Golar LNG Partners has agreed with the charterer of the Golar Freeze FSRU, Dubai Supply Authority (DUSUP) certain amendments to the existing time charter that was due to end in May 2020. DUSUP have two FSRU's on contract and do not currently…
South African state-run transport and logistics company Transnet said on Wednesday it had suspended senior officials after external auditors flagged 'reportable irregularities' to their regulatory body. Transnet's admission comes a day after…
HSH syndicate, comprising HSH Nordbank and DBS Bank, has approved the sale of the remaining nine of 14 vessels of Singapore-based Rickmers Trust Management for some $54 million to Navios Partners Containers and Navios Partners Containers Finance…
The past couple of months have been chock-a-block full of maritime activity in the international container trades. As the Big-3 Japanese Lines remain still on track to spin-off their container business units into a single standalone container carrier company…
After two weeks' intensive debate in the International Maritime Organization (IMO) , steps have been taken towards specific measures to reduce shipping's greenhouse gas emissions, says a statement from Danish Maritime Authority (DMA). However…
Orient Overseas International (OOIL) and its container unit OOCL have a good track record for above-average profits in a challenging market and a reputation for being a very well-run company, earning the moniker “The Perfect Bride” by Drewry Maritime Financial Research…
The Suez Canal Authority is committed to a ban on allowing Qatari ships to dock in ports within the Suez Canal’s economic zone, Ahram reported as chairman Mohab Mamish saying. In press statements on Friday, Mamish said that Egyptian ban…
International Maritime Organization (IMO) has agreed to take steps that could lead to a phase-out of the use of heavy fuel oil (HFO) in Arctic shipping following an appeal from the Government of Canada, Indigenous participants and testimony from WWF-Canada…
Turkish port operator Yildirim Holdings AS has announced plans to sell its 24 percent stake in the French shipping major CMA CGM, Bloomberg reported. The company mandated China Citic Bank Corp. to find investors from Asia or the Persian…
Daewoo Shipbuilding & Marine Engineering (DSME) will sell the subsidiary of Mangalia Shipyard Romania to a Dutch builder Damen Shipyard Group, reported local media. Damen already owns in Romania a shipyard in Galati. Korea Economic Daily…
Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, has announced that it has agreed to refinance its existing loan facility with Diana Containerships, having an outstanding balance of US$42.6 million…
Hapag-Lloyd AG, a leading global container shipping company, launched a euro bond offering with a volume of EUR 300 million and a maturity of seven years. The proceeds will be used for the early redemption of the company’s euro bond due…
Kawasaki Kisen Kaisha (K Line), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kabushiki Kaisha (NYK) announced the establishment of a holding company and an operating company, for the integration of the three companies' container shipping businesses…
The Cyprus Chamber of Shipping has hailed the unanimous decision by MPs to forward for a vote the legislation that will define three new branches of the executive – shipping, tourism and development, reports Financial Mirror. The report…
Mitsui O.S.K. Lines (MOL) announced it has signed a long-term charter contract for four liquefied natural gas (LNG) carriers with the tank capacity of 174,000m3, which will be delivered and serve on Yamal LNG project in 2019 and 2020 onward…