News


Lakes Limestone Trade Up 11.4%

Shipments of limestone on the Great Lakes totaled 3.8 million tons in October, an increase of 11.4 percent compared to a year ago.  Limestone cargos also bettered the month’s 5-year average by 8.5 percent.

BIMCO: Dry Bulk Shipping Outlook

Freight rates down from multi-year highs as the market fundamentals make themselves felt.The fundamental balance in the market has worsened in 2019 with supply growth outstripping demand, and BIMCO expects that this will continue into 2020.

China Establishes World's Largest Shipbuilding Group

China on Tuesday formally established China Shipbuilding Group, which the country's government-run broadcaster described as the world's largest shipbuilder.The group's establishment, reported by China Central Television (CCTV),

TrashTech: Trash Trawl Debuts

New system helping to solve garbage problems in rivers by collecting waste from water surface. SpillTech, aNorwegian company which specializes in oil spill recovery equipment and systems to collect waste in ports, is expanding its services to tackle waste pollution issues in rivers.

Hägg takes the helm at Steerprop

Steerprop appointed Riku-Pekka Hägg as its new Chief Executive Officer (CEO), starting January 2020.Formerly Hägg was Vice President of Ship Design at Wärtsilä. “Steerprop shares my passions and values to ensure efficient and sustainable shipping in the future.

BoatUS’s Kennedy Elected Chairman of AIWA

BoatUS Manager of Government Affairs David Kennedy was elected chairman of the Atlantic Intracoastal Waterway Association (AIWA).  Kennedy, who will serve a one-year term, previously served as the organization’s vice-chair and board secretary.

Ferus Smit Launches Arklow Accord

Ireland-based coastal shipping line operator Arklow Shipping (ASL) has added Arklow Accord the bulk cargo vessel to its fleet.Arklow Accord was successfully launched at the Ferus Smit shipyard in Westerbroek, Netherlands last week.

Boskalis Completes Horizon Acquisition

Dutch dredging and heavylift company Royal Boskalis Westminster has acquired the remaining 37.5% in the United Arab Emirates’s Horizon Group, a company specializing in the provision of marine geophysical surveys and geotechnical services.

NMP Acquires Eleven Vessels

Navios Maritime Partners (NMP) s agreed to acquire eleven vessels and liquidate Navios Europe I.As of September 30, 2019, Navios Partners had a receivable of $48.2 million from Navios Europe I. On November 22, 2019, an agreement was reached to liquidate Navios Europe I.

Kawasaki Delivers Bulker to Wisdom Marine

Japanese shipbuilder Kawasaki Heavy Industries Ltd (KHI)  has delivered the bulk carrier Amis Star, with a capacity of 61,000 DWT for Wisdom Marine Lines.Amis Star has overall  length of 199.90 m, molded breadth 32.

ABS Awards AiP to SHI LNG Re-liquefaction System

ABS has announced that it has awarded approval in principle (AiP) to Samsung Heavy Industries (SHI) for its innovative X-Reli LNG Boil Off Gas Expander – part of SHI’s Expansion Re-Liquefaction System.

Performance Shipping Adds Aframax Tanker

The global provider of shipping transportation services through its ownership of vessels, Performance Shipping has announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/t Briolette (formerly Maersk Jamnagar).