Drewry optimistic on prospects for multipurpose shipping

JUNE 26, 2017 — Many key drivers for dry cargo demand have reported a significant uptick in 2017, resulting in improving conditions for all vessels in the multipurpose shipping sector, according to

Gregg McNelis now iMarine Software COO

JUNE 14, 2017 — Issa Odeh, CEO of New York based iMarine Software reports that Gregg McNelis, former CEO and President of TBS Ocean Logistics, a dry bulk shipowner and pool operator,

Price cut prompts owner to take newbuild, not cancel it

MARCH 30, 2017 — Athens headquartered Euroseas Ltd. (NASDAQ: ESEA) has signed an addendum to its newbuilding contract with China’s Jiangsu Yangzijiang Shipbuilding Co. for Hull Number YZJ 1153, originally entered into

Algoma and Nova plan short sea bulk partnership

MARCH 3, 2017 — Canada’s Algoma Central Corporation and Nova Marine Carriers SA of Lugano Switzerland say they are exploring an expanded partnership that is expected to lead to the creation of

Dry bulk sector recovery ahead, says Drewry

FEBRUARY 9, 2017—Driven by a healthy growth in the demand for iron ore and thermal coal, the dry bulk shipping sector is expected to show a recovery this year, according to the

Peter Georgiopolous steps down as Genco Chairman

OCTOBER 13, 2016 — Just days after three of its largest shareholders agreed to buy up to $125 million of its shares, dry bulk operator Genco Shipping & Trading Limited (NYSE:GNK)) announced

DryShips to acquire Nautilus Offshore Services

OCTOBER 23, 2015—DryShips Inc., Athens, Greece, the largest U.S.-listed dry bulk fleet operator, has inked a deal to acquire about 98% of Nautilus OffShore Services Inc. for a purchase price of $87

Golden Ocean moves to strengthen its cash position

APRIL 27, 2015 — John Frederiksen’s Golden Ocean Group Limited said today that though it is not abandoning its strategy to be a “much needed consolidator” in the dry bulk sector it

NewLead Holdings Ltd. secures $10 million debenture

MARCH 11, 2015 — Aventura, FL, headquartered TCA Fund Management Group, , has announced the closing of a $10,000,000 USD Senior Secured Debenture with an initial draw set at $4,250,000 for NewLead

Knightsbridge to acquire remaining Frontline 2012 fleet

APRIL 24, 2004 — John Fredriksen is rearranging the place settings on the dry bulk market table. The move involves two companies that once were tanker operations before going dry. Knightsbridge Tankers