The U.S. Environmental Protection Agency (EPA) has settled with two shipping companies over claims of violations of EPA’s Vessel General Permit issued under the Clean Water Act. Under the terms of the settlements, Swire Shipping Pte. Ltd. will pay $137,000 in...

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Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, announced that on June 26, 2023, it signed a term loan facility with DNB Bank ASA for up to US$100 million with maturity date up to December 2029,...

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The board of directors of the Company (the “Board”) is pleased to announce that yesterday, following a series of off-market transactions, Tergeo Limited (“Tergeo”) has become a major shareholder with a holding of 10,000,000 ordinary shares of 2 pence each (“Ordinary...

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The beleaguered carrier industry took another major hit in June, with the latest data from Xeneta’s Shipping Index (XSI®) showing a decline of 9.4% in global long-term shipping rates. Following on the heels of a 27.5% collapse in May, and a 10.3% fall in April,...

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Activity in the second-hand vessel market has been lackluster over the past few months, as a result of high prices. In its latest weekly report, shipbroker Xclusiv said that “as the first month of summer in the northern hemisphere is coming to an end and the second...

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