South Korean shipping giant Hyundai Merchant Marine has signed an agreement to hire a Panamax boxship from Diana Containerships of Greece.

The 2005-built Pamina is currently employed by Hong Kong-based OOCL.

The 5,042 TEU container vessel is scheduled to start its service for HMM from 24 August 2018 for a period of eight to twelve months, earning a gross charter rate of USD 11,950 per day. The projected gross revenue from the charter is USD 2.87 million.

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Royal Caribbean Cruises Reports Record Income

Miami-based cruise company Royal Caribbean Cruises has reported record second quarter results and reaffirmed its full year adjusted EPS guidance.

Net income for Q2 rose from USD 369.5 in 2017 to USD 466.3 million in 2018, and the company beat the adjusted earnings per share (EPS) guidance by USD 0.39.

RCL stated that the success "... was driven by a noteworthy confluence of factors including: better than expected revenue from the global brands, better performance from the joint ventures and lower than expected expenses which were driven by timing.”

The company expects its full year adjusted EPS to be in the range of USD 8.70 to USD 8.90 per share.

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