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Thursday, 10 August 2017 10:43

Damaged US Navy Warship moved for repairs

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The US Navy’s damaged USS Fitzgerald is to be moved back to the US after it collided with the ACX Crystal container ship in Japan. The vessel suffered flooding and underwent basic repairs, but it is not capable of sailing on its own.

Wednesday, 09 August 2017 06:47

Zeaborn buys 5 heavy lift vessels

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Zeaborn has decided to buy five heavy-lift vessels from Rickmers Holding. Their price is high and the ships in question are the Rickmers Singapore, the Rickmers New Orleans, the Rickmers Jakarta, the Rickmers Dalian and the Rickmers Seoul, which were built in 2003 and 2004. Each of these ships has a market value of USD 7 million. The vessels will be delivered to Zeaborn in late September.

Tuesday, 08 August 2017 10:10

Eagle Bulk trims loss

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Eagle Bulk Shipping ended the second quarter of 2017 with a loss of USD 5.9 million, compared to last year's net loss of USD 22.5 million. Trade has increased and the company accepted the delivery of eight Ultramax vessels from Greenship Bulk.

The Hong Kong carrier Orient Overseas Container Line made a profit of USD 53.6 million in the first half of 2017. The company’s revenue reached USD 2.89 billion in the 6-month period. Compared to 2016, the load factor increased by 1%.

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