Connecticut-based maritime finance company FDX Offshore has acquired Singapore’s tanker pool operator Womar Logistics. Watson Farley & Williams (WFW) advised FDX Offshore on its acquisition.The partnership intends to expand its chemical tanker…
As car carrier shipping is expected to continue its slow recovery, backed by better utilization and minimal vessel ordering, costs are increasing while the trade outlook seems vulnerable to emerging geopolitical risk. Slow car carrier recovery…
A fire that spread across two oil tankers in a South Korean port injured 10 people on Saturday, coastguard and fire officials said, adding the blaze had largely been put out.An explosion occurred on the Stolt Groenland, a 25,000-tonne, Cayman Island-flagged oil tanker…
P&O FERRIES has signed a contract with Guangzhou Shipyard International Ltd worth $285 million for two new 230-meter super-ferries – the largest ever to sail between Dover and Calais – that will be operational by 2023. The contract includes options to build two further vessels by 2024…
German-based cargo container shipping line, Hapag-Lloyd AG expects Indian container market to grow further and it launches two new services.'In response to growing demand, Hapag-Lloyd will offer more services from and to India. Two new services…
Monaco-based petroleum products shipping firm Scorpio Tankers has signed a deal to acquire 19 product tankers from Trafigura Maritime Logistics for around $803 million.The acquisition of the leasehold interest in the vessels includes a finance…
Japanese carrier Ocean Network Express (ONE) confirmed reports that its chartered containership ONE Blue Jay came into contact with a chemical tanker near Port of Perama, Piraeus, Greece, at around 2 p.m. local time on Thursday.'There are no reports of pollution from ONE Blue Jay…
Hunter Tankers, a wholly owned subsidiary of the Norwegian investment company Hunter Group, has taken delivery of its first of seven identical ECO design VLCC newbuildings, the Hunter Atla.The vessel was handed over from the South Korean shipbuilding…
Topaz Energy and Marine, the offshore support vessel company providing marine solutions to the global energy industry, and ABS have, together with the State Maritime Agency under the Ministry of Transport, Communications and High Technologies of the Republic of Azerbaijan (ASMA)…
MAN Energy Solutions has joined a new climate grouping, dedicated to developing zero-emission vessels by 2030 in connection with the UN Climate Action Summit.The ‘Getting to Zero Coalition’ is a partnership between the Global Maritime Forum…
Switzerland-based global transport and logistics company Kuehne + Nagel International AG has launched a Net Zero Carbon program that will aim to reduce the environmental impact of supply chains.In addition to the continuous reduction of its own CO2 emissions…
Cochin Shipyard Limited (CSL), the largest shipbuilding and maintenance facility in India, announced the Keel Laying ceremony of Marine Ambulance boats being built for the Department of Fisheries, Government of Kerala.Mrs. J Mercykutty Amma…
Canadaian provider of marine transportation services Algoma Central Corporation has reached an agreement with 3Maj Brodogradiliste of Croatia under which Algoma will acquire a new Equinox Class 650’ self-unloading dry-bulk carrier upon completion of the vessel by the Shipyard…
The LNG tanker Ramelia has been delivered to the chemical tankers in Northern Europe Rederi AB Älvtank, becoming the sixth of eight vessels ordered in the Gothia Tanker Alliance series.The vessels are built on a design where FKAB Marine design…
The Finnish shipbuilder Rauma Marine Constructions (RMC) won the contract from the Finnish Ministry of Defence for the construction of four new Pohjanmaa-class naval vessels, for the total cost of EUR 1.3 billion.The design phase will resume…
