Star Bulk Carriers, a global shipping company focusing on the transportation of dry bulk cargoes, has announced that it has entered into a definitive agreement to acquire a Supramax dry bulk carrier from an unaffiliated third party. The acquisition…
Nigeria's Sirius Petroleum has said that it is in talks with BP, regarding an offtake and pre-payment facility to support the financing of Sirius's proposed drilling programme on the Ororo field in Nigeria. According to the company, the…
Marshall Islands based Hunter Maritime Acquisition revealed it has “mutually agreed” with Germany’s Oskar Wehr to terminate the master agreement and the memoranda of agreement (MOA) related to the acquisition of five Capesize dry bulk carriers…
The Indian Union Minister of Shipping Nitin Gadkari has said that an investment of INR 2500bn (USD 39bn) is being made in Tamil Nadu under Sagarmala program. Of this Rs.39,000 crore will be for port modernization, Rs.55,000 crore for port connectivity and Rs…
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…
Kuehne + Nagel has expanded its sustainability offering for global seafreight services: As of May 2017, the total amount of CO2 emissions generated by seafreight ship-ments is printed on each invoice assisting shippers to identify their carbon footprint from transport operations…
The flagship programme of Indian Ministry of Shipping – Sagarmala, has moved from the conceptualization and planning to the implementation stage. The Sagarmala project is introduces to harness India's 7,500-km coastline will promote port-led development in the country…
Colombia's government said on Tuesday it has reached a deal with community leaders in the Pacific port city of Buenaventura to lift a 21-day civil protest that halted exports of coffee and other goods.Residents demanded more funding for the violent and poverty-stricken city…
Region's largest bunkering hub shuns Qatari vessels; affected shippers may face delays, higher costs. The costs of Qatari energy and commodity exports are likely to rise as the United Arab Emirates' ban on Qatari vessels cuts the ships off from the region's main refuelling port…
South Korea’s shipbuilders are expected to recover this year after suffering from a global industrywide slump, reported The Korea Economic Daily. The report said that Hyundai Heavy Industries (HHI) and Samsung Heavy Industries (SHI) have…
For years, SUNY Maritime College’s annual Admiral’s Scholarship Dinner has helped to raise support to fund student scholarships. This year, in addition to setting an attendance record, it also set a record for donations. Jim Lawrence, chairman…
Transnet National Ports Authority in the Port of Durban is offering new lease agreements for more than 30 properties and operational sites in the Port’s Ship Repair and Bayhead Precincts. The commercial sites, which will be leasable for a minimum of five years…
Glander International Bunkering has hired Nicolai Rosendahl Mortensen, as Bunker and Lubricant Trader in its Dubai office.Mortensen was born and raised in Esbjerg, South West Denmark and is not new to the industry, bringing with him over three years of bunkering experience…
Teekay Tankers has agreed to acquire all the remaining issued and outstanding shares of Tanker Investments (TIL), in a share-for-share merger at an exchange ratio of 3.30 Teekay Tankers Class A common shares for each TIL common share. Teekay Tankers currently owns 3…
