A hijacked Malaysian coastal tanker has been recovered by the prompt actions of the Malaysian Maritime Enforcement Agency (MMEA) off the coast of Malaysia.The owners of the Malaysian tanker lost contact with the tanker at 2200 hours on 28 January 2015…
Scorpio Tankers Inc. has taken delivery of STI Veneto, an LR2 product tanker from Hyundai Samho Heavy Industries Co., Ltd. This vessel will begin a voyage for 60 days at approximately $32,000 per day.With this Scorpio Tankers owns 63 tankers (nine LR2 tankers…
Lead industry negotiator Royal Dutch Shell Plc said on Thursday it was 'optimistic' a new three-year agreement could be reached with a union representing hourly workers at 63 U.S. refineries that account for two-thirds of U.S. refining capacity…
THOME Group informs it has become the first ship management company to achieve Eco-Office certification in Singapore after completing an environmental audit throughout its Singapore offices. According to THOME Group , the award recognizes…
NewLead Holdings Ltd. announced today that it recently added five bitumen tanker vessels to its fleet. The Company has expanded its fleet to 10 vessels in less than a year while performing on its strategy to capitalize on opportunities that arise in the market…
Sino-Global Shipping America, Ltd. a shipping agency, logistics and ship management services company, today announced that it has entered into a Memorandum of Understanding (the 'MOU'), between the Company and Rong Yao International Shipping Limited…
A new BIMCO clause provides a simple, practical and commercial solution focusing on the basic obligations and responsibilities of owners and charterers when dealing with the Asian Gypsy Moth (AGM).The spread by ships of AGM poses a severe…
Euronav NV announced today the upsizing and pricing of its initial public offering in the United States. The size of the offering has been increased from the initially announced 13,550,000 ordinary shares to 16,260,000 ordinary shares at an issue price per share of USD 12…
The Great Eastern Shipping Company Ltd. (G E Shipping) delivered its 1990-built Very Large Gas Carrier “Jag Vidhi” (49,701 dwt) to the buyers on 21st January, 2015. The company had contracted to sell the ship in July 2014. After the delivery of the vessel…
Gary Smith will take over as CEO of Golar LNG limited, taking over for Doug Arnell, who will step down on February 1, 2015. Smith brings a track record of leadership and operational management in the mid-stream oil and gas, shipping and LNG businesses…
GE Power Conversion receives first order in Japan from Kawasaki Heavy for electric propulsion motor equipment for LNG vessels GE’s Power Conversion business has received a new order from Kawasaki Heavy Industries, Ltd. for electric power and propulsion systems for two LNG carriers…
Meriaura Group to strengthen its position in the market by increasing its cargo fleet. The company has ordered a Dutch Royal Bodewes shipyard two VG EcoCoasterTM -kuivarahtialusta, both a carrying capacity of 4700 tons. The new building contracts were signed in December in Turku…
Aker Philadelphia Shipyard, Inc., held a naming ceremony earlier today for the second of two tankers being constructed for SeaRiver Maritime, Inc. (SeaRiver), Exxon Mobil Corporation’s U.S. marine affiliate. Political guest speakers included Governor Tom Corbett…
Dorian LPG Ltd. a leading owner and operator of modern Very Large Gas Carriers ('VLGCs'), today announced that is has received commitments for up to $761 million of debt financing for its VLGC newbuilding program. ABN AMRO Capital (USA)…
Eagle Bay, the second of two new U.S.-flag crude oil tankers for Exxon Mobil Corporation’s marine affiliate SeaRiver Maritime, Inc., was named at a ceremony at Aker Philadelphia Shipyard. The first-in-class vessel constructed at the shipyard incorporates the latest safety…
