Pangaea Logistics Solutions, a global provider of comprehensive maritime logistics solutions, announced that it has signed a memorandum of agreement to acquire the 2006 Imabari-built panamax M/V Madeleine for $14.2M to enhance the company's bulk fleet…
The JSC Aston, one of Russia's largest producers of foodstuffs and ingredients, and is a leading exporter of agricultural goods and vegetable oils, has signed the contracts with two Chinese shipyards for a construction of 4 ships. Addressing…
Orient Overseas International (OOI) has announced a profit attributable to equity holders for 2017 of US$137.7 million, compared to a loss of US$219.2 million in 2016. Earnings per ordinary share in 2017 was US22.0 cents, whereas loss per ordinary share in 2016 was US35…
National Shipping Company of Saudi Arabia (Bahri) has taken delivery of Khurais, a very large crude carrier (VLCC), from Korean Hyundai Samho Heavy Industries (HSHI). Industry leader adds fourth VLCC this year, bringing its total number of vessels to 92…
Greece-based Euroseas announced the sale of M/V Monica P, a 46,667 dwt vessel, built in 1998, to unaffiliated third party for the gross amount of $6.45 million. The owner and operator of drybulk and container carrier vessels and provider…
Chilean maritime services and logistics company SAAM announced its plans to invest some $85 million to reinforce its tug fleet and maintain port equipment and infrastructure. 'In 2018, we expect to invest close to $85 million, which will be…
Norwegian shipowner Ocean Yield ASA took delivery of newly-built handysize dry bulk vessel 'La Fresnais' and 'Interlink Amenity'. In press release, Ocean Yield said that it took the delivery of the 2018 built handysize dry bulk vessel 'La Fresnais' on April 10…
Samsung Heavy Industries(SHI) revealed on March 5, 2018 that one 180K ㎥ LNG carrier newbuilding has been approved by the board of an overseas owner. The contract, is subject to agreement on the shipbuilding contract terms, which are scheduled to be agreed by March 9…
Samsung Heavy Industries(SHI) revealed on April 4th that a contract for two 174,000㎥ LNG carriers on BOD approval term. The price is 184 million USD per vessel(around KRW 195 billion). The latest LNGCs would be delivered in July and October 2020…
Swedish shipping company Furetank Rederi AB, a part of the Gothia Tanker Alliance, has taken delivery of its latest vessel, Fure Vinga, the first in a series of six 17.999 DWT product tankers with LNG operation. 'We welcome Fure Vinga to our alliance…
Oslo based ship owner MPC Container Ships ASA said it has reached a deal to acquire SITC Makassar, a 2,496 TEU vessel built in 2006 in Germany. The vessel, to be renamed AS Patricia, will be acquired for $9.9 million, including initial working capital…
Monaco-based international shipping company Scorpio Bulkers said it has received a commitment for a loan facility of up to $12.75 million from a leading European financial institution to finance the Company’s Kamsarmax bulk carrier. The…
India's largest private sector shipping company which mainly transports liquid, gas and solid bulk products Great Eastern Shipping Company Limited (GE Shipping) signed a contract to buy a secondhand Very Large Gas Carrier (VLGC) of about 81…
On April 2, No.13 and No.14 111,000 DWT Oil Tankers launched successively from NTS drydock, both of which are built for Frontline. New Times Shipbuilding's CEO Liu Haijin and the representatives from the owner and ABS attended the launching ceremony…
Government of Greenland owned shipping company Royal Arctic Line A/S has signed a contract with Spanish shipbuilder Zamakona Yards for the construction of two reefer ships with and the concept design will be conducted by the norwegian company Havyard…
