The pressure on LNG shipping spot rates will continue for another year on account of strong fleet growth. However, rates should strengthen from 2019 as fleet growth slows and trade remains strong, according to the latest edition of the LNG…
Wallem Ship Management has been appointed to manage Sanasia’s new pure car/truck carrier (PCTC )vessel, currently under construction and to be delivered next year.Wallem said it was first choice for Sanasia thanks to a relationship which goes…
Vessel operating costs are expected to rise in both 2017 and 2018, according to the latest survey by international account and shipping consultant Moore Stephens. Repairs and maintenance and spares are the cost categories which are likely to increase most significantly in each of the two years…
Cavotec shore power systems are helping ports in Canada make substantial reductions in cruise and container ship emissions, with the Montreal Port Authority (MPA) recently reporting that its shore power initiatives are expected to reduce greenhouse gas emissions by some 2…
The world’s biggest specialized vessel to import liquefied natural gas (LNG) is scheduled to be operational in November to contribute to Turkey's energy supply security, Bloomberg reported. The MOL FSRU Challenger, as long as the Eiffel Tower…
Norway-based Havila Shipping ASA has entered into agreements for sale of the AHTS vessels Posh Vibrant and Posh Virtue. The vessels are expected delivered to new owner during first part of November. Following the sale it is expected that…
The latest passenger ferry constructed by Gladding-Hearn Shipbuilding for Massachusetts Bay Transit Authority signals a milestone delivery for marine design firm Incat Crowther. The 27-meter catamaran Champion marks the 500th vessel designed by Incat Crowther…
South Korea’s Hyundai Heavy Industries (HHI) has clinched a deal worth approximately US$400 million to build five very large ore carriers(VLOCs) from Seoul-based shipper Polaris Shipping. 'HHI has signed a $400 Million worth contract to build five 325…
German flag containership the Northern Monument set course for Algeciras, Spain under the Verrazano Bridge with a very special cargo on board.Inside one of the ship's 40' dry box containers is the historic rowing vessel Spirit of Malabo…
Qatar Gas Transport Company (Nakilat), the largest LNG ship owner in the world, concluded its financial results for the nine-month period ended 30 September 2017, with a net profit of QR 607 million compared to QR 749 million of the same period last year in 2016…
Georgia Ports Authority (GPA) Executive Director Griff Lynch said the GPA increased auto processing capacity at Colonel’s Island Terminal by 50 percent over the past 12 months, all of which has been absorbed by processors and manufacturers. The Port of Brunswick now has an annual capacity of 800…
Greece's Alpha Bank has successfully completed its second financing transaction of $250 million through shipping securitization with Citi, following the inaugural shipping securitization issuance of $500 million in 2014. 'Alpha Bank has successfully…
The world’s largest containership received a special greeting when it arrived for the first time at Germany’s sole deepwater port. On October 16, EUROGATE welcomed the 21,413 TEU OOCL Germany at its container terminal in Wilhelmshaven, where…
APL has launched a new Korea China Straits (KCS) service to serve the Asian markets of China, Korea, Singapore, Malaysia, Indonesia and the Philippines. The weekly service will link Nansha in South China to the Straits of Singapore and Port Klang as well as Indonesia…
Global Ship Lease (GSL), a containership charter owner, announced that it has agreed to a new time charter with CMA CGM for an 8,063 TEU containership, the 2005-built OOCL Tianjin, which will be renamed GSL Tianjin. The vessel will be…
