Shipping
Eagle Bulk Shipping in profit for Q1
(Posted on 14/05/18)Eagle Bulk Shipping Inc, one of the world’s largest owner-operators in the Supramax / Ultramax segment, has reported financial results for the three months ended 31st March.An adjusted EBITDA of $18.8 million, representing an increase of 314% compared to the first quarter of 2017 has dramatically reversed the loss...
Diana Shipping reduces losses
(Posted on 14/05/18)Diana Shipping Inc. has reported a net loss of $3.1 million and net loss attributed to common stockholders of $4.5 million for the first quarter of 2018, compared to a net loss of $26.5 million and net loss attributed to common stockholders of $27.9 million reported in the first quarter of 2017. Time charter revenues were $48.4...
ESL Shipping invests in safety at work
(Posted on 14/05/18)ESL Shipping, Bore and Finnlines have jointly invest in the development of occupational safety training. The development program is supported by the insurance company Alandia, who support projects aiming to improve occupational safety.The target is to create an occupational health and safety training package consisting a familiarisation...
TMS conference programme announced
(Posted on 14/05/18)The fourth annual The Maritime Standard Ship Finance and Trade Conference will take place in Abu Dhabi at the Sheraton Hotel & Resort, on Tuesday, November 6th.The theme of this year’s conference is “Converting greater optimism into sustainable trade growth.”The event starts with a keynote session, followed...
SMT and CSL team up in cement shipping JV
(Posted on 09/05/18)SMT Shipping (“SMT”) and The CSL Group (“CSL”) have announced they have entered into an agreement for CSL to acquire 50% of Eureka Shipping Ltd. (“Eureka”), SMT’s pneumatic cement vessel business.The new joint venture will allow Eureka and CSL to combine expertise, resources and innovative...
Bulker Owners in Deep Water Warns The Swedish Club
(Posted on 09/05/18)Bulk carrier owners are warned to pay extra attention to the basics in a new report issued by The Swedish Club. The Club has found that for bulk carrier operators, wet damage is the most costly claim type and the second most common claim that they experience. The report, Wet Damage on Bulk Carriers, which has been prepared...
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