Nicolas Saverys-led Exmar has agreed to integrate its LNG assets and infrastructure with those of John Fredriksen’s Geveran and Flex LNG under a new USD 2.3 billion company – Exmar LNG Ltd. Belgian liquefied natural gas (LNG) carrier owner…
China COSCO Holdings Co Ltd says it has received ship scrapping subsidies for about 3.96 billion yuan ($638.71 million). It came through China Ocean Shipping, the controlling shareholder of the company, for the decommissioning and upgrading of vessels…
The Singapore Shipping Association (SSA) has named Asian shipping veteran Esben Poulsson as its new president, succeeding Evergreen’s Patrick Phoon. “I am honored and humbled to be appointed president of this active and vibrant organization…
Team Tankers International Ltd has appointed Hans Feringa as new President and CEO. Feringa is the former President of Stolt Tankers, a division of Stolt-Nielsen Limited. He succeeds Jens Grønning, who has left the Company. 'Under Jens' leadership…
Overall confidence levels in the shipping industry fell during the three months to May 2015 to a level equal to the lowest rating recorded in the past seven years, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens…
Harlingen-based SeaZip Offshore Service has entered into a partnership agreement with Heerema Marine Contractors (HMC). HMC, the world's market leader in transporting, installing and dismantling offshore oil and gas installations, has contracted…
Global Ship Lease, Inc. has agreed to extend the time charter for the Ville d'Orion, a 1997-built, 4,113 TEU vessel currently on charter with Sea Consortium Pte Limited, doing business as X-Press Feeders. The extension is to between November 26…
As the demand for mega vessels has increased, Hyundai Heavy Industries Co. expects mega- sized container ships to lead global orders until early next year as shipping companies seek ways to cut costs, reports Bloomberg. Hyundai Heavy is the world’s biggest shipbuilder…
Gujarat Pipavav Port (APM Terminals Pipavav) has resumed operations following improvement in weather conditions. Last week, the port operations were suspended due to the cyclonic weather conditions and breakdown of power supply and communication…
Most the major Greek-controlled and listed carriers are registered in Greece, and they all have their liquidity placed in banks abroad. Morgan Stanley analyst Fotis Giannakoulis noted that 'nearly 20 percent of the global fleet is controlled by Greek owners and is managed out of Athens…
Port of Savannah set records for both container volumes and total tonnage in May, with the highest tonnage ever recorded in a single month. The Port of Savannah has handled more than 338,000 TEUs, the Georgia Ports Authority said Monday…
Coal, oil and gas workers need a secure future as the world moves away from fossil fuel use, and governments and companies must plan to ensure any new global climate change deal is fair for all those impacted, a top trade unionist said.So…
Dalian Shipbuilding Industry Corporation (DSIC) has announced an order win for two 319,000 dwt VLCCs and five 72,000 dwt product tankers from Cosco Dalian, the tanker shipping arm of China Cosco Group. The financial details of contract were not disclosed…
Cheniere concluded its maiden LNG spot trade earlier this week at for late-July delivery to an Asian buyer, reports Platts quoting a source with direct knowledge of the deal. Sources told Platts that the maiden trade was completed at $7…
Several media outlets now report confirmations that Cosco is also targeting ultra-large vessels by ordering nine ships of 20,000 teu, with options for four additional vessels. It was confirmed that China’s Cosco has sealed deals for nine plus four options on 20…
