Connecticut-based Eagle Bulk Shipping has reported a loss of $5.9 million in its second quarter ended June 30, 2017. However, the net revenue of $53.6 million has shown a 109% increase compared to the same period in 2016. The company has achieved…
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Navios Maritime Completes Acquisition of 14 Container Vessels
The Marshall Islands-based shipping company Navios Maritime Containers has closed the acquisition of the remaining four container vessels and as a result has completed the acquisition of the entire 14 container vessels fleet. Navios Containers…
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From GloBallast to GloFouling Partnerships
Global Environment Facility (GEF) approves new project concept to address major aquatic invasive species vector. A new global project to help protect marine ecosystems from the negative effects of invasive aquatic species has been given the go-ahead fo...
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Chemical Shipping Faces Oversupply: Drewry
The shipping fleet trading in chemical and vegoil markets is expected to accelerate at a much faster pace than demand, weakening earning prospects, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Dre...
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Kamji Marine joins Green Award Scheme
Green Award Foundation has announced that their network of incentive providers has extended to China. Kamji Marine Agency Ltd entered the Green Award scheme. Kamji Marine Agency headquarted in Zhoushan with branch offices in Europe. The company…
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Rocket Lab says fixes test flight glitch which terminated first launch
WELLINGTON (Reuters) - Rocket Lab, a Silicon Valley-funded space launch company, said a contractor's error was to blame for its maiden flight failing to reach orbit in May, but that the problem had been fixed ahead of another planned launch in the next...
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HMS Queen Elizabeth Set to Sail Home
The U.K. Royal Navy’s new 65,000-metric-ton aircraft carrier, HMS Queen Elizabeth, the largest warship ever to be built in Britain, has been undergoing sea trials since setting sail from Scotland's Rosyth dockyard in June, and is now set to enter her new home in Portsmouth in around two weeks.
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Intermarine’s Grikitis to Receive AOTOS Award
Project, breakbulk and heavylift cargo transport company Intermarine, LLC announced that its President & CEO, Andre Grikitis, will be awarded with the Admiral of the Ocean Sea by the United Seaman’s Service (USS) at the organization’s 48th annual gala at the Sheraton New York Times Square Hotel…
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New Player Enters the Decommissioning Market
A new entrant to North Sea decommissioning, Well-Safe Solutions was established by a group of oil industry stalwarts Alasdair Locke, Mark Patterson and Paul Warwick, setting out to provide a new approach to the safe and cost-efficient decommissioning o...
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GE Shipping to Buy L2R Product Carrier
The Great Eastern Shipping Company (GE Shipping) has signed a contract to buy a second-hand L2R product carrier of about 105,000 dwt, the company said in a press statement. The company said that the 2009 built vessel is expected to join the company’s fleet in Q2/Q3 FY18.
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