Diana Shipping announced that through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Glencore Agriculture B.V., Rotterdam, for one of its Panamax dry bulk vessels, the m/v Leto. The gross charter rate is US$12…
Greek shipping firm Euroseas Ltd took delivery of M/V Akinada Bridge, a 5,600 teu post-panamax size container vessel built in 2001 in South Korea, which the Company had previously agreed to acquire. Following its delivery, the vessel will commence during the first week of January…
Greek dry bulk owner Goodbulk informed that it expects to exercise the options to buy six more Capesize vessels for a price of USD 134.2 million. The purchase option was part of an agreement signed between Goodbulk and Carval Investors in October this year for a total of 13 Capezsize bulkers…
Sembcorp Marine announced that its wholly-owned subsidiary Jurong Shipyard Pte Ltd (JSPL) has signed an agreement for the sale of the semi-submersible rig West Rigel (Rig) to a buyer at a price of US$500 million. Under the terms of the agreement…
The maritime shipping crisis has forced shipping firms worldwide to join alliances to improve their competitiveness. Such alliances have also been set up in Vietnam. Vietnam National Shipping Lines (Vinalines) CEO Nguyen Canh Tinh said…
South Korea's Hyundai Heavy Industries (HHI) plans to raise about 1.29 trillion won ($1.2 billion) in an initial public offering (IPO) and list its refining subsidiary Hyundai Oilbank. The report quoted the world’s second-biggest shipbuilder stating that Hyundai Robotics…
China's Dalian Shipbuilding Industry Co (DSIC) is working on China's first smart crude oil carrier - a special project named 'smart ship 1.0 R&D - which will incorporate technology to help the captain operate the ship.The Chinese state media quoted Guan Yinghua…
Mitsui O.S.K. Lines (MOL) announced an agreement with Furuno Electric Co and MOL Techno-Trade to jointly develop a system that supports ship operation during voyages using augmented reality (AR) technology. In this project, information…
McDermott International announced a substantial contract award from Mærsk Olie og Gas A/S (Maersk Oil) for engineering, procurement, construction and commissioning (EPCC) services for the Tyra Redevelopment project, located offshore in the Danish sector of the North Sea…
CMA CGM has resumed the CIMEX 9 service, integrating this third service connecting Asia with Iran to provide enhanced coverage in the region. Through CIMEX 9, CMA CGM said it will provide: A third direct service between Asia and Iran…
In 2018, Shell's huge floating liquefied natural gas (FLNG) Prelude, the world's largest vessel, will begin its job of extracting and processing gas at sea, reported CNBC. The 488-meter-long and 74-meter-wide floating facility left the…
Baltic Shipbuilding Plant “Yantar” (United Shipbuilding Corporation, Kaliningrad) has delivered the Admiral Makarov frigate, third ship of Project 11356, to Defence Ministry of the Russian Federation. According to the shipyard, the acceptance/delivery certificate has been signed today…
Japan’s Kawasaki Heavy Industries (KHI) diverts more shipbuilding work to its joint-venture yards in China, local media says. According to a report in Nikkei, KHI will step up commercial shipbuilding in China and scale down production in…
Four giant new container vessels will join Iran's shipping fleet next year. With the arrival of these vessels, the rank of the national shipping fleet in the work will rise to 16 from 20 at present, chairman of the Islamic Republic of Iran Shipping (IRISL) Mohammad Saeedi was quoted as saying…
At the current rate of carbon emissions of about 35 to 40 gigatons a year, scientists are estimating that the Arctic could become ice-free within the next 20 years, Suptnik reported quoting National Snow and Ice Data Center (NSIDC) in Boulder…