Shipping
Ecoshield proven to prevent cavitation erosion
(Posted on 24/05/18)Damage to rudders, running gear and the stern areas of ships due to cavitation is a perennial problem for shipowners, operators and managers, resulting in damaged protective coatings, erosion of surfaces, and ultimately, corrosion.Belgian company Subsea Industries, however, claims it has the answer with its Ecoshield coating.Following...
Report on bulk carrier casualties
(Posted on 14/05/18)INTERCARGO’s latest Bulk Carrier Casualty Report, which provides an analysis of bulk carrier total losses between 2008 to 2017, has been submitted to the International Maritime Organization (IMO) for the consideration of the Member States, Non-Governmental Organisations and other interested parties.Between 2008 and 2017 there...
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...
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