Asset prices of Capesize, Panamax vessels trend up

Asset prices of newly built and resale Capesize and Panamax vessels trended up rapidly in October, according to separate reports published this week by Norwegian financial services group DNB, and Intermodal Research & Valuations. Newly built Capesize vessels were quoted at $53 million as on November 8, up from $52 million in October and up […]



Europe’s shipping sector welcomes new facilitations for seafarers

European Community of Shipowners’ Associations, representing the interests of the national shipowners’ associations of the EU and Norway, and CLIA Europe, representing Europe’s cruise industry, welcome the proposal for a revision of the EU Visa Code as a first important development for visa facilitation for seafarers. Seafarers are a critical part of Europe’s shipping sector. […]

Shipping and Samoli pirates in the Gulf of Aden in 2014

Dryad Maritime Intelligence have today confirmed the first shipping piracy attack of 2014 which saw an audacious and determined attack launched by Somali pirates south of Salalah in the late hours of 17th January. The news comes hot on the heels of the latest International Maritime Bureau (IMB) annual report on piracy and maritime crime, […]

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Greek Shipping Industry shows competitive advantage in current Credit Crisis

China’s outgoing ambassador to Greece Du Qiwen says the country’s shipping community have shown competitive advantage in the face of economic crisis. Their “broad-mindedness and indomitable spirit will see the Greeks triumph over the current challenges and hardships they face”, declared China’s ambassador Du  as he prepared to return to Beijing ending his two year […]

Car Shipping Carriers fined $2.3 Million by the FMC

Car Shipping News The Federal Maritime Commission (FMC) is the independent federal agency responsible for regulating the nation’s international ocean transportation for the benefit of exporters, importers, and the American consumer. The Federal Maritime Commission announced compromise agreements reached with two common carriers operating pure car carriers (PCCs) and roll on/roll off (RO/RO) vessels in […]

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Car Shipping

Wallenius Wilhelmsen Logistics and Port of Hueneme announce 5-year deal

Roro Car Shipping Update Port Officials and Wallenius Wilhelmsen Logistics (WWL), on the eve of WWL’s 26th anniversary at the Port, executed a fifth modification of its 1991 contract extending its agreement for an additional five years through December 31, 2018. Wallenius Wilhelmsen ships first began calling at the Port of Hueneme in1987. In 1991, […]

Diamond S Shipping invests in clean product tankers – Car Shipping News

Car Shipping News Billionaire investor Wilbur Ross thinks that this is a good time to invest in clean product tankers. Among the hats he wears is that of Chairman of Diamond S Shipping Group, which announced this week that it had acquired three modern medium-range clean product tankers from funds managed by CarVal Investors, the […]

AMPN Inc. Announces Third Quarter 2013 Financial –

Aegean Marine Petroleum Network Inc. yesterday announced financial and operating results for the third quarter ended September 30th, 2013. Third Quarter Highlights —  Recorded sales volumes of 2,496,457 metric tons. —  Reported gross profit of $70.8 million. —  Recorded operating income of $12.4 million. —  Recorded net income attributable to Aegean shareholders of $7.3 million […]

Product tanker market has been outperforming its crude tanker counterpart –

Get Cheap Car Shipping & Heavy Equipment Shipping The product tanker market has been outperforming its crude tanker counterpart, as fundamentals remain in the favor of ship owners. In its latest results’ report, ship owner Capital Product Partners noted that “overall, product tanker spot earnings in the third quarter of 2013 were at levels higher […]