Archive

Scorpio Bulkers Inks Sale and Leaseback for Six Bulkers

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

April 16, 2019 Monaco-based dry bulk shipping company Scorpio Bulkers has agreed to sell and leaseback six Ultramax vessels to AVIC International Leasing. The vessels in question are the SBI Antares, SBI Bravo, SBI Hydra, SBI Leo, SBI Lyra and SBI Maia. Upon completion of the transaction, estimated to take place in the second quarter […]

Pacific Basin to Add Supramax Trio

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April 12, 2019 Hong Kong-based dry bulk shipping company Pacific Basin Shipping Limited is to expand its fleet with a further three secondhand Supramax vessels. As informed, the company recently committed to buying for cash three ships from undisclosed shipowners. The trio is scheduled for delivery over the next three months, Pacific Basin said in […]

Yang Ming to Charter Another 11,000 TEU Newbuild Quartet from Shoei Kisen

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April 11, 2019 Taiwanese shipping company Yang Ming Marine Transport Corp. has signed charter agreements with Japanese shipowner Shoei Kisen Kaisha, a subsidiary of Imabari Shipbuilding, for four 11,000 TEU containerships. The signing ceremony was held in Hong Kong on April 10, 2019. The four boxships have been ordered by Shoei Kisen Kaisha at Imabari […]

Diana Shipping Fixes Capezies with Cargill

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April 11, 2019 Greek dry bulk owner Diana Shipping has entered into a time charter contract with Geneva-based Cargill International for one of its Capesize dry bulk vessels. Under the deal, the company’s the 180,960 dwt New Orleans started working for Cargill on April 10 at a gross charter rate of USD 15,000 per day. The […]

CMA CGM Finalizes Tender for CEVA Logistics

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April 10, 2019 French shipping major CMA CGM has completed its public tender offer to acquire CEVA Logistics. Following the close of the offer launched in mid-February, the shipping company would hold 97.89% of the outstanding shares and voting rights of CEVA upon settlement of the tendered CEVA shares, scheduled for April 16, 2019. CMA CGM, which […]

Höegh Autoliners CEO: Scrubbers Just Move Emissions to the Sea

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April 10, 2019 Norwegian car carrier Höegh Autoliners said it stands firm on its decision not to implement scrubbers in order to comply with the IMO 2020 regulations. The company informed it would instead use very low sulphur fuel oil (VLSFO) or low sulphur marine gas oil (LSMGO). “We have ordered zero scrubbers and will […]

NYK to Build New LNG Carrier for 20-Year Edison Charter

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April 10, 2019 Japanese shipping major NYK Line has placed an order for a liquefied natural gas (LNG) carrier after signing a charter contract with Italy-based energy company Edison. The 174,000 cubic meter vessel was ordered from South Korea’s Hyundai Samho Heavy Industries. Featuring an X-DF fuel-efficient, dual-fuel engine, the new ship is scheduled to […]

Maersk Product Tankers Ends Challenging Year in Loss

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April 9, 2019 Despite outperforming the market on time charter equivalent earnings and costs, 2018 was a financially challenging year for Maersk Product Tankers. The company faced the lowest spot market rates seen in a decade. Revenue in 2018 increased to USD 647 million from USD 621.1 million reported a year earlier. During the period, […]

ZIM Returns to NWSA’s North Harbor in Seattle

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April 9, 2019 Israeli shipping company ZIM is returning to The Northwest Seaport Alliance’s North Harbor in Seattle with the inaugural arrival of boxship ZIM Ningbo on April 5. ZIM is expanding its presence at the NWSA by joining the 2M Transpacific service calling at Terminal 46 in Seattle. The company had previously been an independent […]

OOIL, JD Logistics to Jointly Invest in Eshipping

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April 4, 2019 Orient Overseas International Line (OOIL) has signed a deal with COSCO SHIPPING Logistics and JD Logistics to jointly invest in online logistics platform Eshipping. The agreement, reached on March 29, would see JD Logistics, OOIL’s subsidiary Gold Talent and Cosco Shipping Logistics form a joint venture for the acquisition of COSCO’s online […]