American Shipping Company ASA: Positive Fundamentals In the Jones Act Tanker Market

American Shipping Company ASA announces results for first quarter ending 31 March 2019. HIGHLIGHTS • Stable Q1 bareboat revenue of USD 21.6 million • Backlog of secured bareboat revenue of USD 281.1 million with average weighted tenor of 3.2 years • Normalized EBITDA for Q1 of USD 21.7 million and...

https://www.hellenicshippingnews.com/american-shipping-company-asa-positive-fundamentals-in-the-jones-act-tanker-market/

Brazil iron-ore exports in rise in first half of May amid higher prices

Brazil’s iron-ore exports rose sharply in the first half of May, data showed on Monday, recovering from a more than seven-year low in April, as higher prices encouraged sellers to close more deals internationally. Until May 17, Brazil exported 16.2-million tonnes, according to data from the Foreign...

https://www.hellenicshippingnews.com/brazil-iron-ore-exports-in-rise-in-first-half-of-may-amid-higher-prices/

Ship Finance International Reports First Quarter Net Income of $33.6 Million

Ship Finance International Limited announced its preliminary financial results for the quarter ended March 31, 2019. Highlights 61st consecutive quarterly dividend declared, $0.35 per share Reported net income of $33.6 million, or $0.31 per share for the first quarter Received charter hire of $160...

https://www.hellenicshippingnews.com/ship-finance-international-reports-first-quarter-net-income-of-33-6-million/

K Line: Delivery of Coal Carrier “MIYAGAWA MARU” for JERA Global Markets Pte. Ltd.

Kawasaki Kisen Kaisha, Ltd., Tokyo, (hereafter called “K” Line) is proud to announce the delivery of “MIYAGAWA MARU,” a 100,000 DWT-type special coal carrier at Marugame Shipyard of Imabari Shipbuilding Co., Ltd., Japan on 21 May 2019. MIYAGAWA MARU was jointly developed by Imabari Shipbuilding and...

https://www.hellenicshippingnews.com/k-line-delivery-of-coal-carrier-miyagawa-maru-for-jera-global-markets-pte-ltd/

MOL Announces Release of FOCUS Project Part I ‘Fleet Viewer’ Application Aimed at Enhancing Ship Management – Stress-free Operation with Big Data Analysis

Mitsui O.S.K. Lines, Ltd. yesterday announced that MOL, Mitsui E&S Shipbuilding Co., Ltd. (President: Tetsuro Koga; Headquarters: Chuo-ku, Tokyo), and Weathernews Inc. (President: Chihito Kusabiraki; Headquarters: Chiba-shi, Chiba Prefecture) jointly released “Fleet Viewer,” as part I of MOL’s...

https://www.hellenicshippingnews.com/mol-announces-release-of-focus-project-part-i-fleet-viewer-application-aimed-at-enhancing-ship-management-stress-free-operation-with-big-data-analysis/