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…
Ocean Tankers, the provider oil tanker shipping and chartering services to oil companies and trading houses, has ordered six handy-sized tankers to be built at the Chinese shipbuilding facility Fujian Mawei Shipbuilding, said a report in Reuters…
Product tanker MT Barrett has been released and all crew are safe following a six-day piracy incident in the Gulf of Guinea, U.K. based Union Maritime has confirmed.Union Maritime said it lost communications with its 11,999-dwt product tanker while the vessel was at anchor off Benin…
An oil leak and resulting fire on an oil pipeline in Russia's Saratov region may affect the loading schedule for Russian crude exports, Igor Dyomin, a spokesman for oil pipeline monopoly Transneft, told reporters. Dyomin said that oil flows…
Nordic American Tankers has announced that it entered into an one-year term charter with the major Spanish oil company Cepsa for a ship. The company says is the 2004 built Nordic Castor is expected to be delivered on the time charter in late February for a contract of up to 15 months…
Danish shipping firm Dampskibsselskabet Norden A/S said its unaudited and preliminary results indicate an adjusted result for 2017 in the range of $20 million to $35 million, up from previous expectations of -$10 to $30 million. Norden…
Elengy, a unit of the French energy company and LNG player Engie, said that the LNG receiving terminal in Montoir-de-Bretagne, managed by the company, has just performed a new generation LNG transshipment. The ice-class LNG carrier Fedor…
The Baltic Exchange is looking into launching a freight index for liquefied natural gas (LNG) and is working with leading ship brokers to explore potential shipping routes that might be used as the LNG market grows, the company said on Thursday…
Swedish tanker owner Concordia Maritime has chartered in two more MR (ECO) vessels, while also extending the contracts for two of the currently chartered MR (ECO) vessels by a further year. A contract to charter out the P-MAX tanker Stena Performance has also been signed…
Greece-based Tsakos Energy Navigation (TEN) has announced that it has sold for $65.2 million gross, through a five-year sale and leaseback transaction, the 2005-built Suezmax tankers Eurochampion 2004 and Euronike. The sale proceeds have been used to reduce debt and add $16…
