Seaway ports get boost from wheat, wind turbines
As ports along the Great Lakes-St. Lawrence Seaway System continue to ride the waves of the 2020 shipping season, industry experts see better prospects for the remainder of the season. According to
Markets
July was best month this year for Port of LA
In what could be a hopeful indication of a recovery in transpacific trade, North America’s leading seaport by container volume and cargo value, the Port of Los Angeles, reports that it moved
Tanker operator Diamond S reports strong second quarter
Greenwich, Conn.-headquartered Diamond S Shipping Inc. (NYSE: DSSI) has reported results for the second quarter of 2020 that included booking a net income of $45.7 million or $1.15 per basic share, compared
Norden back at NACKS for two more newbuilds
Saying that it sees “attractive dry cargo asset opportunities after a long period with declining values,” Danish operator Norden A/S has added two more Ultramax vessels to its existing newbuilding series on
BIMCO: World order book at its lowest in 17 years
The world shipbuilding order book for dry bulk, container and tanker ships has reached its lowest point in 17 years. BIMCO says that COVID-19 has massively slowed contracting (down 50%), though deliveries
OSG reports profitable second quarter
U.S.-flag tank vessel operator Overseas Shipholding Group, Inc. (NYSE: OSG) reported second quarter results that included net income of $6.4 million, compared with a net loss of $1.7 million for the second
American Petroleum Tankers awarded $26.4 million MSC contract
Kinder Morgan subsidiary American Petroleum Tankers LLC, Blue Bell, Pa. has been awarded a $26,462,500 Military Sealift Command contract with reimbursable elements for the U.S. flagged, West Coast, Jones Act tanker vessel
LISCR hires former USCG LNG expert
The Liberian International Ship and Corporate Registry has hired Dallas Smith as its Director of LNG and Offshore Technology and as General Manager its new Houston office. Smith brings over 20 years
Newcastlemax loads record met coal cargo at Port of Mobile
Though U.S. barge lines may be carrying less thermal coal used for electricity generation these days, metallurgical coal shipments remain healthy. Where’s it all going? The answer is that much of it
Diamond S and Norden in strategic partnership
Greenwich, Conn., based Diamond S Shipping Inc. (NYSE: DSSI) and Hellerup, Denmark based Norden A/S (CPH:DNORD) have formed a strategic partnership called DiaNor. It brings together two of the world’s largest product