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Norwegian companies OSM Thome and Pherousa Green Shipping AS (referred to as "PGS") have entered into a Letter of Intent outlining their collaboration on a series of 63000 dead weight (dwt) Ultramax vessels to be ordered by PGS.The collaboration involves Phases I, II, and III, encompassing Drawing Approval, Project Development,...
Tomini Shipping, a world class dry bulk ship owner, has reached yet another milestone in their expansion journey with the acquisition of Tomini K12.This Chinese-built capesize bulk cargo ship of 208,286 DWT will be the largest carrier in their existing fleet.The maritime industry is deeply engrained in Tomini Shipping’s cultural...
Voyager, the operations and demurrage management platform for bulk commodity shipping, is urging shipping companies to take a proactive stance and adopt a number of Best Practices in order to reduce the costs and risks of demurrage.A dramatic surge in port congestion and associated supply chain disruptions have led to longer waiting...
Algoma Central Corporation has reported its results for the three and six months ended June 30, 2023."This year we have focused on driving long-term value for our stakeholders by optimizing our diversified growth, while maintaining our operating vigilance in changing markets," said Gregg Ruhl, President and CEO of Algoma. "Historically...
Cargo liquefaction still remains the greatest contributor to loss of life associated with bulk carrier losses while grounding remains the main cause of ship losses, according to the recently published Bulk Carrier Casualty Report 2013-2022 from INTERCARGO.The document was submitted to the International Maritime Organization in May...
Hellenic Marine Equipment Manufacturers and Exporters – a leading suppliers and exporters association for the international shipping sector, has reached an agreement with the world’s leading classification society, DNV, for the assessment of energy-saving devices (ESDs) produced by HEMEXPO member companies.Under the...