The National Shipping Company of Saudi Arabia (Bahri) received a very large crude carrier (VLCC) named “Lawhah” on Thursday, the company said. 'Continuing its strong start to 2018, Bahri accepted the delivery of ‘Lawhah to further cement its market-dominant position in crude oil transportation…
The Stamford, Connecticut-based Dorian LPG has reached a sale and bareboat charter arrangement for its 84,000 cbm carrier Concorde. The liquified petroleum gas shipping company entered into the USD 70 million deal that closed on January 31…
Chemical tankers are sailing into another challenging year, according to the London based chemical carrier, tank container and terminals group Stolt-Nielsen's Chief Executive Officer, Niels G. Stolt-Nielsen. 'Our outlook for the first half of 2018 remains essentially unchanged…
South Korean shipping company Hyundai Merchant Marine (HMM) has signed a long-term crude oil shipping contract with compatriot oil refiner GS Caltex. A press release from HMM said that the KRW190 billion (USD 180 million) contract will…
Oil and related shipments from Georgia's Black Sea port of Batumi in January were down 34 percent from a year earlier, an official at the terminal, operated by Kazakh KazMunaiGas , said on Thursday.The official gave no reason for the fall…
Croatia will pass a special law to speed up the construction of a liquefied natural gas (LNG) terminal in the northern Adriatic, Prime Minister Andrej Plenkovic said on Thursday. Croatia produces more than half of its gas consumption, some 2…
Greece-based international diversified shipping partnership Capital Product Partners announced the completed acquisition of the M/T ‘Aristaios’, as well as the sale of the M/T ‘Aristotelis’ and the acquisition of the M/T ‘Anikitos’. On January 17…
Increasing vessel supply will keep LNG charter rates under pressure in 2018, despite strong growth in trade, according to the latest edition of the LNG Forecaster report published by global shipping consultancy Drewry. Drewry’s short-term…
Electricite de France (EDF) has offered up to three billion cubic metres of annual regasification capacity at the Dunkirk liquefied natural gas (LNG) import terminal for 18 years from Jan. 1, 2019, it said in a market notice.The terminal's…
Kuwait Oil Tanker Company (KOTC) has signed a contract with South Korean shipbuilder Hyundai Heavy Industries (HHI) for three very large gas carries (VLGC). The three 84,000 cbm LPG carriers are expected to start delivery in 2019. The contract worth USD 213…
Liquefied natural gas tanker BW GDF Suez Brussels is due to arrive at the port of Rotterdam on February 18, Reuters shipping data show. The tanker has a capacity of 159,300 cubic metres.(Reporting by Lefteris Karagiannopoulos; editing by Jason Neely)
Singapore-headquartered vessel owner AET Tankers - a subsidiary of Malaysia's MISC Berhad - has named and welcomed four newbuild tankers into its fleet in two separate ceremonies at South Korean shipyards. At Samsung Heavy Industries, Geoje…
Jefferies optimistic on stocks of LNG, LPG and dry bulk shippers With spot rates at 4-year highs, brokerage says, 'we believe additional LNG liquefaction terminals will continue to stimulate LNG shipping demand above and beyond LNG shipping…
Reefer trades have something of a reputation for volatility both in terms of volumes and freight rates, yet Drewry’s Global Reefer Freight Rate Index has recorded only increases over the last 12 months, even during off-peak seasons. “The recent wave of carrier consolidation…
Production at Cheniere Energy's Sabine Pass liquefied natural gas (LNG) export plant in Louisiana is running well below capacity, resulting in disruption to cargo loadings, trade sources said.Feed gas supply into the liquefaction plant plunged sharply during the weekend…
