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China: Sinotrans to Restructure Nanjing Port

28 January 2011

Nanjibg Port Authority has selected logistics giant Sinotrans ahead of Cosco to revamp the river port. Two sides have signed a restructuring agreement whereby Sinotrans will pump in cash for US$155 million, reports Xinhua. The authority will restructure, corporatise and become Nanjing Port Group Co. Ltd, with Sinotrans taking a 45 per cent stake in […]

TSHD JBB DE RONG 19 Collision: Two New Bodies Found

23 October 2017

Business & Finance, Vessels

The Maritime and Port Authority of Singapore (MPA) said in their latest release that two new bodies have been identified as the missing crew members of Dominican-registered dredger JBB DE RONG 19, following a collision with the tanker Kartika Segara in Singapore territorial waters last month. “The first body was found south of Raffles Lighthouse […]

U.A.E: Drydocks World Signs Deal with AET for Two MCV Conversion Projects

5 December 2011

Business & Finance, Project & Tenders

Drydocks World, the well-established international player in the maritime and offshore industry, has signed a Contract with Singapore based AET, a global leader in petroleum shipping, for two Tanker-to-Marine Capture Vessel (MCV) conversion projects. AET is converting these vessels as part of a recently awarded 20 year agreement with Marine Well Containment Company LLC (MWCC) […]

UK: Ocean Installer Wins Bentley Pipeline Gig

13 March 2012

Business & Finance

Ocean Installer, a subsea construction company based in Stavanger, Norway has received a Letter of Intent (LOI) from Xcite Energy Resources Ltd for the installation of pipelines from a jack-up rig to a dynamically positioned shuttle tanker at the Bentley field. The potential contract is for the installation of two oil export pipelines of 2.1 […]

US Sanctions Russian Ships for Jet Fuel Deliveries to Syria

27 September 2019

Rules & Regulation

The vessels were involved in the illicit transfer of jet fuel to the Russian military in Syria.

Bilfinger Wins USD 45 Mn Worth of Scrubber Orders

14 August 2018

Business & Finance

Bilfinger signed deals with several Greek shipping firms to fit out 42 vessels with scrubbers.

Braemar Shipping Services Eyes More Mergers and Acquisitions

17 May 2016

Business & Finance

After it delivered stronger earnings through its merger with ACM Shipping which formed Braemar ACM Shipbroking, the UK-based Braemar Shipping Services plc secured new financing arrangements of up to GBP 30 million (USD 43.5 million) with British bank company HSBC for future merger and acquisition activities. The company’s Shipbroking division performance was driven by a strong tanker markets, while the Total Shipbroking forward […]

Knutsen Orders MAN Engines for Two LNG Carrier Newbuilds

19 June 2017

Business & Finance

Norway-based Knutsen OAS Shipping has ordered four MAN B&W 5G70ME-GI engines with EGR systems for its two 180,000 cbm LNG tanker newbuildings. Upon delivery in 2020, the vessels will transport cargoes worldwide for two unnamed Spanish utility companies. “These orders are notable in that they are the 6th and 7th such carriers bound for service […]

Gibson: New OPEC Cuts to Extend VLCC Woes

5 June 2017

Business & Finance

The very large crude carrier (VLCC) market could experience a downturn, which is likely to accelerate in the short term, on the back of OPEC’s extension of production cuts. OPEC and a number of non-OPEC producers earlier informed of their decision to extend production cuts to March 2018. Cutbacks largely originate out of the Middle East, […]

HMS Somerset Heads RAS with USNS Laramie

6 February 2014

Business & Finance

HMS Somerset conducted a Replenishment at Sea (RAS) with the USNS Laramie, topping up with fuel from the Command Task Force (CTF) 53 tanker before continuing getting on with her maritime security tasking east of Suez. As HMS Somerset pulled close alongside USNS Laramie to transfer fuel, the warship flew the Duke of Somerset’s flag […]

Readers’ Picks of the Week (Oct 6 -12)

12 October 2014

Business & Finance

Freight rates are likely to fall further as carriers stand firm in their reluctance to reduce capacity on the Asia-Europe and transpacific trades in the winter slack season, Alphaliner warned.…Read more Tanker Scrapes Bottom off Durban Eastern Pacific Shipping reported that an incident involving the vessel m.t. Pacific Quartz took place off Durban, South Africa […]

