CSL’s second of three Trillium Class self-unloading Panamax vessels, the CSL Tecumseh, set sail on May 7 on her maiden voyage from Chengxi Shipyard in Jiangyin, China to Port McNeill, British Columbia. The vessel will be commanded by Captain Sergii Luchakov and Chief Engineer Igor Pleshko, and is expected to take approximately 17 days to [...]
Wilh Wilhelmsen ASA and Hyundai Heavy Industries (HHI) have today signed an agreement to build two Post Panamax vessels. When delivered in 2014 and 2015, the vessels will commence service for Wallenius Wilhelmsen Logistics. “Although the car carrying market at the moment might be somewhat weaker than we would like, we believe that the long [...]
The Maltese registered Company Bulk Malta Ltd has taken delivery of its newly built Panamax vessel, the 76,500 metric tonnes bulk carrier M/V HAMPTON BRIDGE (S5110). The naming ceremony took place at the South Korean Shipyard of SPP Shipbuilding Co Ltd. The construction completion of M/V HAMPTON BRIDGE took less than a year at a [...]
The Great Eastern Shipping Co Ltd. (G E Shipping) has signed a contract to sell “Jag Arnav”, a Panamax dry bulk carrier. The 1995 built vessel of about 71,000 dwt will be delivered to the buyers in the first half of 2013. The Company’s current fleet stands at 33 vessels, comprising 23 tankers (9 [...]
Diana Containerships Inc., a global shipping company specializing in owning and operating containerships, announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement with Hanjin Shipping Co., Ltd., Seoul, for the purchase of a 1993-built Panamax container vessel of approximately 4,024 TEU capacity, the m/v “Hanjin Malta”, for a purchase price [...]
The Shipping Corporation of India Ltd. (SCI) accepted delivery of a Panamax Bulk carrier, M/V Vishva Preeti, 30th October, 2012. The vessel is the last of the series of four Panamax bulk carriers ordered by SCI with STX (Dalian) Shipbuilding Co. Ltd., China. Orders for these vessels were placed in August 2008. These vessels were [...]
Diana Containerships Inc., a global shipping company specializing in owning and operating containerships, today announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement with Neptune Orient Lines Ltd. for the purchase of a 1995-built Panamax container vessel of approximately 4,750 TEU capacity, the m/v “APL Garnet”, for a purchase [...]
Seanergy Maritime Holdings Corp. announced on October 31 the sale of the BET Intruder, a 69,235 dwt Panamax drybulk vessel, built in 1993, at a gross price of US$4.8 million. The vessel was delivered to its new owners on October 29, 2012. The company used the sale proceeds to reduce debt. Following the completion of [...]
After showing some strong gains in the first quarter the shipping industry has fallen sharply since then. The Guggenheim Shipping ETF (SEA) has fallen over 14 percent over the last three months, FiveStarEquities reports. The recent rally in Panamax shipping rates could be coming to an end as China begins to hoard record coal stocks. [...]
Diana Shipping Inc., a global shipping company specializing in the ownership and operation of dry bulk vessels, today announced that it has entered into a time charter contract with Cargill International S.A., Geneva, through a separate wholly-owned subsidiary, for one of its Panamax dry bulk carriers, the m/v “Protefs”, at a gross charter rate of [...]
