Vessels News

 

World's Largest Vessel Set to Sail in 2018

Dec 25, 2017

In 2018,  Shell's huge floating liquefied natural gas (FLNG) Prelude, the world's largest vessel, will begin its job of extracting and processing gas at sea, reported CNBC. The 488-meter-long and 74-meter-wide floating facility left the…

Iran to Enhance Fleet Strength

Dec 25, 2017

Four giant new container vessels will join Iran's shipping fleet next year. With the arrival of these vessels, the rank of the national shipping fleet in the work will rise to 16 from 20 at present, chairman of the Islamic Republic of Iran Shipping (IRISL) Mohammad Saeedi was quoted as saying…

HSH Nordbank to Exit First Ship Lease

Dec 24, 2017

HSH Nordbank AG's  subsidiary Godan GmbH, the controlling unitholder of First Ship Lease Trust (FSL Trust), is looking to divest all its shares in FSL Holdings, the sponsor of the trust, reported Business Times. The report quoted FSL Trust…

Denmark: New Regulations for Operating Personal Watercraft

Dec 24, 2017

When new regulations of the Danish Government become effective from 1 January 2018, operators of personal watercraft must complete a theoretical as well as a practical test. As part of the Danish Government’s efforts to enhance the safety of those using the sea for recreational purposes…

International Seaways Acquires Six VLCCs

Dec 22, 2017

International Seaways has entered into a binding letter of intent to acquire the holding companies for six 300,000 DWT VLCCs with an average age of 1.7 years from Euronav NV in connection with the closing of Euronav’s announced acquisition of Gener8 Maritime…

GTT Bags Korean Order for Three New LNG Carriers

Dec 22, 2017

GTT has received an order from a South Korean shipyard regarding the design of the LNG tanks of 3 new LNG carriers. The deliveries are due in the first semester of 2020. GTT will design the LNG tanks of the units, each having a capacity of 174…

Ice-Breaking LNG Carrier for Yamal LNG Project Named Vladimir Rusanov

Dec 22, 2017

Mitsui O.S.K. Lines (MOL) announced that on December 21, a naming ceremony for an ice-breaking LNG carrier, which was jointly ordered by MOL and China COSCO Shipping Corporation Limited (China COSCO Shipping), was held at Daewoo Shipbuilding & Marine Engineering  (DSME)…

Dynagas Announces TC for LNG Carrier Pair

Dec 21, 2017

Dynagas LNG Partners has announced that a Partnership has entered into a new three year charter agreement with Statoil ASA (Statoil) for the employment of the Arctic Aurora, its 2013-built, 155,000 cubic meter, tri-fuel diesel engine, ice class liquefied natural gas (LNG) carrier…

Diana Shipping Updates on Time Charter Contracts

Dec 21, 2017

Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Phaethon International Company AG…

ABS Approves New VLEC Concept

Dec 21, 2017

ABS, a leading provider of classification and technical services to the global marine and offshore industries, granted Approval in Principle (AIP) for a new very large ethane carrier (VLEC) concept developed by Hudong-Zhonghua Shipbuilding (Group) Co…

Port Canaveral Welcomes Höegh Sydney

Dec 21, 2017

Port Canaveral staff were on hand to welcome the captain and crew of the Höegh Sydney roll-on/roll-off (RO/RO) vessel on her inaugural visit to the Port.  The Sydney’s arrival at Port Canaveral is the first U.S. port call for the vessel on a transit that originated in East Asia…

MPC Acquires Two Vessels

Dec 20, 2017

Oslo-based boxship owner MPC Container Ships has agreed two more secondhand purchases. 'MPC Container Ships ASis pleased to announce that it has entered into agreements to acquire “Annika” and “Antigoni”, two 987 and 1,049 TEU vessels built in 2008 at Daesun Shipbuilding…

ESL Enters Smaller Vessel Class

Dec 19, 2017

As a part of its growth strategy, ESL Shipping has successfully entered into smaller vessel class with ice classed 3,000 dwt vessels.  Baltic Carrier, Baltic Skipper and Capella joined the fleet in fall, and fourth vessel, Delfin, joined the fleet yesterday…

Eagle Bulk Buys Ultramax Bulkcarrier

Dec 19, 2017

Eagle Bulk Shipping announced that it has acquired a 2015-built CROWN-63 Ultramax bulkcarrier for a purchase price of USD 21.275 million.   The vessel was constructed at Yangzhou Dayang Shipbuilding CO.,LTD., the same yard as the nine Ultramaxes acquired by the Company earlier this year…

Petrogress Enters Joint Venture with EDT Offshore

Dec 19, 2017

Petrogress, Inc. has announced that its Petrogress Int’l, LLC (PIL) subsidiary has entered into a Memorandum of Understanding (MoU) with EDT Agency Services, Ltd. (EDT Offshore) to combine the companies’ operations at the Port of Limassol and additional port facilities in Cyprus…

Logistics News

Bulls Joins TVO's Global Business Development Team

Bulls Joins TVO's Global Business Development Team

DP World, Asian Terminals Inc. Invest $100M to Boost Capacity at Manila South Harbor

DP World, Asian Terminals Inc. Invest $100M to Boost Capacity at Manila South Harbor

PD Ports Outlines Plans to Develop UK Offshore Wind Hub

PD Ports Outlines Plans to Develop UK Offshore Wind Hub

DP World Begins $165 Million Expansion of Maputo Container Terminal Capacity

DP World Begins $165 Million Expansion of Maputo Container Terminal Capacity

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CANADA-CRUDE-Discount on Western Canada Select heavy crude narrows; remains historically tight
Asian spot LNG prices drop to new lows of 1 year on weak demand
Data and sources say that the last Chevron chartered vessel is returning oil cargo to Venezuela.