The WSJ reports that the Danish container-shipping group is ordering more megaships even as freight rates remain low. Reason? The world’s biggest container-shipping companies are set to dominate seaborne trade over the next few years, leaving…
Hong Kong-based owner and operator of containerships Seaspan Corporation has taken delivery of a 14,000 TEU containership, the YM Winner. The new ship, which was constructed at Hyundai Heavy Industries Co., Ltd., is Seaspan’s third 14,000…
South Korean shipbuilders, led by industry leader Hyundai Heavy Industries Co., clinched the largest amount of new orders in May, retaining the top spot for the fourth consecutive month, BusinessKorea reported based on industry sources, including Clarkson Research Services…
Close to 1,000 maritime exhibitors showed off the breadth and diversity of the shipping industry at this week’s Nor-Shipping, the bi-annual event that opened in Oslo on 1 June. About 35,000 delegates from 70 countries are expected to attend…
Radio Holland, part of Imtech Marine, has concluded a service agreement with leading tanker, gas and offshore maritime group BW Fleet Management (BWFM). The two-year agreement covers all the navigation and communication equipment onboard 13 LPG vessels…
Hybrid propulsion systems and connected ship solutions are emerging technologies that are gaining ground faster than expected, according to Tor E. Svensen, CEO DNV GL – Maritime, giving an update on the classification society's Shipping 2020 report…
Scorpio Tankers Inc. announced today (i) a new $250 million Securities Buyback Program, (ii) that it has recently taken delivery of an MR product tanker and (iii) that it will not exercise the options to purchase two LR2s currently under…
Q88 LLC has opened a new office in London. Located in Soho, the cultural center of London's West End district, the office will serve as a hub for business development and client relations. The office will be headed by Q88's VP of Sales & Marketing…
In July 2015 international regulation requires all tankers to be compliant with IMO rules for the use of ECDIS and ENCs. As many shipping companies start planning that changeover Global Navigation Solutions (GNS) has today published a white paper…
Canada’s role in the oil industry has changed dramatically in recent years driven by synthetic crude oil production in the oil sands of Alberta. New plans for Energy East, a cross-Canada West to East pipeline with a capacity of 1,100kb/day…
Stena Sonangol Suezmax Pool celebrates 10 years of collaboration and trading. The 10th anniversary celebrations took place in London on May 20. Today on May 26 it is Houston’s turn and, finally, on June 3, it will be Singapore’s turn. The Stena Sonangol Suezmax pool…
The National Shipping Co. of Saudi Arabia (Bahri) signed contracts on Thursday with Hyundai Samho Heavy Industries (HSHI) to build five very large crude carriers (VLCCs), with an option for additional five more vessels, the company said in a bourse statement…
GAIL (India) Ltd has signed a preliminary deal with Royal Dutch Shell for the potential sale of liquefied natural gas (LNG) supply sourced from its portfolio, made up of US production, says Reuters and local media reports. Gail, a Maharatna public sector company…
AXSMarine has launched an upgrade to AXSTanker – commonly known as AXSTanker4.0, a software solution for competitive shipbrokers in the Crude, Clean, Gas, Chemical and Product tanker space.Within the AXSTanker community, brokers have the option…
On May 16 (Saturday) and 17 (Sunday), a few media outlets reported that crude oil had leaked from Takamine, a tanker operated by NYK Line, while the ship was discharging at JST 9:28 p.m. on May 15 (Friday) at Keihin Kawasaki sea berth (Kawasaki…
