Singapore's First Ship Lease (FSL) Trust said that it has sold containership, FSL Santos for $6.2 million to reduce its debt service requirements for the fourth quarter. A press release from the company stated: FSL Trust Management, as trusteemanager of First Ship Lease Trust…
Apeejay Shipping, an Apeejay Surrendra Group company, has announced the acquisition of a 76,602 MT DWT Gearless Panamax, Japanese build. The ship is renamed ‘APJ ANGAD 2’. The acquisition takes its total fleet capacity to 5,18,018 MT DWT with an average fleet age of 12…
Eagle Bulk Shipping, through its wholly-owned subsidiaries Eagle Bulk Shipco and Eagle Shipping LLC, has entered into a series of refinancing transactions, including the repayment in full of Eagle Shipping’s outstanding first and second lien credit facilities…
Mitsui O.S.K. Lines (MOL) has announced that the company held the 2017 commendation ceremony for the 'MOL Presidential Awards for Officers and Engineers 2017' on December 8. The awards are intended to recognize the ongoing safety-related…
At about 1930 hours on 10 December 2017, the Maritime and Port Authority of Singapore (MPA) was informed by Johor’s Maritime Rescue Sub Centre that two men had been reported to be missing after their sampan capsized earlier at about 1630 hours…
The Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia (ReCAAP) Information Sharing Centre and the Indian Coast Guard have commenced the 2017 Capacity Building Workshop in New Delhi, India. Themed “Striding Over Domestic Challenges…
The former chairwoman Choi Eun-young (55) of the now-defunct Hanjin Shipping was jailed 18 months for insider trading, reports Yonhap. According to the report the Seoul Central District Court found Choi guilty of selling off her family…
On 8 December 2017, the icebreaking LNG carrier Christophe de Margerie completed her first loading at the Port of Sabetta, on the Yamal Peninsular, with her first cargo of liquefied natural gas (LNG) produced at the Yamal LNG plant. The…
Emirates Global Aluminium, the largest industrial company outside oil and gas, has signed a long-term port facility agreement with Abu Dhabi Ports to use some of the world’s largest bulk cargo vessels to import raw materials through Khalifa Port…
Maritime regulation should be made more flexible if it is to support the development of autonomous ships. A new report published by The Danish Maritime Authority (DMA) identifies where changes in maritime regulation are needed. The report…
The port of Antwerp is to invest 1.4 million euros over the next three years in projects aimed at making port-generated freight traffic smoother and more efficient. The seven projects that have been selected for financial support will together reduce the number of truck trips by up to 250…
Christophe de Margerie, the icebreaking LNG carrier built to order for SCF Group (Sovcomflot) to serve the Yamal LNG project, has won the award for Engineering Project of the Year at the 2017 S&P Global Platts Global Energy Awards. The winners…
Shanghai Yangshan port, the world's busiest container port, has completed the latest part of its fourth-phase expansion for pilot operation, state media reported on Sunday. The port on Sunday started operating the newly installed 10 bridge cranes…
State-owned China Energy Reserve and Chemicals Group (CERCG) on Monday said it is investigating whether to ship liquefied natural gas (LNG) from Western Australia to the gas-hungry east coast market. The Chinese integrated energy firm, which runs oil and gas projects…
BIMCO’s Secretary General & CEO, Angus Frew, will extend his contract to the end of 2022. His top priority in 2018 will be environmental legislation. Over the past four years, Frew has been instrumental in modernising BIMCO and in increasing its member-focus…
