DryShips acquires six vessels
DryShips Inc. enters into a US$226.4 million common stock purchase agreement with Kalani Investments Ltd and announces the acquisition of six vessels.
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DryShips Inc. enters into a US$226.4 million common stock purchase agreement with Kalani Investments Ltd and announces the acquisition of six vessels.
With contraction in vessel supply and healthy demand growth, the dry bulk shipping market is expected to recover from 2017 onwards, according to the latest edition of the Dry Bulk Forecaster.
The surge in spot earnings at the end of 2016 was welcome, but MSI warns not to rely on a continuation of this short-term strength.
Tenova TAKRAF recently completed the delivery of a continuous ship unloader to handle iron ore at the Port of Pecem, Brazil.
London Arbitration Tribunal rules a 20-year contract between Corporacion Navios S.A. and Vale International S.A. for the iron ore port under construction to be in full force and effect.