Nakilat, the shipping arm of Qatar’s liquefied natural gas (LNG) sector, has expanded its joint venture with Greek shipping company Maran Ventures Inc. to include two new LNG vessels. Maran Nakilat Co. Ltd. was established in 2005 with four jointly-owned vessels, and the agreement has been expanded
Update 2: Tianjin Port Disaster Claims 112 Lives, 95 Missing Rescue crews have found 112 bodies, with 95 people still missing, 85 of whom are firefighters, after two huge explosions leveled parts of the industrial area of China’s Port of Tianjin where dangerous chemicals and goods are stored late We
Update 2: Tianjin Port Disaster Claims 112 Lives, 95 Missing Rescue crews have found 112 bodies, with 95 people still missing, 85 of whom are firefighters, after two huge explosions leveled parts of the industrial area of China’s Port of Tianjin where dangerous chemicals and goods are stored late We
The depressed dry bulk shipping market has seen a modest recovery since the beginning of the year, spurred by a push for demolition of older tonnage and a slowdown in ordering new tonnage. Namely, a total of 283 ships were sent for scrap this year, totaling 21.8 million dwt, thus marking a 157% incr
The depressed dry bulk shipping market has seen a modest recovery since the beginning of the year, spurred by a push for demolition of older tonnage and a slowdown in ordering new tonnage. Namely, a total of 283 ships were sent for scrap this year, totaling 21.8 million dwt, thus marking a 157% incr
A surge in crude tanker vessel capacity over the next two years will lead to a fall in ship-owner earnings from current highs, according to the latest edition of Drewry’s Tanker Forecaster. Tanker owners have enjoyed high freight rates over the recent period, particularly in the dirty tanker market,
A surge in crude tanker vessel capacity over the next two years will lead to a fall in ship-owner earnings from current highs, according to the latest edition of Drewry’s Tanker Forecaster. Tanker owners have enjoyed high freight rates over the recent period, particularly in the dirty tanker market,
The chemical tanker shipping market has been strongly supported by specialised trades and clean petroleum products (CPP) demand during the second quarter of the year. Although many newbuildings were delivered, the market has been able to absorb the extra tonnage, according to the latest edition of D
The chemical tanker shipping market has been strongly supported by specialised trades and clean petroleum products (CPP) demand during the second quarter of the year. Although many newbuildings were delivered, the market has been able to absorb the extra tonnage, according to the latest edition of D
China Orders Merger Between Two Biggest Shipping Companies The government of China has reportedly ordered the merger of two of the country’s largest state-owned shipping companies – China Ocean Shipping Group (Cosco) and China Shipping Group – to tr… Read more Tianjin Port Explosions Kill at Least 5
China Orders Merger Between Two Biggest Shipping Companies The government of China has reportedly ordered the merger of two of the country’s largest state-owned shipping companies – China Ocean Shipping Group (Cosco) and China Shipping Group – to tr… Read more Tianjin Port Explosions Kill at Least 5
Australian shipbuilder Austal has delivered the first of two high speed catamaran ferries built for the Abu Dhabi National Oil Company (ADNOC). The contract for two 45-meter catamaran ferries was awarded in April 2014 and valued at approximately AUD 30 million, with the vessel constructed at Austal’
Australian shipbuilder Austal has delivered the first of two high speed catamaran ferries built for the Abu Dhabi National Oil Company (ADNOC). The contract for two 45-meter catamaran ferries was awarded in April 2014 and valued at approximately AUD 30 million, with the vessel constructed at Austal’
The specialised reefer fleet is shrinking and shows no signs of reversing in the future; however, the reefer container ship fleet has increased by 15% year-on-year and is set to grow 20% by 2018, according to Drewry’s latest Reefer Shipping Market Annual Review & Forecast. Consequently, with a capac
