Renewal of the Greek fleet continues at pace as cash rich owners continue to build ships and buy ships.
In its fiscal year 2017, ended 30 September 30 2017, the Panama Canal Authority (ACP) set record cargo tonnage of 403.8m Panama Canal tonnes (PC/UMS), the highest cargo tonnage ever transited in its 103-year history.
Cosco (Dalian) and Cosco (Zhoushan) Shipyards for two multi-purpose vessels and four bulkers respectively plus options.
Skangas has signed an agreement with ESL Shipping to provide fuel for its two new LNG-powered newbuildings.
Australia authorities have barred a Bahamas-flagged bulker Rena for six months over outstanding wages owed to the crew and a failure to maintain a safe workplace.
We are continually reading how the “shipping crisis” seems to have had little impact on Greece shipping, as the community 'bounds along consolidating its standing at the top of most stats on world's fleet. Greek publication Naftiliaki has now added to the mountain of statistics, confirming the country's largest owners have mainly stood their ground, while others have crumbled.
Danish shipowner J. Lauritzen says it reaped fuel savings of almost 5% last year from a BlueINNOship performance management project.
Apparently allaying fears of any nickel export squeeze from major exporter Philippines, listed miner Global Ferronickel Holdings Inc (FNI) said it has started nickel ore shipments to China with volume coming to about 550,000 wet metric tons (wmt) so far.
The Suez Canal Authority is offering new rebates on canal transit tolls for dry bulk vessels transiting the waterway for a trial period until 31 December 2017.