AEGIR-Marine Adds Stabilizer Repair Services
AEGIR-Marine, full service provider for stern tube seals and propulsion systems for the maritime industry, said it has added stabilizer and steering gear repair…
Baltic Index Down For Sixth Straight Session
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the sixth consecutive session on Tuesday on lower rates for larger vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, shed 16 points, or 1.37 percent, to 1,154 points. The capesize index lost 13 points, or 0.73 percent, to 1,767 points, its lowest in over six weeks.
Kartsonas Joins Seanergy Board
Dry bulk vessels owner and operator Seanergy Maritime Holdings Corp. has appointed Ioannis “John” Kartsonas as a member of its board of directors, effective May 4, 2017. Kartsonas has more than 18 years of experience in finance and commodities trading. He is currently the Principal and Managing Partner of Breakwave Advisors LLC., a commodity-focused advisory firm based in New York. Prior to that, he…
[Update] Two Dead in Bulk Carrier Explosion
At approximately 7:45 p.m., Monday, the captain of the bulk carrier Tamar reported that a second crewmember was killed from an onboard explosion. The New York Air…
East Coast Refiners Mull Texas Oil as North Dakota Alternative
U.S. East Coast refiners are looking to buy increasing volumes of domestic crude oil from the Gulf Coast, two sources said, the latest twist in a trade flow upheaval…
Tanker Market Could See Difficult Q2, Q3
New vessels expected to hit freight rates; new trade route from east U.S. to Asia to meet Chinese demand. The tanker market may face a "difficult" second and third…
Nimitz Strike Group Successfully Completes COMPTUEX
The USS Nimitz (CVN 68) Carrier Strike Group (CSG) 11 successfully completed its final pre-deployment assessment, Composite Training Unit Exercise (COMPTUEX), April 21…
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