Shipping
Algoma reports second quarter financial results
(Posted on 05/08/24)Algoma Central Corporation has reported its results for the three and six months ended June 30, 2024. Algoma reported second quarter revenues of $180,968, an 11% decrease compared to the same period in 2023. Net earnings for the 2024 second quarter were $17,464 compared to net earnings of $33,144 for the same period in 2023. Algoma...
Seanergy adopts Orca AI's digital watchkeeper
(Posted on 29/07/24)Seanergy Maritime, a prominent pure-play Capesize shipowner that is publicly listed in the US and provides marine dry bulk transportation services, has chosen to integrate Orca AI's cutting-edge automated computer-vision situational awareness platform into its operations. The project demonstrates Seanergy's commitment to advancing...
IRS announces leadership appointments
(Posted on 29/07/24)Indian Register of Shipping (IRS) has announced leadership appointments to further strengthen its management team. At a recent meeting, the Board of Directors approved the appointment of Mr. P.K. Mishra as Managing Director and Mr. T.K. Sahu as Joint Managing Director, effective 1 August, 2024.Mr. P.K. Mishra has been with the organisation...
Former INTERCARGO Chairman, Dr Spyros M Polemis, passes away
(Posted on 24/07/24)INTERCARGO, the association of dry bulk shipping companies, has released the following statement:“It is with great sadness that we learned of the passing of our former Chairman Dr Spyros M Polemis, on 21 June.Dr Polemis was born in Andros in 1937, studied in the USA, and until recently was a very influential representative...
Joint study of ammonia fuelled bulk carriers
(Posted on 22/07/24)ITOCHU Corporation, ClassNK, Nihon Shipyard Co., Ltd., and Maritime and Port Authority of Singapore (MPA) have signed a Memorandum of Understanding (MoU) regarding a joint study for the design and safety specifications of ammonia-fuelled ships which are under development by ITOCHU and partners.Ammonia is advancing as a viable marine...
WISTA UK celebrates 50 years of championing diversity and inclusion
(Posted on 22/07/24)The Women's International Shipping & Trading Association UK (WISTA UK) marked its 50th anniversary with a celebratory event highlighting five decades of progress and ongoing efforts to promote diversity and inclusion within the maritime industry. The event, which included an insightful conference and a grand evening reception...
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