Sustainability in the heavy lifting industry

Cost efficiency and sustainability, two topics that are frequently discussed in the offshore and maritime industry. There are many developments and innovations going on in this area.

BDI Drops below 1,000 Mark

The Baltic Dry Index (BDI) fell to 994 points on Monday, May 15, down by 20 points, tumbling again below the 1,000 ...

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Two More Bulkers Join GOGL’s Fleet

Nasdaq-listed shipowner Golden Ocean Group Limited (GOGL) has taken delivery of two additional second-hand bulkers ...

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Eagle Bulk Upbeat on Market Recovery as It Slashes Loss

Marshall Islands owner of dry bulkers Eagle Bulk has managed to cut its loss in the first quarter of 2017 having ...

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First of Four Newcastlemaxes Joins DryShips' Fleet

Greek shipowner DryShips Inc has taken delivery of its first previously announced 205,855 DWT Newcastlemax drybulk ...

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DryShips Buys Kamsarmax Bulker

Nasdaq-listed ship owner DryShips said it has inked a deal to acquire one 82,129 DWT Kamsarmax drybulk carrier ...

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DryShips Eyes New Loans to Grow Fleet

Nasdaq-listed shipowner DryShips Inc. has fully repaid its remaining commercial loan facility worth USD 15.2 ...

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Diana’s Board Clears Purchase of Three Vessels

Board of directors of the Greek owner of dry bulk vessels Diana Shipping has approved the acquisition of three ...

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BIMCO: Dry Bulk Recovery A False Dawn

Despite the strong rebound of freight rates in March this year that saw the Baltic Dry Index (BDI) pass 1,282 point ...

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Algoma, Nova Partner Up on Short-Sea Dry-Bulk Shipping

Canadian Algoma Central Corporation and Switzerland-based Nova Marine Carriers have set up a new joint venture that ...

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BDI Breaks 1,000 Point Mark amid Rate Growth

The Baltic Dry Index (BDI) has surged on Tuesday, March 7 to a new twelve-week high of 1,033 points, up by 54 ...

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Navios Holdings Widens Quarterly Net Loss

Greek dry bulk shipping company Navios Maritime Holdings Inc. has seen its net loss for the third quarter of 2016 ...

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Gearbulk, Grieg Star to Form Dry Bulk Shipping JV

Switzerland-based shipping company Gearbulk and Norwegian Grieg Star have unveiled plans to enter into a joint ...

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BIMCO: Dry Bulk Crisis Could Lead to Major Changes

The current crisis in the dry bulk shipping sector could have a wider impact with effects on other major sectors of ...

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Dry Bulk Freight Rates Still Low Despite Demand Growth

The first half of 2016 has revealed that the dry bulk market is nowhere near balanced as there was a strong demand ...

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COSCO Corp Under Pressure amid Sluggish Markets

Sluggish marine engineering and shipping markets continued to put pressure on the performance of COSCO Corporation ...

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COSCO Corp Sinks into Red as Shipping Losses Pile On

Singapore-listed ship repair, marine engineering and dry bulk shipping company COSCO Corporation (Singapore) ...

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Bulkers Can't Catch a Break

The bulk shipping sector cannot catch a break especially since 2016 is expected to be another challenging year for ...

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Baltic Dry Index Down in the Dumps

The Baltic Dry Index has fell below 300 points, plunging to a new low of 298 points on Thursday, February 4. The ...

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Drewry: Half of Over 12-Year-Old Capesizes Need to Go

If dry bulk ship-owners collectively removed half of all capesize ships over 12 years old, equating to around 20 ...

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BIMCO: 40m of Dry Bulk Tonnage to Be Scrapped in 2016

Dry bulk shipping capacity of 40 million DWT will be sold for demolition during 2016, making this year the busiest ...

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BDI Continues to Tumble

The Baltic Dry Index has hit a new low having plunged for another 14 points on Monday, January 11 tumbling down to ...

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