According to VesselsValue, the recent events have resulted in an increasingly pessimistic short term outlook for the Tanker market, after a positive autumn and winter.'In short, factors contributing to supply growth and demand constriction have combined to bring down Tanker rates…
Spanish shipbuilding and ship repair company Zamakona Yards reached a new milestone with the launching of the first of two new 69-meter reefer vessels to be built for the Greenlandic shipowner Royal Arctic Line A/S. Launching will take place February 4…
Finnish shipping company Meriaura, part of Meriaura Group, announced that general cargo ship M/V Friendland (DWCC 4450 t) has joined its fleet.Friendland (built 2002) has dead weight/volume ratio (7200 m3) and is therefore a welcome addition to the fleet…
Port of Hamburg announced that mega-ships will from now on find it easy to pass through the Elbe fairway.Vessels with a combined width of up to 98 meters can now pass each other in a widened section of the Elbe in Germany known as the “passing box…
Bulgarian shipping company Navigation Maritime Bulgare (Navibulgar) ordered a new series of four 31800 ton bulk carriers in the Chinese Shipyard Jiangsu New Yangzi Shipbuilding Co.The century-old, largest ship-owning company in the country said…
Performance Shipping, a global shipping company specializing in the ownership of vessels, announced that, through a separate wholly-owned subsidiary, it took delivery of the M/T P. Fos (formerly M/T Virgo Sun).The vessel is a 2007-built Aframax tanker vessel of 115…
Greece-based Performance Shipping announced it has signed a Memorandum of Agreement to sell to an unaffiliated third party the 2008-built Post-Panamax container vessel M/V Rotterdam, for a sale price of $18.5M before commissions.The global…
Estonian shipping company Tallink Grupp said that its vessel Silja Europa has set sail to Turku Repair Yard in Naantali, Finland for scheduled maintenance and planned renewal works that would make the ship more environmentally friendly.The 1993…
Belgium-headquartered manager of specialized floating assets Exmar said that China Export Credit Insurance Corporation (Sinosure) approved the release of $40 million from the debt service reserve account under the TANGO FLNG loan facility.The…
Germany's largest port, the Port of Hamburg not expecting reduction in container throughput caused by liner service changes announced by Ocean Alliance and Maersk.From April, the Ocean Alliance NEU 5 service handled by EUROGATE Container Terminal Hamburg – CTH is being transferred to Antwerp…
After nine months of dredging, Jan De Nul Group has reached an important first milestone by completing the deepening of the 95 km long access channel to the port in record time.The Municipality of Guayaquil (Ecuador) officially inaugurated its newly deepened maritime access channel last weekend…
The world’s largest LNG bunker vessel ‘Kairos’, operated by Nauticor, has supplied DEME’s next generation offshore installation vessel Orion, this first such ship-to-ship bunker transfer at the Port of Rostock.Orion is currently at the Liebherr construction yard in the Port of Rostock…
Japanese shipbuilding major Tsuneishi Shipbuilding delivered the 500th newbuilding in long running bulker range the Tsuneishi Economical Standard Ship (TESS).The TESS64 Aeroline bulker Sarita was delivered to Ugland Shipping by Tsuneshi Heavy…
2019 was a relatively safe year for shipping in the port of Rotterdam. Over the past year, the number of sea-going vessels arriving was about the same as in 2018: 29,491 compared to 29,476 last year.According to the port authority, the number…
South Korean logistics major Hyundai Merchant Marine (HMM) will introduce the largest container vessels of the world in April. These mega-ships will be deployed on the company’s Asia-Europe services.According to BusinessKorea HMM will put into operation a total of 12 24…