UK: Hamworthy Wins Contract to Supply CSG with Pump Room Systems for 11 Vessels

2 June 2011

Hamworthy has won a contract to supply pump room systems for 11 vessels to be delivered to the China Shipping Group (CSG). The first three systems are destined for installation on three CSG 112,000 dwt aframax newbuildings, to be constructed at Dalian Shipbuilding Industry Company (DSIC). The remaining eight systems are to be supplied to […]

Concordia Maritime, SIME to Measure Microplastics in Oceans

18 April 2018

Business & Finance

Concordia Maritime teams up with SIME on measuring microplastics in the oceans.

Grindrod Shipping Begins Trading on NASDAQ

20 June 2018

Business & Finance

Grindrod Shipping Holdings began trading today on NASDAQ under the ticker symbol GRIN.

China: CIC Boluomiao Shipyard Repairs LPG Carrier YIN LONG

14 July 2011

CIC Boluomiao shipyard with its own technical expertise, not only repairs bulk carrier, oil tankers, container ships, but also repairs the multi-purpose ocean tugs, LPG carriers, chemical tankers, asphalt carrier, ro-ro ships, dredgers and other special ships. She has a good market reputation and the enjoys the position of authority. The LPG carrier “YIN […]

SBM Offshore Receives Interim Award from Shell for Fram FPSO Project in UK

15 June 2012

SBM Offshore has received a letter of interim award (LOIA) from Shell for the supply, lease and operation of a FPSO for the Fram field in the UK sector of the North Sea. The LOIA allows SBM Offshore to commence engineering and procurement of long lead items to ensure timely completion of the planned Fram […]

China: CIC Jiangsu Shipyard Completes Sea Trials for Two Vessels

8 May 2012

During last two weeks, CIC Jiangsu Shipyard successfully carried out sea trials for two new-build bulk carriers. The first 46.000 DWT bulk carrier bearing the yard number Hull No. CIS46000-05, built for Shenhuazhonghai Shipping, left the shipyard’s quay No.1 on May 6th 2012. The second 57.000 DWT bulk carrier with the yard number Hull No. […]

Batumi State Maritime Academy Upgrades Its Training Facility (Georgia)

23 October 2012

Business & Finance

Batumi State Maritime Academy (BSMA) upgraded its training facility with the latest simulators from Transas. The main goals of establishing this advanced training facility is to educate qualified specialists who will join the maritime commercial fleet and maritime transport infrastructure; and provide a learning process that adheres to modern requirements and educational programs, which will […]

CSC Jinling Shipyard Books Order for Four Bulkers, China

24 July 2012

CSC Jinling Shipyard, major Chinese state-owned shipbuilding enterprise, has received an order for construction of four 64,000 dwt bulk carriers from Queensland Nickel Group. According to the shipyard, the bulkers will incorporate modern design, tailored on the needs of nickel ore transportation. The order forms part of the Australian billionaire, owner of the Queensland Nickel […]

Teekay’s 2014 profit slightly up

19 February 2015

Teekay GP the general partner of Teekay LNG Partners posted a net income of $176.7 million for the year ended December 31, 2014, compared to $175.0 million for the same period of the prior year.

Ammonia & LNG-ready VLCC joins Capital’s fleet

10 August 2022

Green Marine, Vessels

Athens-based Capital Ship Management Corp. (Capital) has taken delivery of the first of two ammonia and LNG fuel ready very large crude carriers. The 300,000 DWT newbuilding vessel M/T Amore Mio is an eco-type crude oil carrier fitted with a scrubber in compliance with the IMO 2020 sulphur cap. The vessel was built by Hyundai […]

Saudi Aramco Looking into VLCCs at Hyundai

22 April 2015

Business & Finance

Board members of the Saudi Arabian Oil Company, parent company of National Shipping Company of Saudi Arabia (Bahri), have visited South Korea’s top shipbuilder Hyundai Heavy Industries (HHI). The visit is reported to form part of negotiations between the two parties on ordering up to 10 tankers, Reuters reported citing unnamed industry sources. Namely, Bahri has tendered a […]