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 [...]
Irish Maritime Development Office (IMDO) released on May 9 a Shipping Markets Review for the week 18, 2013, providing an in depth analysis of international shipping markets and a global economic overview for the week. With respect to container market, withdrawals and void sailings on the Asia – Europe trade lane are not enough to [...]
May 10, 2013 | Posted in
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Global heavy lift and transportation providers BigLift Shipping and RollDock Shipping announced on May 6 the formation of a joint company, BigRoll, which will operate two newbuild MC-Class Module Carriers for the transportation of ultra large and heavy modular cargoes by sea. The Module Carriers will be available as of the end of 2014 / [...]
Odfjell, a Norwegian company engaged in transportation and storage of bulk liquid chemicals, acids, edible oils and other special products, reported an EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of USD 27 million in its report for the first quarter of 2013. Based on the report, EBITDA reflects a slightly better chemical tanker market [...]
The Board of Directors of the Great Eastern Shipping Company Ltd. (G E Shipping) today approved the Audited Results for the financial year ended 31 st March 2013. With respect to sale and purchase activities during the fourth quarter of the 2012-13 fiscal year the Company sold and delivered its 1995 built Panama x dry [...]
May 6, 2013 | Posted in
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In view of the ongoing disastrous situation in the shipping business and also due to missing impulses for action from the recent 8th Maritime Conference in Kiel, a small group of ship-owners from Leer, Germany, appeals for a concerted action to reduce capacity in the market. A jointly executed strategy to shorten shipping capacity should [...]
Wilhelmsen Ships Service (WSS) is increasing its offer to clients in the offshore vessel and energy production sectors in 2013, with a strong focus on opportunities in Singapore and South East Asia. WSS has been supplying the Offshore Supply Vessel (OSV) market for more than 30 years, but going forward will increase its focus on [...]
April 9, 2013 | Posted in
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The Multipurpose sector faces a difficult couple of years, but its long-term prospects are good, according to Drewry Maritime Research’s latest Annual Multipurpose Shipping Market Review and Forecast report. Most owners of Multipurpose ships (MPVs) were fairly upbeat at the start of 2012 and, in spite of weak freight rates, continued to be so well [...]
April 8, 2013 | Posted in
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Gazpromneft Marine Bunker, operator of Gazprom Neft’s bunker business, has acquired its first international asset, Marine Bunker Balkan S.A. (Romania), which operates in the Black Sea port of Constanta, from Unicom Holding. Marine Bunker Balkan S.A. manages two bunker vessels, one storage vessel with a capacity of 4,000 tonnes and two mooring barges, as well [...]
Drewry’s latest Chemical Forecaster report highlights a significant change in the orderbook. Persistent fleet expansion far in excess of trade growth has persistently eroded utilisation rates, checked only by scrapping. The only good news is that current market conditions are making it harder to get credit for newbuild orders, which has led to a shrinking [...]
February 21, 2013 | Posted in
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