Investment in construction of tankers driven by stronger appetite in ordering of new tonnage so far this year has all the signs of beating the 2013 record, Gibson said in its weekly tanker report. A total of 34 Very Large Crude Carriers (VLCCs) have been ordered during the first half of 2015, just m
NOL Up for Sale Again? Singapore-based container shipping company Neptune Orient Lines has been put up for sale by investment company Temasek Holdings Pte. Ltd, NOL’s majority stake owner, the Wall Street Journal … Read more Iran Ready to Unleash Its Tanker Fleet Iran’s oil-shipping giant National I
NOL Up for Sale Again? Singapore-based container shipping company Neptune Orient Lines has been put up for sale by investment company Temasek Holdings Pte. Ltd, NOL’s majority stake owner, the Wall Street Journal … Read more Iran Ready to Unleash Its Tanker Fleet Iran’s oil-shipping giant National I
Sinopacific Shipbuilding Group has secured an order for construction of nine Anchor Handling Tug Supply (AHTS) vessels from Abu Dhabi National Oil Company (Adnoc). The price of the deal has not been revealed, however the vessels are slated for delivery in 2017 to Adnoc’s wholly-owned subsidiary Esna
Sinopacific Shipbuilding Group has secured an order for construction of nine Anchor Handling Tug Supply (AHTS) vessels from Abu Dhabi National Oil Company (Adnoc). The price of the deal has not been revealed, however the vessels are slated for delivery in 2017 to Adnoc’s wholly-owned subsidiary Esna
The biggest spender on second hand tonnage in the first half of 2015 is United States-based transporter of crude oil Gener8 Maritime, which has earmarked USD 1.4 billion for a total of 14 vessels, according to VesselsValue. General Maritime Corporation and Navig8 Crude Tankers Inc. completed their m
The biggest spender on second hand tonnage in the first half of 2015 is United States-based transporter of crude oil Gener8 Maritime, which has earmarked USD 1.4 billion for a total of 14 vessels, according to VesselsValue. General Maritime Corporation and Navig8 Crude Tankers Inc. completed their m
Iran is negotiating cooperation on construction of floating liquefied natural gas plants (FLNG) with an undisclosed industry major, according to the head of the National Iranian Gas Company Alireza Kameili. The announcement comes ahead of the long-anticipated deal on lifting of sanctions against Ira
Iran is negotiating cooperation on construction of floating liquefied natural gas plants (FLNG) with an undisclosed industry major, according to the head of the National Iranian Gas Company Alireza Kameili. The announcement comes ahead of the long-anticipated deal on lifting of sanctions against Ira
Substantial additional capacity is expected to be introduced into the Far East-South America container shipping routes in July, raising the threat of a new rate war on these trades, shipping market analyst Alphaliner said. There are a total of 137 handy neo-panamax containerships of 8,600-10,600 teu
Substantial additional capacity is expected to be introduced into the Far East-South America container shipping routes in July, raising the threat of a new rate war on these trades, shipping market analyst Alphaliner said. There are a total of 137 handy neo-panamax containerships of 8,600-10,600 teu
Dubai’s maritime engineering business Drydocks World celebrated today the sail-away of the world’s largest turret mooring system from the yard marking the completion of its construction. Drydocks World has constructed the turret for SBM Offshore under a contract awarded in 2012. The turret will be i
Dubai’s maritime engineering business Drydocks World celebrated today the sail-away of the world’s largest turret mooring system from the yard marking the completion of its construction. Drydocks World has constructed the turret for SBM Offshore under a contract awarded in 2012. The turret will be i
Samsung Heavy Lands USD 4.7 Billion FLNG Order from Shell South Korea’s Samsung Heavy Industries (SHI) has won a KRW 5.3 trillion (USD 4.7 billion) contract to build three floating liquefied natural gas (FLNG) facilities in Europe… Read more Cruise Ship Collides with Tanker off Gallipoli A Celestyal
