Shipping

EuroDry Ltd. (NASDAQ: EDRY, the “Company” or “EuroDry”), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today that it has signed an agreement to sell M/V Pantelis, a 74,020 dwt drybulk vessel, built in 2000, for approximately $9.7 million.

The Baltic Exchange, through its market data subsidiary, Baltic Exchange Information Services Ltd (BEISL), and Zhengzhou Commodity Exchange (ZCE) have agreed a memorandum of understanding (MOU) to explore cooperation in the research of shipping derivatives.

Thome Group, together with other maritime giants Hafnia, Anglo American, RightShip, Rio Tinto, and Wilhelmsen have joined forces to launch Maritime Diversity, Equity & Inclusion (DEI) Innovation Lab 2022.

IMO Secretary-General Kitack Lim is scheduled to visit the port of Odesa on Monday (29 August), to see at first-hand the implementation of the Black Sea Grain Initiative and hear how ship safety and port management is being implemented.

From 1st September until the end of November this year the Paris and Tokyo MoUs will begin their joint 2022 Concentrated Inspection Campaign (CIC) focusing on STCW.

Six tanker vessels managed by Capital Ship Management Corp., were enrolled in the QualShip 21 program by the U.S. Coast Guard.

Navios Maritime Partners L.P. (“Navios Partners”) (NYSE: NMM), an international owner and operator of dry cargo and tanker vessels, agreed to acquire a 36-vessel drybulk fleet for a gross purchase price of $835.0 million, including the assumption of $441.6 million of bank liabilities, bareboat obligations and finance leasing obligations, subject to debt and working capital adjustments (the “Transaction”), from Navios Maritime Holdings Inc. (“Navios Holdings”) (NYSE:NM).

CSSC Marine Service Co (CMS), the worldwide equipment service subsidiary of China State Shipbuilding Corp (CSSC), has successfully completed the world’s first ever 36,000 running hours major maintenance on dual-fuel (DF) marine engines.

Neptune Lines is proud to announce the acquisition of Hoegh Maputo, joining Neptune Lines’ fleet, by her new name Neptune Tharros.

Kawasaki Kisen Kaisha (“K” LINE), one of the world’s largest shipping companies, has confirmed orders for three additional Seawing systems, bringing to a total of five the number of its vessels that will use Airseas’ innovative wind propulsion technology to reduce their emissions.