Oil tanker firm Frontline expects shipping firms to scrap more old vessels in the time ahead, which may lead to a recovery in rates for the remaining global fleet in the second half of 2018, its chief executive told Reuters on Monday.Spot rates for very large crude carriers (VLCCs)…
Algoma Central Corporation, a leading provider of marine transportation services, today announced that it has taken ownership of the Algoma Innovator from the Uljanik d.d. shipyard in Croatia. The vessel is part of the Company’s Equinox…
Norwegian supply shipping company DOF sold and delivered the 1996 built platform supply vessel (PSV) 'Skandi Marstein' to a new owner. The sale will not have any significant liquidity impact or impact on the accounts. The vessel has been in lay up since late autumn 2017…
Dania Ship Management has announced plans to extend ship management capabilities to include dry cargo in a partnership agreement with Clipper Fleet Management, part of the Clipper Group. The partnership, which strengthens the commitment by V…
Dania Ship Management has announced plans to extend ship management capabilities to include dry cargo in a partnership agreement with Clipper Fleet Management, part of the Clipper Group. The partnership, which strengthens the commitment by V…
The Prime Minister of India, Narendra Modi commissioned INS Kalvari (S-21), the first of the six Scorpene class submarines built under Project 75 (Kalvari Class) into the Indian Navy at an impressive ceremony held at Naval Dockyard, Mumbai on 14 December 2017…
Navios Maritime Containers, a growth vehicle dedicated to the container sector, announced today that it has taken delivery of four 2008-built Panamax containerships. These vessels are employed on charters with a net daily charter rate of $27…
Safe Bulkers, an international provider of marine dry-bulk transportation services, announced today that it has acquired a 92,000 dwt, South Korean 2010 built, dry-bulk, Post-Panamax class vessel at an attractive price. The vessel is a…
The second phase of an International Maritime Organization (IMO)-implemented project to enhance safe and environmentally sound ship recycling in Bangladesh is set to begin in January, following a US$1.1 million funding agreement with Norway…
Trelleborg has hailed the recent test of the Universal Transfer System (UTS) conducted with Connect LNG and Gas Natural Fenosa, as tangible evidence of the new applications that its suite of products for jettyless LNG transfer can unlock in this challenging field…
After a rigorous selection process, tanker shipping company EURONAV has chosen the SERTICA Fleet Management System by Danish software and engineering company Logimatic. EURONAV, which operates some of the world’s largest tanker vessels,…
Oldendorff Carriers has recently increased the number of owned bulk carriers in it Babycape segment by acquiring four more eco 119,000 tonners from compatriot shipowner Hartmann Reederei. The vessels are: MV UBC Ottawa (tbrn: Roland Oldendorff)…
Singapore's First Ship Lease (FSL) Trust said that it has sold containership, FSL Santos for $6.2 million to reduce its debt service requirements for the fourth quarter. A press release from the company stated: FSL Trust Management, as trusteemanager of First Ship Lease Trust…
Apeejay Shipping, an Apeejay Surrendra Group company, has announced the acquisition of a 76,602 MT DWT Gearless Panamax, Japanese build. The ship is renamed ‘APJ ANGAD 2’. The acquisition takes its total fleet capacity to 5,18,018 MT DWT with an average fleet age of 12…
At about 1930 hours on 10 December 2017, the Maritime and Port Authority of Singapore (MPA) was informed by Johor’s Maritime Rescue Sub Centre that two men had been reported to be missing after their sampan capsized earlier at about 1630 hours…
