Scorpio Bulkers in Sale and Leaseback with Ocean Yield for Ship Trio
Posted On: 13-02-2020
Monaco-based dry bulk shipping company Scorpio Bulkers has decided to sell and leaseback one Kamsarmax and two Ultramax vessels to Norwegian shipowner Ocean Yield. The ships in question are SBI Cronos, SBI and SBI Lynx, built in 2015, 2016 and 2018,respectively. As informed, the ship trio will be acquired by Ocean Yield for USD 62.8 million net of pre-paid charter hire with nine, ten and twelve y..readmore
OOCL Rauma Loses Containers off Dutch Coast
Posted On: 13-02-2020
Cruise port operator Global Ports Holding (GPH) is set to begin cruise port operations in Antigua following the signing of a concession agreement with the state government earlier this year. In February, GPH agreed the 30-year concession for cruise port operations in Antigua on an exclusive basis. The addition of cruise port operations in Antigua and Bahamas to GPHportfolio augurs well for the fut..readmore
Diana Secures Work for Newcastlemax
Posted On: 13-02-2020
Greek shipowner Diana Shipping has entered into a time charter contract with BHP Billiton Freight Singapore for one of its Newcastlemax dry bulk vessels, the m/v Philadelphia. The gross charter rate is USD 14,500 per day for a period of minimum fourteen to maximum sevent months. The charter commenced on February 5, 2020. Previously, the 206,040 dwt bulker worked for Koch Shipping at a higher chart..readmore
Posted On: 20-09-2023
Belgium’s tanker shipping company Euronav NV has entered into an agreement for the acquisition via resale of three very large crude carrier (VLCC) newbuilds. The three ships are currently completing construction at the Daewoo Shipbuilding Marine Engineering (DSME) shipyard in South Korea. As informed, the trio is being acquired for an aggregate purchase price of USD 280.5 million or USD 93.5 m..readmore
MSC Cruises’ LNG-Powered Newbuilds to Feature Wärtsilä Equipment
Posted On: 20-01-2020
Finnish technology group Wärtsilä will supply French shipbuilder Chantiers del‘Atlantique with a comprehensive package of integrated solutions for MSC Cruises’ two new LNG-powered ships. As explained, the solutions “will support and enhance the efficiency and environmental sustainability” of the World-class cruise vessels. In October 2019, the steel cutting ceremony was held for th..readmore
2 Ships Fail to Comply with IMO 2020 in Chinese Waters
Posted On: 20-01-2020
Since the beginning of January 2020, the Chinese Maritime Safety Administration(MSA) has found two ships in Chinese waters to be in breach of new sulphur regulations as they were using non-compliant fuel, the Standard P I club said. Asinformed, the first ship was under a port state in Qingdao China when MSA verified the use of fuel oil with a sulphur content of .6777% mm. The second ship was berth..readmore
Posted On: 20-01-2020
INMEX Vietnam, the largest and most established international maritime event in Vietnam, will return for its 8 th edition on 30 March to 1 April 2021 at the Saigon Exhibition & Convention Center (SECC), HoChi Minh City, Vietnam. Backed by its years of proven track records, INMEX Vietnam is the earmark even global maritime industry players to convene, forge new business ties, explore new market ..readmore
Mammoet, ALE Merger Creates Heavy Lift Giant
Posted On: 19-01-2020
Dutch provider of engineered heavy lifting and transport Mammoet has completed the acquisition of UK-based counterpart ALE.The businesses will now operate as one company under the Mammoet starting January 8, 2020. The merger truly creates an industry behemoth with unparalleled global coverage of over 140 offices and branches worldwide, as well as the world’s largest fleet of heavy equipment. ..readmore
UECC Gets Green Financing for Battery Hybrid LNG PCTCs
Posted On: 19-01-2020
United European Car Carriers (UECC), a Norway-based provider of shortsea RoRo transportation, has secured green financing for its new pure car and truck carriers (PCTC). Obtained from Sweden’s Svenska SkeppsHypotek, the financing amounts to about USD 70 million. UECC, which is jointly owned by Nippon Yusen Kabushiki Kaisha (NYK) and Wallenius Lines, ordered earlier this year three next generati..readmore
ENOC to Supply Marine Lubricants for Up to 16 Tankers
Posted On: 19-01-2020
The UAE-based energy group Emirates National Oil Company (ENOC) has signed a memorandum of understanding (MoU) with Greek bunker trader IMS Oil Trading to supply marine lubricants for up to sixteen product tankers. Lubricants will be delivered at IMS Oil’s Fujairah and Singapore ports. As informed, the partnership expands ENOC marine lubricants supply network to over 110 ports in 23 countrie..readmore
Hudson Shipping Lines Says No to Scrubber-Fitted Ships
