Eagle Bulk Shipping Inc. announced on May 15th its results for the first quarter ended March 31, 2013. For the first quarter of 2013, the Company reported net income of $1.4 million compared with net loss of $17.4 million, for the comparable quarter of 2012. In the comparable first quarter of 2012, the Company reported [...]
The Task Force Tubbataha on Wednesday announced that the salvaging team of the ill-fated USS Guardian will start to work on a 24/7 basis once the weather improves to make-up for the lost time in the previous days due to rough sea conditions. The Philippine Coast Guard (PCG) Palawan district commander and task force chief [...]
![UK: Current Market Conditions Detrimental to Tanker Industry Sustainability]()
Tanker owners continue to be deeply concerned that the current tanker market is seriously jeopardising the sustainability of the tanker industry. Speaking recently to INTERTANKO’s Council in London, the Secretary General of the International Maritime Organization (IMO), Koji Sekimizu, pointed out just how much the tanker industry contributes to the world economy. “Without the tanker [...]
STX OSV Holdings Limited, a major global designer and shipbuilder of offshore and specialized vessels headquartered in Norway, announced its results for the third quarter (“3Q 2012”) and nine months ended 30 September 2012 (“9M 2012”). Financial and Operating Review STX OSV generated revenue of NOK 2,457 million for 3Q 2012, representing a 27% decrease [...]
November 15, 2012 | Posted in
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Since Monday evening the team of firefighting experts is unable to go onboard MSC FLAMINIA due to bad weather conditions. In the coming days a further deterioration of the weather is predicted. Therefore, MSC FLAMINIA and the group of tugboats have pulled out of the 200 mile zone and maintain a position approximately 200 miles [...]
As a consequence of the looming economic slowdown and new schedules of shipping companies, the Executive Board of HHLA last night adjusted its forecast for the current financial year. Upon the reassessment, it is now expecting a container throughput for 2012 in the region of the previous year (2011: approx. 7 million TEU). The former [...]
July 25, 2012 | Posted in
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Once again, the fine relationship between Denmark and China in the maritime field was confirmed. “China and Denmark share many interests as major shipping nations, and today Chinese and Danish shipowners are among the world’s largest carriers of goods by sea. Our meetings with the Chinese maritime authorities are inspiring and fruitful and give us [...]
Maritime New Zealand reports that no salvage activity was undertaken over the weekend due to the weather conditions and the Smit Borneo being secured alongside at the port of Tauranga for maintenance. Salvage The Go Canopus remained close to the Rena and is monitoring the wreck. Wreck and sea/swell conditions were monitored by the Go Canopus [...]
![Denmark Ratifies UN Convention Ensuring Seafarers Proper Working Conditions Globally]()
Today, Denmark has ratified a new UN Convention ensuring seafarers globally proper working conditions. The Convention is the so-called Maritime Labour Convention (MLC), and it is an important step forward for global quality shipping. Shipping companies in the countries that have acceded to the MLC will, in the future, be obliged to ensure the [...]
![Construction of two Russian shipyards to begin in 2010]()
Construction of two modern shipyards will begin in Primorski Krai in the first six months of the next year, according to the Director of the Department of Industry and Transport of the Primoryre region, Igor Khruschev. Mr Khruschev added that master plans of the project are being developed and that the first on-site preparatory work [...]
November 10, 2009 | Posted in
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