Green Marine
CSSC (Hong Kong) Shipping Secures USD 600 Mn Loan
On August 20, the company confirmed it received a financing letter from an undisclosed bank in relation to the loan.
Essar Ports Eyes Cargo Throughput of 60 Mn Tons in FY20
Essar Ports expects to meet its target of handling 60 million tons of cargo in FY 2020.
ZIM Returns to Black in 2nd Quarter
Recovering freight rates saw a partial decrease in H1 2019, while bunker prices remained highly volatile.
BBC Chartering Welcomes Its New CEO
Germany-based shipping company BBC Chartering has appointed Ulrich Ulrichs as a new CEO of the company.
Flex LNG Reports Loss but Expects Improvement
Due to the weaker LNG shipping market, Flex LNG closed the first half of this year with a net loss.
Indonesia to Implement Sulphur Cap on Schedule
The rule would apply to all Indonesian-flagged vessels starting January 1, 2020, both for domestic and foreign shipping.
Better Spot Rates Help Odfjell Shrink Loss
Next quarter is expected to be slightly affected by the seasonal slowdown in the chemical tanker market.
Napier Port Debuts on New Zealand’s Exchange
New Zealand’s Napier Port completes NZD 234 million IPO that would enable it to fund its long-term investment program.
Australia Joins US-Led Coalition to Protect Ships in Strait of Hormuz
Australian is to work alongside international partners to assure security of merchant vessels in the Strait of Hormuz.
Ship Finance to Install Scrubbers on 7 Boxships
The ships in question are ranging in size from 8,700 to 10,600 TEU.
Aker Energy Extends Option for Ocean Yield FPSO Again
The parties have now agreed to extend the option period until December 31, against additional compensation.
CLIA: Popularity of Cruising in Asia Set to Grow
Cruising in Asia is expected to become more popular over the coming years, with larger ships to be introduced.
Suez Canal Container Terminal Opening Reefer Container Repair Hub to All Liners
The terminal is also set to launch a dry container inspection and repair hub in October 2019.
SeaIntel: Global Schedule Reliability Down in July
Global schedule reliability reversed its improving trend and decreased by 0.8 percentage points in July.