terms of further dry cargo market improvements despite uncertainties related to tariffs...
Safe Bulkers ads to fleet from cash on hand
(Posted on 16/08/18)Safe Bulkers, Inc., an international provider of marine dry-bulk transportation services, has announced that it has acquired a 181,000 dwt, Japanese, 2009-built, dry-bulk, Capesize class vessel at an attractive price. The acquisition was financed from cash on hand.Following a dry docking the vessel is expected to be employed in...
CNCo new Vancouver office to spur dry bulk growth
(Posted on 16/08/18)The China Navigation Company (CNCo), has celebrated the official opening of its new branch office this month in Vancouver, British Columbia, Canada.The opening ceremony was attended by The Honourable, Bruce Ralston, Minister of Jobs, Trade & Technology, British Columbia, who unveiled a plaque in the CNCo office located at W...
CSL releases Corporate Sustainability Report
(Posted on 16/08/18)The CSL Group has released its 2017 Corporate Sustainability Report, detailing the company’s progress over the past year on a wide range of sustainability goals.The report features CSL’s sustainability performance for the 2017-18 fiscal year and covers results and ongoing initiatives in the areas of governance, safety...
Seanergy’s positive momentum
(Posted on 16/08/18)Seanergy Maritime Holdings Corp. has announced its financial results for the second quarter and six months ended June 30, 2018. For the quarter ended June 30, 2018, the Company generated net revenues of $16.8 million, an 8% decrease compared to the second quarter of 2017. For the six-month period ended June 30, 2018, net revenues...
DryShips returns to second-quarter profitability
(Posted on 02/08/18)Nasdaq-listed DryShips Inc. , a diversified owner and operator of ocean going cargo vessels, has announced its unaudited financial and operating results for the quarter ended June 30, 2018. The company, founded in 2004 by its current Chief Executive Officer, George Economou, has suspended its dividend, preferring instead to spend...
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