South & Central Asia
NYK Line Sells Ore Carrier Gaia Pegasus
Japan’s shipping major Nippon Yusen Kabushiki Kaisha (NYK Line) has reached an agreement to sell its 2004-built Ore Carrier Gaia Pegasus to a Greek shipowner, according to data provided by VesselsValue. The 229,200 dwt Capesize vessel was purchased by Samos Steamship for a price of USD 12.7 million.
Costamare Delays Delivery of Four Boxships
Athens-based containership owner Costamare Inc. has agreed to postpone the deliveries of the remaining four newbuilding 11,010 TEU containerships, ordered through the company’s joint venture with York Capital. The four vessels, three of which were scheduled to join the company’s fleet in October 201
Oil prices dip on OPEC squabbles ahead of planned production cut
By Henning Gloystein SINGAPORE (Reuters) – Oil prices dipped on Tuesday as disagreement flared within producer cartel OPEC on who should cut how much production in a planned coordinated reduction to prop up prices. The dollar, which held near nine-month highs against a basket of major currencies <.D
Transocean scoops North Sea awards
Offshore drilling contractor Transocean has been awarded several new contracts for its rigs in the UK North Sea as well as a new contract off Canada. According to Transocean’s latest fleet status report on Monday, the 1983-built semi-submersible Sedco 712 has been awarded a 16-well contract in the U
GTT grabs order for Maran Gas’ LNG duo
French LNG containment specialist GTT received an order from Daewoo Shipbuilding & Marine Engineering (DSME) to equip two LNG carriers being built for Maran Gas Maritime.
Keppel Set to Deliver Armada Olombendo FPSO for East Hub
Keppel Shipyard is on track to deliver, reportedly, one of the world’s largest floating production storage and offloading vessels (FPSO) to Bumi Armada for operations offshore Angola. The naming ceremony of the FPSO, Armada Olombendo, was held at Keppel Shipyard earlier this month. Keppel Shipyard c
Jurong orders Huisman crane for Sleipnir SSCV
Huisman, a lifting, drilling and subsea solutions specialist, has secured a contract for the delivery a Pedestal Mounted Offshore Crane (PMOC) for the Sleipnir SSCV being built in Singapore. Huisman said on Monday that Jurong Shipyard ordered a 100-tonne PMOC which will be installed onboard Heerema’
Offshore Energy 2016 Kicks Off
Tomorrow will see the kick-off of Offshore Energy where companies from the oil & gas and renewable industries will meet for networking, knowledge sharing and business. The past days the organization worked hard to get everything ready. Here is a little time-lapse to see the progress made: Today saw
G E Shipping Inks Contract to Buy Supramax Bulker
Mumbai-based Great Eastern Shipping Company Ltd. (G E Shipping) has signed a contract to buy a Supramax dry bulk carrier from an unnamed shipowner. The 58,000 vessel, which was built in 2009, is expected to join the company’s fleet in the third quarter of the 2017 financial year. In August 2016, the
Report: Petronet eyes 10 pct cut in Gorgon LNG price
India’s largest importer of liquefied natural gas, Petronet LNG is reportedly looking to cut the price of LNG to be loaded at Chevron-operated Gorgon LNG project in Australia.
Clarksons: Old Panamaxes Slowly Fading Away
The ‘old Panamax’ sector seems to be slowly fading away, falling from 969 units in 2012 to 796 at the start of October, as the fleet is in a steady and perhaps terminal decline, according to Clarksons Research. Although plenty of ‘old Panamaxes’ are out there battling on, things are only going one w
Pacific Basin Offers Shares for Charter Rate Cuts
Pacific Basin Chartering Limited, a subsidiary of Hong Kong-listed dry bulk shipping company Pacific Basin Shipping, has entered into agreements to issue new shares in the company in exchange for charter rate reductions for ten chartered-in Handysize and Supramax bulkers. Namely, the company entered