Shipping
UK P&I Club: US withdraw from the JCPOA Agreement with Iran
(Posted on 14/05/18)Nigel Carden, Deputy Chairman for the UK Club Managers Thomas Miller P&I, highlights issues regarding the decision by President Trump announced on May 8 to withdraw the USA from participation in the JCPOA (Joint Comprehensive Plan of Action) agreed between Iran, the EU, and the P5+1 (the five permanent members of the United...
Eagle Bulk Shipping in profit for Q1
(Posted on 14/05/18)Eagle Bulk Shipping Inc, one of the world’s largest owner-operators in the Supramax / Ultramax segment, has reported financial results for the three months ended 31st March.An adjusted EBITDA of $18.8 million, representing an increase of 314% compared to the first quarter of 2017 has dramatically reversed the loss...
Diana Shipping reduces losses
(Posted on 14/05/18)Diana Shipping Inc. has reported a net loss of $3.1 million and net loss attributed to common stockholders of $4.5 million for the first quarter of 2018, compared to a net loss of $26.5 million and net loss attributed to common stockholders of $27.9 million reported in the first quarter of 2017. Time charter revenues were $48.4...
ESL Shipping invests in safety at work
(Posted on 14/05/18)ESL Shipping, Bore and Finnlines have jointly invest in the development of occupational safety training. The development program is supported by the insurance company Alandia, who support projects aiming to improve occupational safety.The target is to create an occupational health and safety training package consisting a familiarisation...
TMS conference programme announced
(Posted on 14/05/18)The fourth annual The Maritime Standard Ship Finance and Trade Conference will take place in Abu Dhabi at the Sheraton Hotel & Resort, on Tuesday, November 6th.The theme of this year’s conference is “Converting greater optimism into sustainable trade growth.”The event starts with a keynote session, followed...
SMT and CSL team up in cement shipping JV
(Posted on 09/05/18)SMT Shipping (“SMT”) and The CSL Group (“CSL”) have announced they have entered into an agreement for CSL to acquire 50% of Eureka Shipping Ltd. (“Eureka”), SMT’s pneumatic cement vessel business.The new joint venture will allow Eureka and CSL to combine expertise, resources and innovative...
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