US-based owner and operator of dry bulk vessels Eagle Bulk Shipping announced that it has taken delivery of the first of six modern Ultramax drybulk vessels the Company has previously agreed to acquire.The ship, which has been renamed the M/V Dublin Eagle, is a 2015-built, high specification scrubber-fitted SDARI-64 Ultramax vessel built at Jiangsu New Hantong Ship Heavy Industry Co.
Eagle Bulk Shipping announced a $100 million convertible note offering in a private placement to qualified institutional buyers.Eagle Bulk intends to use the net proceeds from the offering to fund a portion of the aggregate purchase price of up to six modern high-specification Ultramax vessels and for general corporate purposes, including working capital.
Shipping associations have called on ship owners to inform Britain's navy of their movements before sailing into the Middle East Gulf and Strait of Hormuz because of the escalating international crisis in the region.About a fifth of the world's oil passes through the Strait of Hormuz and shipping companies are already deploying more unarmed security guards as an extra safeguard.
The hard-fought passage of VIDA promises a simpler, more unified and logical set of environmental standards related to the discharge of myriad vessel streams. Industry wanted it, and now it is here. Will it deliver, and if so, when? That depends on who you talk to.As most commercial maritime operators know, US ballast water regulations made a sharp turn last December.
NewbuildingSince the beginning of the year, 100 newbuild orders have been placed across the tanker sector. This is a considerable amount lower than the same period last year, when 140 vessels were placed. It is no surprise to see the Greeks lead the way with the highest number and largest vessels ordered, but hot on their heels are the likes of Eastern Pacific and Ocean Tankers
China's iron ore futures extended gains on Friday after touching a record high in the previous session, as concerns persisted over tight supply amid declining shipment from Rio Tinto and expectations of strong demand.Mining giant Rio Tinto on Wednesday lowered its guidance on volumes of iron ore it expects to ship from the key Pilbara producing region in Australia for the third time since April.
On Thursday, May 9, 2019, Total Lubmarine brought its "Total Global Sulfur Cap Forum" to New York City, a meeting including of Total Lubmarine business and technical executives and shipowners.The event, held aboard the historic Aircraft Carrier Intrepid Museum, gathered a full-house of local shipowners
Health officials for the Caribbean island of St. Lucia furnished 100 free doses of measles vaccine to a Church of Scientology cruise ship placed under quarantine in port after the highly contagious disease was diagnosed on board, the island's chief medical officer said on Thursday.St.
The Brasil Basin Drydock Company (BBDC), a joint venture of McQuilling Services and Promon Engenharia, is setting up an industrial facility that will drydock and repair seagoing merchant vessels up to the largest merchant ships in the world.McQuilling announced the signing of a Protocol of Intention with the government of the state of Paraíba, Brazil, along with Chinese ship repair yard IMC YY.
Norway-based bulk ship operator and management company Belships has signed an agreement to acquire a 58,700 dwt bulk carrier from Wenaas Shipping AS.The vessel was built at Tsuneishi Heavy Industries (Cebu), Inc. in the Philippines in 2008, informed a press note from the dry bulk owner.The agreed purchase price is USD 13.0 million, of which half will be paid in cash.
The brand new Canadian Coast Guard vessel Sir John Franklin crashed into Victoria’s breakwater on March 22, crumpling a side of its back-end.The Seaspan-Shipyards-built Sir John Franklin was in sea trials when it crashed into Ogden Point breakwater.The 64-meter vessel, was heading into port when it banged into the wall, damaging it as well as the breakwater.
With the United States & China dominating world news with the brewing trade war, it is worthy to note that when you examine the cumulative number and value of U.S. ships on order today worldwide (73 ships, $3.4 billion) Chinese shipyards dominate with a 50% share of the market (36 ships, $1.7 billion).