Cosco Energy Transportation has entered into the Agreements with Dalian Shipbuilding Industry Company Limited for the construction of the Very Large Crude Carriers (VLCCs) and the Suezmaxs. The total consideration for the construction of the VLCCs and the Suezmaxs is RMB 3…
Bahri, a global leader in transportation and logistics, is very optimistic about the future of the oil tanker market and it believes that there will continue to be demand for this market, said Mohammed Al-Sarhan, Vice Chairman of Bahri, who possesses extensive experience in oil and gas…
A consortium behind a liquefied natural gas (LNG) import project in Pakistan, including oil giant Exxon Mobil, France's Total and Qatar Petroleum, has been dissolved, shipping company Hoegh LNG said on Thursday. Hoegh LNG was due to supply the project's ship-based import terminal…
Japan’s shipping major Kawasaki Kisen Kaisha (K-Line) has expanded its fleet as it took delivery of the 311,000 dwt very large crude carrier (VLCC) Kisogawa on November 15. Kisogawa, which was constructed by China’s Nantong Cosco KHI Ship Engineering (NACKS)…
Chevron's Gorgon liquefied natural gas (LNG) export facility in Australia shut down its third production unit on Wednesday for a planned maintenance lasting up to Dec. 25, trade sources said. Chevron declined to comment on operational matters…
Tsakos Energy Navigation Ltd (TEN) has reported the delivery of the ice-class Aframax tanker Bergen TS, the last in the 15-vessel, pre-employed on long-term business, growth program, which increased the size of TEN's fleet by 30 percent over the last 18 months…
Global ship management company OSM Maritime Group said it has been awarded full crew management of Lauritzen Kosan’s entire fleet of liquefied gas tankers, including 26 refrigerated ethylene, semi-refrigerated and pressurised gas carriers. OSM’s…
There are “solid signs” of restrained fleet expansion, matching world seaborne trade growth more closely, although not in all sectors. This was the message delivered by Richard Scott MA MCIT FICS, managing director of Bulk Shipping Analysis…
MarTID – the Maritime Training Insights Database -- a historic initiative to study global maritime training practices -- launches today.There is broad agreement that as much as 80% of maritime accidents involve human factors causes. As such…
DHT Holdings, Inc. said it has appointed Susan Reedy to its board of directors as a Class I Director with a term expiring at the company's 2020 annual shareholders meeting. In connection with Reedy's appointment, the company's board has increased to six directors…
Two Hamburg tank container experts have developed a new comprehensive service package. The Hamburger Container- und Chassis-Reparatur Gesellschaft (HCCR) and the container service provider CONDACO are combining their expertise and years of experience to offer all aspects of cleaning…
Hafnia Tankers has successfully completed its first sale and leaseback in the Japanese market through the sale and leaseback of its 2010 built LR1 tanker, MT Hafnia Africa. The Vessel has been sold to a large Japanese private ship owning…
Samsung Heavy Industries (SHI) successfully completed Geoje-shipyard portion of the world's largest sized Egina FPSO. The gigantic floater left for Nigeria on 31th October 2017. SHI has now fulfilled successful delivery or sail-away of three massive offshore projects as scheduled…
Chembulk Tankers appointed David Ellis as Chief Executive Officer (CEO), succeeding Jack Noonan who will retire after 10 years of leading the team at Chembulk Tankers. Effective November 1, 2017, Jack will take on the role of CEO Emeritus…
As the maritime world increasingly turns to unmanned and autonomous systems to carry out difficult and dangerous work, one drone innovator has received certification from a leading classification society to this end. Cyberhawk Innovations…