Posted On: 19-01-2020
US-based Hudson Shipping Lines will not employ vessels with scrubbers to comply with the IMO 2020 sulphur cap that comes into force on January 1, 2020. The company said it instead exclusively burn fuels that comply with the regulations. “We have thoroughly investigated the use and operation of exhaust gas scrubbers and have found that they simply transfer the pollution produced by vessels from ..readmore
Mitsubishi Shipbuilding Christens New LNG Carrier for JERA
Posted On: 13-01-2020
Japan’s Mitsubishi Shipbuilding has named the latest Sayaringo STaGE LNG carrier being built for Trans Pacific Shipping 6 Ltd, a joint venture of JERA and NYK Line. The new 80,300 dwt ship was named Bushu Maru in a christening ceremony held at the Koyagi Plant of the Nagasaki Shipyard & Machinery Works on May 14. Completion and delivery is scheduled for June 2019,after which the unit would be pu..readmore
Color Line’s Color Hybrid Named in Norway
Posted On: 14-01-2020
The world’s largest plug-in hybrid ship Color Hybrid, built for cruise and ferry company Color Line, was named on August 23 in Sandefjord, Norway. The vessel started sailing on its route from Sandefjord, Norway to Strömstad, Sweden as of August 16, 2019, after delivery from Norwegian shipbuilder Ulstein Verft on August 1. With the capacity to carry 2,000 passengers and 500 cars, Color Hybrid ca..readmore
Enterprise Teams Up with Enbridge on VLCC Terminal Development
Posted On: 08-01-2020
American midstream natural gas and crude oil pipeline company Enterprise Products Partners and Canadian energy transportation firm Enbridge Inc. have signed a letter of intent (LOI) to jointly develop a deepwater crude oil terminal in the Gulf of Mexico. The duo will focus on commercial development efforts on Enterprise’s Sea Port Oil Terminal (SPOT) project, designed to be capable of fully load..readmore
Navios Acquisition Acquires Navios Europe Tanker Quintet
Posted On: 04-03-2024
Following the liquidation of Navios Europe I, Monaco-based tanker owner and operator Navios Maritime Acquisition Corporation has taken delivery of five product tankers. The ships in question are MR1 chemical/product tankers Perseus N, Star N and Hector N. The first two units were built at Hyundai Mipo Yard in South Korea in 2009 and 2008, respectively, and the third at China’s CSSC OME in 2008. ..readmore
Posted On: 08-01-2020
Date: 18 – 20 March 2020 Venue: Marine Bay Sands, Halls A, B, C, D, E & F, Singapore Asia Pacific Maritime (APM) is the premier exhibition and conference in Asia showcasing a complete overview of the vessel sectors – services and solutions, technology, vessels equipment, machineries, supplies, and many more.With 15 editions of proven track record, APM gives you 3 day..readmore
Hyundai Samho Wins LPG Carrier Gig as Parent Sets Targets for 2020
Posted On: 06-01-2020
Hyundai Samho Heavy Industries has secured a contract for the construction of two LPG carriers from an unnamed European client, the Korean shipbuilding company said in an exchange filing. Under the terms of the KRW 193.4 billion contract (USD 166 million), the duo is set for delivery by the end of April 2022. In a separate announcement, Hyundai Samho said that it had won a contract for the constru..readmore
TOP Ships Sells Its Only Two MR1 Tankers
Posted On: 06-01-2020
Greek tanker owner and operator TOP Ships has disposed of its only two medium range 1 (MR1) product/chemical tankers. As informed, the ships, Eco Fleet and Eco Revolution, have been sold to unaffiliated third parties. The tankers are expected to be delivered to their new owners during January 2020, TOP Ships said. Each weighing 39,000 tons, Eco Fleet and Eco Revolution were built at Hyundai Vinash..readmore
Oman Shipping Company Signs Its 1st Ijara Contract to Finance Two Ships
Posted On: 04-01-2020
Muscat-based Oman Shipping Company (OSC) has completed a USD 80 million Shariah-compliant “Ijara” transaction with Abu Dhabi Islamic Bank (ADIB). The financing facility represents OSC’s first Ijara asset finance transaction, according to Clyde & Co. Specifically, the facility would enable the shipping company to finance two very large crude carriers (VLCCs) and further support its expansio..readmore
Pilot Falls to Death while Boarding Maersk Kensington
Posted On: 04-01-2020
A Sandy Hook Harbor pilot fell while boarding the US-flagged containership Maersk Kensington in the early morning of December 30, 2019. The ship, part of Maersk Line’s fleet, arrived from Algeciras, Spain to the Port of New York and New Jersey when the incident occurred. Based on the initial reports, the veteran pilot fell from an accommodation later sustaining fatal injuries. The U.S. Coast G..readmore
