Apeejay Shipping Bolsters Fleet

first_imgApeejay Shipping Limited, an Apeejay Surrendra Group company, has acquired a 76,602 dwt gearless Panamax, which has been renamed APJ Kabir Anand.The latest purchase is the third gearless Panamax vessel to be added to the company’s fleet since September 2017.“This is a good time to own quality assets,” Karan Paul, Chairman of Apeejay Shipping, said.As explained, the freight market is forecast to be favorable for the industry in the coming years, due to a general increase in demand as a result of growth in the world economy and a drop in the supply.According to Paul, 2018 and 2019 are expected to be strong years for dry-bulk shipping.“We are well poised to take immediate advantage of the positive trend in the dry-bulk market with a judicious addition to the fleet with second-hand tonnage at good prices. We are keeping our focus on expansion and growth and are on the lookout to purchase right vessels at the right time,” he added.The Panamax increases the company’s fleet capacity to 9 ships.last_img read more

Read More »

Wednesday June 3rd Local Sports

first_imgEAGLE GROVE — A second Wright County school district has voted to cancel the summer sports season due to coronavirus concerns. The Eagle Grove School Board on Tuesday during a special session voted 3-2 to cancel the Eagles’ baseball and softball seasons. A recent spike in COVID-19 cases was the determining factor for some school board members against putting the summer sports programs on the field. In the last two weeks, the number of Wright County coronavirus cases has jumped from 27 to 188 after a testing effort by the county’s public health officials of the employees of the county’s largest businesses. The Belmond-Klemme School Board previously voted against baseball and softball teams playing this summer. DES MOINES — Iowa Cubs president and general manager Sam Bernabe says the franchise will survive even without a Pacific Coast League season. Next week will mark two months since the I-Cubs scheduled season opener and prospects are dimming for even a shortened season.KGLO News · 6 – 3-samjune – 1Bernabe says the loss of an entire season would impact their budget for a couple of years.KGLO News · 6 – 3-samjune – 2Bernabe says a decision of minor leagues will be made after MLB owners and players strike a deal.KGLO News · 6 – 3-samjune – 3Iowa has four teams in the Class A Midwest League, including the LumberKings in Clinton. General manager Ted Tornow hopes an agreement by Major League Baseball can lead to a shortened season for his club.KGLO News · 6 – 3-tedjune – 1Tornow says he is still hoping for even a two month season.KGLO News · 6 – 3-tedjune – 2Tornow believes a decision on minor leagues will be made if MLB owners and players can strike a deal.KGLO News · 6 – 3-tedjune – 3 TONIGHT:AM-1300 KGLO — Minnesota Twins Classic — 7:00AM-1490/96.7-FM KRIB, kribam.com — 2015 Clear Lake Baseball Classic — State Quarterfinal vs. Treynor — 7:00last_img read more

Read More »