Diana Shipping swoops on Sea Trade Holdings fleet
Athens-headquartered Diana Shipping Inc. (NYSE: DSX) has agreed to buy what looks to be the entire fleet of Stamford, Conn., based Sea Trade Holdings, Inc. Announcing the deal, Diana said it has
Athens-headquartered Diana Shipping Inc. (NYSE: DSX) has agreed to buy what looks to be the entire fleet of Stamford, Conn., based Sea Trade Holdings, Inc. Announcing the deal, Diana said it has
CIT, a division of First Citizens Bank, today announced that its Maritime Finance business provided $80 million to refinance two Korean-built containerships operated by Seamax Capital. Founded in 2012 to make investments
Plans for a new all-water container-on-vessel (COV) trade lane between the Port of Plaquemines on the Lower Mississippi and the Midwest are picking up pace. Hawtex Development Corporation has signed on as
Synergy Marine Germany GmbH, a subsidiary of Captain Rajesh Unni’s Singapore-based Synergy Group, has signed an agreement that will see it manage part of the bulk carrier fleet owned by Germany’s Oldendorff
A deal has been finalized that will soon see an Oldendorff Carriers post-Panamax bulker become the largest vessel to ever call at New Zealand for the loading of logs. The fixture is
John D. Porcari, who served as the Obama administration’s Deputy Secretary and Chief Operating Officer of the Department of Transportation, has been named as Port Envoy to the Biden administration’s Supply Chain
The onset of the COVID-19 pandemic saw a significant reduction in demand for cargo-carrying capacity across the globe. In response, Oslo-headquartered Wallenius Wilhelmsen made the decision to recycle four of its 123
Bigger ships require ports to have bigger cranes to work them and Port Everglades, Fla., has received three Super Post-Panamax container gantry cranes that are the largest of their kind in the
Cranes and material handlers—it’s something we haven’t written a whole lot about in Marine Log. Nonetheless, they are an essential part of shoreside shipping, whether they are at a container terminal on
A project that aims to develop a multimodal container terminal in Plaquemines Parish, La., has taken another step forward. The proposed 1,000-acre terminal, with 8,200 feet of Mississippi River frontage 50 miles