Shipping
Pacific Basin closes new US$40m loan
(Posted on 03/12/18)Pacific Basin Shipping Limited, one of the world’s leading dry bulk shipping companies, has closed a US$40 million 7-year term loan facility with Danish Ship Finance A/S.The facility is an extension of the Company’s existing term loan with Danish Ship Finance A/S and is secured by the same 19 vessels currently secured...
Agreement on minimum wage for seafarers
(Posted on 27/11/18)The social partners, namely the International Transport Workers Federation (ITF) and the International Chamber of Shipping (ICS), have convened in Geneva at the Joint Maritime Commission Subcommittee on Seafarers Wages to review the ILO Minimum Wage for an Able Seafarer (AB) provided for in Code B of the Maritime Labour Convention...
Higher earnings for Diana Shipping
(Posted on 27/11/18)Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, has reported net income of $14.8 million and net income attributed to common stockholders of $13.3 million for the third quarter of 2018, compared to a net loss of $24.5 million and a net loss attributed to common stockholders of $25...
Eagle Bulk expands scrubber initiative
(Posted on 27/11/18)Eagle Bulk Shipping Inc. has announced that is has exercised its options to purchase 15 additional exhaust gas cleaning systems (“scrubbers”) which are to be retrofitted on vessels within its fleet. This follows the Company’s prior announcement that it had entered into a series of agreements for the purchase...
Damen’s Caribbean milestone
(Posted on 15/11/18)Damen Shiprepair Curaçao (DSCu), floating dock has become operational with the docking of a bulk carrier.DSCu has commissioned its large floating C dock. After the final tests had been carried out in the morning, the C Dock was submerged onto the equalized seabed. DSCu Nautical department, with the help of local KTK pilots...
EuroDry acquires panamax bulk carrier
(Posted on 15/11/18)EuroDry Ltd., an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, has announced that it signed a memorandum of agreement to purchase the M/V Star of Nippon (to be renamed M/V Starlight), a panamax size drybulk carrier of 75,845 dwt built in 2004 in Japan.The vessel is expected to...
