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Issue #583 | Forest Products

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2014 Media Kit

Liner Shipping

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Diana Shipping Inc. Announces the Acquisition of a New-Building Capesize Dry Bulk Vessel

GlobeNewswire | June 27, 2014 | Liner Shipping

Diana Shipping Inc, a global shipping company specializing in the ownership of dry bulk vessels, announced that on June 24, 2014, it signed through a separate wholly-owned subsidiary, a Memorandum of Agreement to acquire from an unaffiliated third party seller, a new-building Capesize dry bulk vessel of approximately 180,000 dwt, built by Qingdao Beihai Shipbuilding Heavy Industry Co., Ltd., Qingdao, People’s Republic of China, for a purchase price of US$58 million. Read More »

Experts warn at WISTA-UK Liverpool Forum of dangers of extra-heavy shipping containers

AJOT | June 26, 2014 | Liner Shipping

Maritime experts are deeply divided on how to curb the menace of overweight shipping containers, which cause severe accidents at sea and on the roads. The difficulties of clamping down on false declarations of the weight and content of boxes were underlined during a panel discussion at the WISTA-UK Liverpool Forum, part of the International Festival for Business in the port city. Read More »

Nautilus files for US bankruptcy

Reuters | June 24, 2014 | Liner Shipping

Nautilus Holdings Ltd, a Bermuda-chartered company that leases container ships, has filed for Chapter 11 bankruptcy protection in New York, becoming the latest victim of a depressed shipping industry. Read More »

TSA consolidates peak season rate initiatives on July 1

AJOT | June 23, 2014 | Liner Shipping

Container shipping lines in the Transpacific Stabilization Agreement (TSA) have moved the effective date of a scheduled June 15, 2014 peak season surcharge (PSS) of US$400 per 40-foot container (FEU) to July 1, to coincide with the expiration of various market rates on June 30. Read More »

Mid-June PSS postponed;
 some carriers implement GRIs

AJOT | June 19, 2014 | Liner Shipping

Amid a volatile shipping market and concerns of US West Coast slowdowns, ocean carriers have postponed the peak season surcharge from the Far East and Indian sub-continent to the US and Canada. The PSS was announced earlier in the month with an effective date of June 15, which has been postponed to July 1. Read More »

Cotton, Cox and Harris to receive United Seamen’s Service Admiral of the Ocean Sea Awards

AJOT | June 19, 2014 | Liner Shipping | Ports & Terminals

The United Seamen's Service (USS) 2014 Admiral of the Ocean Sea Awards (AOTOS) will be presented to Stephen Cotton, General Secretary of the International Transport Workers' Federation (ITF); Joseph J. Cox, President/CEO, Chamber of Shipping of America; and Frederick J. Harris, President of General Dynamics NASSCO, an American shipbuilder. Read More »

June marks 50th anniversary launch of the first commercial liquefied natural gas tanker

AJOT | June 19, 2014 | Energy | Maritime | Liner Shipping

The world's first purpose-built liquefied natural gas (LNG) carrier, the Methane Princess, entered service 50 years ago, in June 1964. Since then, the global LNG carrier fleet has grown to include 357 ships, with an average capacity of 150,000 cubic meters of LNG per ship (approximately 3,300 million cubic feet (MMcf) of natural gas), more than five times larger than the capacity of the Methane Princess. Read More »

Rowan Companies contracts Damen Shiprepair Vlissingen for Rowan Viking conversion

AJOT | June 19, 2014 | Liner Shipping

Rowan Companies contracts Damen Shiprepair Vlissingen for Rowan Viking conversion

Damen Shiprepair Vlissingen (DSV), part of Damen Shiprepair & Conversion, has been awarded the contract by a subsidiary of Rowan Companies plc to remodel the Rowan Viking. The Rowan Viking is a Keppel Fels ‘N’ Class Drilling Rig. The rig, which at 124 (l) x 95 (w) x 170 (h) metres is one of the largest of its type, is active in the North Sea. Read More »

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