Japanese firms NYK and Kyushu Electric Power Co. Inc. say they have reached an agreement to partner in various fields, including liquefied natural gas (LNG) transport. According to NYK, the agreement will allow Kyushu Electric Power to use…
The latest IMOIIMAX tanker to be delivered, Stena Impeccable, was officially named during a ceremony in the Port of Rotterdam. The vessel’s godmother was Trintje Margaretha Oosters, from Dutch RVB Company with which Stena Bulk and Stena Weco have a long-lasting relationship…
Many key drivers for dry cargo demand have reported a significant uptick in 2017, resulting in improving conditions for all vessels in the multipurpose shipping sector, according to the latest Multipurpose Shipping Market Review and Forecast report published by global shipping consultancy Drewry…
Tanker and dry bulk vessel newbuild contracts have been signed at an increasing pace so far in 2017, with newbuild activity for the first half of 2017 surpassing the same period last year by 20 percent. According to BIMCO, 5.9 million DWT was contracted in May 2017 and 3…
Statoil ASA and petroleum and chemical tanker owners and operator AET are extending their partnership in the North Sea shuttle tanker sector. Statoil has, awarded a long-term contract to AET, a subsidiary of Malaysian energy shipping group…
Two shipping companies based in Egypt and Singapore will pay $1.9 million in penalties after pleading guilty in federal court to violating the Act to Prevent Pollution from Ships (APPS) and obstruction of justice for covering up the illegal…
Shipping confidence reached its equal highest rating in the past three years, according to the latest Shipping Confidence Survey for the three months to end-May 2017 from international accountant and shipping adviser Moore Stephens. The…
Urals crude oil exports from Russian Baltic Sea ports are set to fall by 0.3 million tonnes on July 1-12 compared to the same period of June, or to 2.1 million tonnes, the preliminary loading plan seen by Reuters showed on Wednesday.On a…
The JSC Latvian Shipping Company subsidiary LSC Shipmanagement (LSCSM) supplemented the fleet under its full technical management with a newbuilding “Elandra Falcon”, which is the 25th tanker managed by LSCSM. The new tanker is intended for transportation of oil products…
Active Shipping is teaming up with Marlink and its regional partner Ozsay Satellite Communications to move into the world of high-speed maritime broadband and ship digitalization. By installing Marlink’s Sealink Global VSAT service combined with the XChange digital solutions platform…
The Baltic Exchange is looking into launching freight indexes for grains and liquefied natural gas (LNG) as the London-run business targets new markets after its acquisition by Singapore Exchange last year, the Baltic's chief executive said…
Sinochem Shipping Co.Ltd. has signed a long-term agreement with Seagull Maritime to deliver earning on board its entire fleet of chemical tankers.Sinochem will start with a selected library of e-learning modules and reflective learning films for their fleet…
With an average age of 23.8 years, the fleet of very large ore carriers (VLOC) converted from very large crude carriers (VLCC) is vintage compared to the average age of 5.7 years for non-converted ore carriers above 200,000 DWT, according to BIMCO…
Dorian LPG Ltd., owner and operator of very large gas carriers (VLGC), said it has entered into a $97 million bridge loan agreement with DNB Capital LLC. The proceeds of the Bridge Loan were used to repay the remaining outstanding debt of $98…
Abu Dhabi port authorities have eased restrictions on oil tankers going to and from Qatar, according to industry sources and shipping circulars seen by Reuters on Wednesday.Abu Dhabi Petroleum Ports Authority issued a new circular on Wednesday removing previous restrictions on non-Qatar owned…