Egypt will keep its ports running for 24 hours a day, up from 16 currently, in an effort to cut down on 'long waiting times' for shipments, Transportation Minister Hesham Arafat said on Wednesday. The extended port hours will not come at any added cost for shippers…
GTT, Lloyd's Register (LR) and Dalian Shipbuilding Industry Corporation (DSIC) today launched the second phase of the '30,000m³ B-FREE LNG carrier' Joint Development Project (JDP). A meeting was held today at Lloyd's Register premises in Shanghai to commence Phase II of the project…
Crowley Alaska Tankers, LLC, has completed its acquisition of three tankers from SeaRiver Maritime Inc. and is now chartering the vessels back to SeaRiver under varying multi-year terms.The tankers Liberty Bay and Eagle Bay, now under Crowley…
'The IMO has done something no one has done before: set an absolute target for emission reductions for an entire industry. It is a landmark achievement in the effort to reduce emissions, and something that every other industry should look to for inspiration…
Teekay Tankers Ltd. has launched a vessel dashboard portal called The Helm that is designed to give pool partners a transparent, real-time direct link to commercial, technical and market data pertaining to their vessels.For Teekay Tankers CEO…
Malaysian-owned global shipping company specialising in the ocean transport of crude oil and refined products AET Tankers and Shell International Trading and Shipping Company formalised arrangements for the long-term charter of AET’s two…
National Shipping Company of Saudi Arabia (Bahri) has taken delivery of Khurais, a very large crude carrier (VLCC), from Korean Hyundai Samho Heavy Industries (HSHI). Industry leader adds fourth VLCC this year, bringing its total number of vessels to 92…
A massive bulk carrier has crashed into an historic mansion on the shores of Istanbul's Bosphorus Strait after its steering equipment became locked, Al Jazeera reported quoting Turkish state media. The Maltese-flagged Vitaspirit, a 225-meter…
PAO Sovcomflot (SCF Group) informed that it has signed a new $252 million 7-year credit facility with a consortium of six leading international banks, which includes: ABN AMRO Bank; BNP Paribas; Citibank; ING Bank; KfW IPEX-Bank, and Société Générale…
GTT announces it has received at the end of March, an order from the South Korean shipyard Daewoo Shipbuilding and Marine Engineering (DSME) for the design of the LNG tanks of two LNG carriers (LNGC). Each offering a capacity of 173,400m3…
National Shipping Company of Saudi Arabia (Bahri) announced the transportation of the first chemical shipment from Aramco Trading Company (ATC), a wholly-owned subsidiary of Saudi Aramco that trades refined, liquid chemical and polymer products…
Team Tankers CEO, Hans Feringa, has resigned from the board of directors at Dampskibsselskabet NORDEN A/S following Team Tankers’ acquisition of a potential competitor to NORDEN’s tanker business.Team Tankers announced on Wednesday that…
GAIL (India) to begin getting liquefied natural gas (LNG) under reworked deal with Gazprom from May, India's oil minister Dharmendra Pradhan told lawmakers on Wednesday GAIL signed a 2.5 million tonnes a year LNG import deal with Gazprom…
U.S. Commerce Secretary Wilbur Ross said on Wednesday he expects trade actions between the United States and China will likely lead to a negotiated deal, but that it was unclear whether such talks would happen by the end of May or later. 'It…
Chinese importers expecting cargoes of U.S. commodities from beef to propane said they hope to sell the goods to South Korea or Japan after Beijing's decision to slap extra tariffs on a swathe of items from agricultural products to chemicals…