Port Houston readies to accept boxships

Two major container terminals serving the US Gulf Coast expect to be open Friday. Port Houston, which runs the sixth largest US container port, is readying to accept ships starting tomorrow, according to a public notice. Port Houston operates two container terminals in Galveston Bay, which had been closed off to shipping since Friday due […]

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Houston ship moves may start this week

USCG gives preliminary timeline for ship transits, but damage assessments still being done. The US Coast Guard hopes to ease restrictions within Houston port today, but big vessels may not move until later in the week. The agency expects to allow “limited vessel movements within the port.” But deep-water ship traffic “may not start moving […]

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Major Texas ports still closed due to Harvey

US Coast Guard still assessing damage in hurricane’s wake; Houston faces major flooding. The US Coast Guard continues to restrict ship movements at major Texas ports after Harvey, one of the strongest hurricanes ever to hit the US Gulf Coast, barreled through Friday night. Houston, a major centre of energy exports and shoreside shipping operations, […]

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Diana gets pay raise on panamax boxship

Rates on comparable size containerships up strongly from a year ago. Diana Containerships lined up a better rate on a short-term charter for one of its panamax containerships. The Simeon Palios-led company says CMA CGM will take the 3,739-teu Domingo (built 2001) at a gross charter rate of $8,500 per day, less a 3.5% commission. […]

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Navig8 Chemical sees rates as 'stabilised'

Oslo-listed owner reports third consecutive quarterly loss as fleet growth outstrips demand. Navig8 Chemical Tankers reported a loss for the second quarter as freight rates remain weak and its fleet size increases. But chief executive Nicolas Busch sees supply-demand balances righting over the next year. Navig8 reported a $3.6m loss for the second quarter compared to […]

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Eagle Bulk's second quarter revenue doubles

Larger owned and chartered-in fleet help drive results as net loss lower than expected. Eagle Bulk Shipping reported a narrower-than-expected loss for the second quarter as revenue at the company rose 109% over the year earlier period.  The supramax-and-ultramax specialist reported a net loss of $5.9m versus a $22.5m loss for the year-earlier period. The […]

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