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DryShips Profits from Rate Improvements

Posted By Tony Sanchez / Cargo News / 0 Comments

August 1, 2018 Greek shipowner DryShips delivered a profit in the second quarter of the year, driven by an improvement in the company’s time charter equivalent rates. The company reported a net income of USD 3.6 million during the period, compared to a net loss of USD 15.6 million seen in the same quarter a […]

Teething Problems Push ONE to Red

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

August 1, 2018 The newly launched container shipping joint venture Ocean Network Express (ONE) posted its first quarterly results for the 2018 fiscal year. The company delivered a net loss of USD 120 million, which ONE ascribed to lower lifting caused by operational teething problems that affected service quality during the operation start-up period, and […]

Navios Containers Buys Another Ship, Reports Profit Growth

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

August 1, 2018 Monaco-based Navios Maritime Containers has decided to acquire a 2009-built vessel, continuing its boxship buying spree. The company is to buy the 4,563 TEU containership for USD 13.9 million from an unnamed owner. As informed, the vessel, scheduled for delivery in Q3/Q4 2018, is expected to generate approximately USD 2.1 million of EBITDA […]

GoodBulk Bolsters Capesize Fleet

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

August 1, 2018 GoodBulk Ltd. has exercised options for the acquisition of two second-hand Capsizes, spending USD 68.3 million. The two ships, built in 2011 and 2012 by Daehan, KR, feature approximately 180,000 dwt each. The vessels are expected to be delivered into the fleet by 30 September 2018 and funded with USD 47.8 million of […]