Green Marine
MPC Container Ships Buys 26th Ship
Norwegian containership owner MPC Container Ships AS has entered into an agreement to acquire HS Liszt, a 1,350 TEU vessel built in 2008. The vessel has been acquired at a price of USD 6.2 million, the company said. The ship was part of the fleet of Germany’s Hansa Treuhand KG, according to the data
Hafnia Sells, Leases Back LR1 to Improve Liquidity
Denmark-based Hafnia Tankers has completed its first sale and leaseback transaction in the Japanese market involving the company’s LR1 tanker, MT Hafnia Africa. As informed, the 74,500 dwt vessel has been sold to “a large Japanese private ship owning company” with an 8-year bareboat charter back wit
FSRU GDF Cape Ann to Work for CNOOC in Winter
French electric utility company ENGIE has renewed the regasification and storage services contract with Chinese energy group CNOOC for the coming winter season. The services will be provided by the FSRU GDF Suez Cape Ann in the Port of Tianjin. The FSRU arrived in Tianjin fully loaded with LNG and s
Genco Slashes Nine-Month Loss
New York-based dry bulk shipping company Genco Shipping and Trading narrowed its net loss to USD 61.3 million in the first nine months of this year from USD 192.7 million reported in the same period a year earlier. As explained, net loss for the nine months ended September 30, 2017, and 2016, includ
Port of Amsterdam Aims to Cut Shipping Emissions
Dutch Port of Amsterdam is looking to reduce shipping emissions and minimise the environmental impact by working with the shipping sector. Through its Clean Shipping Vision for 2030, the port intends to achieve its sustainability objectives through concrete actions, such as reducing emissions of doc
Wison, KBR Partner Up on FLNG Project
Wison Offshore & Marine has signed a memorandum with KBR for collaboration on a 1.5 MPTA floating LNG liquefaction unit in Southeast Asia. As informed, both parties will associate and collaborate with each other on a mutually exclusive basis for the FLNG project of Kumul Petroleum Holdings Limited f
Video: Chevron Sends 1st Wheatstone LNG Cargo to Japan
The 2017-built LNG tanker Asia Venture set sail from Western Australia on October 31 carrying the first shipment of liquefied natural gas from the country’s Wheatstone Project, according to energy company Chevron Australia. The 82,637 dwt tanker is currently on its way to Tokyo, where it is schedule
Crowley Inks Deal to Buy SeaRiver Tanker Trio
Crowley Alaska Tankers, part of the Crowley Maritime Corporation, has signed an agreement to purchase three tankers from SeaRiver Maritime, ExxonMobil’s U.S. marine affiliate, and charter them back to SeaRiver under varying multi-year terms. The deal is, however, subject to regulatory approval. “Key
ACCC: No Interim Authorisation for Brisbane Cruise Terminal
The Australian Competition and Consumer Commission (ACCC) has decided not to grant interim authorisation to Port of Brisbane and Carnival for their proposed licence agreement relating to a proposed new cruise ship terminal. Under the proposed agreement, Carnival would commit to purchase a minimum le
FTA Bans Micronesian-Flagged Ships from UAE Waters
The Federal Transport Authority (FTA) of the United Arab Emirates (UAE) has banned all ships flying the Micronesian flag from entering its waters and ports. The transport authority ascribed the decision to the fact that the Federated States of Micronesia doesn’t have an international ship registry.
Ten Missing after Cargo Ship Sinks off Turkey
Ten seafarers have been reported missing after the Turkey-flagged general cargo ship Bilal Bal sank some seven nautical miles off the coast of Istanbul. A search and rescue operation for the missing crew members, all of whom are of Turkish nationality, is currently underway, according to the Turkish
PNG Government Under Pressure Due to ICTSI Port Contracts
The Government of Papua New Guinea has been under fire to review the decision to award port operations in Lae and Port Moresby to Philippine port operator International Container Terminal Services Inc. (ICTSI). Paddy Crumlin, President of the International Transport Workers’ Federation, has urged th
BIMCO: 45 More VLCCs Needed to Back China’s Crude Oil Demand Growth
Chinese crude oil demand needs 45 additional very large crude carriers (VLCCs) to support growth in imports of seaborne crude oil, according to BIMCO’s estimates. China has ramped up its import of seaborne crude oil by 13% for the first nine months of 2017 compared to the same period last year. As C
Ardmore Adds Second-Hand Product Tanker, Stays in the Red
Tanker owner and operator Ardmore Shipping Corporation has agreed to acquire a 2008 Japanese-built product tanker. The acquisition of the 47,500 dwt ship is subject to completion of financing under a lease arrangement, and if successful, the vessel is expected to deliver to Ardmore in December 2017