New York City based CIT, a division of First Citizens Bank reports that its maritime finance business served as sole lead arranger on up to $30.5 million in financing to expand Lomar
Scorpio Bulkers has reached an agreement with an unaffiliated third party to sell the SBI Rock, a 2016 built non-scrubber-fitted Kamsarmax vessel, for a price slightly in excess of $18 million. Delivery
New York City headquartered bulk carrier operator SwiftBulk Holding Co. Ltd, a subsidiary of Tiptree Inc. (NASDAQ:TIPT), is to install the Fueltrax EFMS (Electronic Fuel Monitoring System) and Fueltrax Vision solutions on
OCTOBER 15, 2018 — Scorpio Bulkers Inc. (NYSE:SALT) has joined the growing list of bulk carrier operators who will invest in fitting exhaust gas scrubbers to its ships to meet to the
SEPTEMBER 20, 2017 — Songa Bulk ASA (Oslo Axess: SBULK) has entered into an agreement to acquire its fifteenth vessel, an 82,188 dwt Kamsarmax bulk carrier built in 2012 at Tsuneishi Shipbuilding
JUNE 4, 2015 — In a ceremony at Nor-Shipping today, DNV GL presented Japan’s Oshima Shipbuilding Company with an Approval in Principle (AIP) certificate for an LNG-fueled Kamsarmax bulk carrier. The innovative
JANUARY 8, 2015 — Japan’s Tsuneishi Shipbuilding Co., Ltd. yesterday delivered its 200th Kamsarmax bulk carrier, the 82,000 dwt Ultra Lion. Developed by Tsuneishi and now an industry standard, Kamsarmax bulkers have
MARCH 6, 2014 —Athens headquartered Paragon Shipping Inc. (NASDAQ: PRGN) says it has signed shipbuilding contracts for three eco-design 81,800 Kamsarmax dry bulk carriers. They will be built at China’s Jiangsu Yangzijiang
In its first six months in operation with wind assisted propulsion, the Cargill-chartered bulker Pyxis Ocean has achieved performance consistent with what was predicted, which is equivalent to an average of 3
The decision by Airbus and Louis Dreyfus Armateurs (LDA) to install Norsepower rotorsails on their three next-generation newbuilds is just one part of the story on how the two are looking to
