Green Marine
Drewry: Stronger US-China Ethane Trade to Boost Demand for VLECs
Ethane trade on the U.S.-China route has the potential to create demand for about 30 VLECs, Drewry said.
Frontline Buying Up to 14 Suezmax Tankers from Trafigura
The company signed a deal to purchase ten 2019-built tankers, with options for four more units.
DP World’s Profit Surges in Uncertain Trade Environment
Profit for the period increased to USD 753 million, representing a growth of 26.8% on a reported basis.
iContainers: Two Factors to Further Disrupt 2019 Peak Season
IMO 2020 sulphur cap, earlier than usual 2020 Chinese New Year would “further disrupt and unsettle supply chains.”
Wallenius Wilhelmsen Hit with Criminal Cartel Charges in Australia
The alleged cartel conduct is related to shipping of certain vehicles to Australia between June 2011 and July 2012.
Seasonal Variations Push Höegh LNG into the Red
The company’s net loss was at USD 3.6 million, against a profit of USD 4.5 million reported in the previous quarter.
Stena Bulk Meets Iran’s Foreign Minister over Stena Impero Release
The company and Iran’s Foreign Minister had “a constructive dialogue” on the release of the vessel held since July 19.
GriegMaas Welcomes Latest Ultramax to Its Fleet
The Ultramax is the fifth vessel in the joint venture’s fleet.
Drewry: Misdeclared Cargo Fines Unlikely to Change Rogue Shippers
Eight fire incidents occurred aboard ships carrying containers this year alone.
Global Ports Holding Vying for Puerto Rico Cruise Port
The company has secured two cruise port concessions in America so far this year.
UK Ports’ Performance Not Hurt by Political Uncertainties in 2018
2018 data showed stable port freight tonnages overall, with only a 0.1% difference on the previous year.
ADS Crude Carriers to Pay More for Scrubber Installations
The expected investment increased to around USD 6.5 million, from the previously guided USD 5.5 million per vessel.
Navios Acquisition Agrees Sale and Leaseback for 10 Ships
The transactions are expected to reduce Navios Acquisition’s debt by USD 33.4 million or 3% of outstanding debt.
Alphaliner: HMM to Add 34 Ships to THE Alliance’s Network in 2020
The company would contribute 519,000 TEU in ships to the network, Alphaliner cited HMM’s earlier revealed plans.