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Shipping

IRClass targets European market

(Posted on 10/06/19)

The Indian Register of Shipping (IRClass), a leading ship classification society, is seeking growth opportunities in the European market.Having already established a strong presence in Asia and Middle East with several new offices opened during the last two years in Saudi Arabia, Qatar, Abu Dhabi, Malaysia and Indonesia, IRClass...

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Star Bulk to buy 11 Kelso bulkers

Star Bulk to buy 11 Kelso bulkers

(Posted on 30/05/19)

Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes has announced that it has entered into an en-bloc definitive agreement with entities controlled by Delphin Shipping LLC, an entity affiliated with Kelso & Company, pursuant to which the Company will acquire eleven operating...

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Safe Bulkers in profit despite trade wars

Safe Bulkers in profit despite trade wars

(Posted on 30/05/19)

Safe Bulkers, Inc., an international provider of marine drybulk transportation services, has announced its unaudited financial results for the three months period ended 31 March, 2019.Dr. Loukas Barmparis, President of the Company, said: ‘‘We started 2019 profitably despite the material weakness of the charter market...

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Preliminary results show Diana buyback oversubscribed

(Posted on 30/05/19)

Diana Shipping Inc. has announced the preliminary results of its tender offer to purchase up to 3,125,000 shares of its common stock, par value of US$0.01 per share , at a price of US$3.40 per share, net to the seller in cash, less any applicable withholding taxes and without interest. The tender offer expired at 5:00 P.M., Eastern...

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ICS launches MLC guidelines

(Posted on 30/05/19)

Responding to changing regulations the International Chamber of Shipping (ICS) has launched the third edition of its essential Guidelines on the Application of the ILO Maritime Labour Convention, the only fully up to date guide to the Maritime Labour Convention (MLC) for all involved with the employment of seafarers.Focused on today...

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West of England P&I financially robust

(Posted on 30/05/19)

West of England P&I Club has announced its results for the year ending 20 February 2019. The Club’s capital has strengthened and remains considerably in excess of the ‘AAA’ capital strength requirement under Standard and Poor’s model. This has been re-affirmed in its financial strength rating of A-, reflecting...

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