Chembulk Tankers announced that one of its wholly owned subsidiaries, Chembulk Holding LLC, has priced USD 200 million in senior secured bonds which will carry a coupon of 8.00% and be due in February 2023. The net proceeds from the bond…
Aegean Bunkering Pte Ltd on Friday said it had this week left the world's largest marine fuels market in Singapore after handing back its supply and craft operator licences. The company had announced in October that it would halt physical…
Tanzanian President John Magufuli on Friday put a temporary ban on the registration of foreign ships in the country and ordered over 400 vessels to be investigated for allegations of involvement in criminal activity.The ban came after at…
The Liberia Maritime Training Institute (LMTI) was officially opened by Liberia President Ellen Johnson-Sirleaf during an inauguration ceremony in Marshall City, Liberia, on January 5.The facility is named after John G Bestman, former Liberian…
The Baltic Exchange's main sea freight index fell on Friday and continued to linger around five month lows as the capesize segment recorded its biggest weekly percentage decline in two years. The overall index, which factors in rates for capesize…
South Africa’s competition watchdog becomes final signatory allowing Kawasaki Kisen Kaisha (K Line), Mitsui O.S.K. Lines (MOL ), Nippon Yusen Kabushiki Kaisha (NYK ) merger, so that Joint venture (JV) can start operations on April 1. 'K Line…
Wallem Ship Agency has been appointed by G2 Ocean to provide Ship Agency services to all their vessels calling in ports in SE Asia. The agreement has been made with Wallem Ship Agency in Singapore, Malaysia, Thailand, Philippines, Vietnam, and Myanmar…
The digital naming of the MR tanker Stena Immortal took place January 18 at Stena's new office in Hellerup in the north of Copenhagen.The 50,000 dwt Stena Immortal was built at the Guangzhou Shipbuilding International (GSI) shipyard in southeast…
The London-based Global Ship Lease (GSL) said that it is well-positioned as one of few publicly listed containership leasing companies to acquire attractive portfolios of ships, attract growth capital or find a complementary merger partner…
European Commission published a Proposal for a Regulation establishing a framework for screening of foreign direct investments into the European Union and a Communication entitled “Welcoming foreign direct Investment while Protecting Essential Interests” on 13 September 2017…
Norway based dry bulk shipping company Golden Ocean Group Limited (GOGL) has taken delivery of the second vessel, Sea Monterrey (to be renamed Golden Monterrey). On October 16, 2017 GOGL announced that it has entered into agreements to…
Product tanker MT Barrett has been released and all crew are safe following a six-day piracy incident in the Gulf of Guinea, U.K. based Union Maritime has confirmed.Union Maritime said it lost communications with its 11,999-dwt product tanker while the vessel was at anchor off Benin…
An oil leak and resulting fire on an oil pipeline in Russia's Saratov region may affect the loading schedule for Russian crude exports, Igor Dyomin, a spokesman for oil pipeline monopoly Transneft, told reporters. Dyomin said that oil flows…
Hawai‘i Gov. David Ige and the Hawai‘i Department of Transportation (HDOT) Harbors Division broke ground for the Kapālama Container Terminal project, the largest capital improvement project in the history of the state’s commercial harbor system…
BMT has appointed Guy Tomlinson as Group Capability and Strategy Director. Tomlinson joins BMT from QinetiQ where he led a 35-strong business development team as UK Sales Director. He brings to the role experience from across the maritime…
