The barge will be deployed carrying cargoes of up to 22,000 tonnes of anhydrous ammonia for Tampa Port Services, a subsidiary of The Mosaic Company, a global producer and marketer of concentrated phosphate and potash.
Rising scrap prices encourage further demolition activity, with Greek owner John Angelicoussis’ VLCC sold close to the USD400 per ldt mark.
The company made a 2Q17 net loss of SEK43.9 million (USD5.49 million) compared with a profit of SEK12.4 million in the same period last year.
This year, fleet growth will amount to about 4% to 5%, while production cuts by OPEC combined with high levels of oil stocks in consumer countries have depressed the market and wiped out prospects for arbitrage in oil product trades, which is a major driver of demand.
The gradual closing of the oversupply gap bodes well for the future well-being of the dry bulk market, Western Bulk suggested.
The offer represents a 37% premium on Songa Offshore's 5-day share closing price and has been approved by the majority of shareholders.
Hong Kong-listed SITC has announced a USD68 million order for four new feeder ships at South Korea's Dae Sun Shipbuilding & Engineering.
Swissco has begun the liquidation process for Scott and English Energy Pte Ltd, the subsidiary through which it co-owns and manages rigs with Ezion Holdings Limited.
KG fund is seeking to discover information relating to transactions and trading partners that Essar Shipping and two other companies may have in the United States for unpaid charter-hire.
The Maritime and Port Authority of Singapore has revoked the licence of Panoil Petroleum Pte Ltd, which made unauthorised alterations on the mass flow meters of five bunker tankers.