Palios points to ‘attractive return’ after loan repaid
Diana chief happy with return from bulker owner’s experience as a banker.
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July 2018
Reach Subsea Scores Work in Houston
Norwegian based offshore services provider Reach Subsea said its Houston office has secured several contracts from oil majors in the region, comprising some 100 days of work.Reach Subsea opened its Houston office earlier this year with sights on expand…
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Baltic Index Hits Over 4-1/2 year Peak
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Tuesday to mark its highest in over 4-1/2 years, boosted by stronger rates for larger vessels.* The overall index, which factors in rates …
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Eagle Bulk Buys Ultramax Bulk Carrier
Eagle Bulk Shipping Inc. continues its fleet renewal strategy with today’s announcement that it has acquired a secondhand bulk carrier for a purchase price of $21.2 million.The ship, a SDARI-64 Ultramax bulk carrier, was constructed at Chengxi Shipyard…
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The ABB Electric Tow Boat Beckons to Inland Operators
Long a staple for offshore service providers, a more compact and carefully designed version of the diesel electric option is now available for inland pushboats. For budget conscious operators (and who isn’t, in this environment?), the stars may finally…
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