The Port of Singapore has set up a SGD 12 million (USD 8.4m) fund available to at least six Singapore-incorporated companies who want to invest in construction of Singapore-flagged liquefied natural gas (LNG)-powered vessels. The financing for the project was secured by the Maritime and Port Authori
The Port of Singapore has set up a SGD 12 million (USD 8.4m) fund available to at least six Singapore-incorporated companies who want to invest in construction of Singapore-flagged liquefied natural gas (LNG)-powered vessels. The financing for the project was secured by the Maritime and Port Authori
Japanese shipping company Kawasaki Kisen Kaisha, Ltd. (“K”Line) has sealed a deal for a new 82,200m3 Very Large Gas Carrier (VLGC) to be built and delivered by Kawasaki Heavy Industries, Ltd in November 2018. The new VLGC will be chartered out to Gyxis Corporation (Gyxis) and it will be “K”Line’s se
Japanese shipping company Kawasaki Kisen Kaisha, Ltd. (“K”Line) has sealed a deal for a new 82,200m3 Very Large Gas Carrier (VLGC) to be built and delivered by Kawasaki Heavy Industries, Ltd in November 2018. The new VLGC will be chartered out to Gyxis Corporation (Gyxis) and it will be “K”Line’s se
China’s slower growth and economic transition will pose significant risks for the shipping sector, which already faces overcapacity, weak freight rates and stretched financials, according to rating agency Fitch Ratings. Fitch believes that these pressures will probably lead to bankruptcies among sma
China’s slower growth and economic transition will pose significant risks for the shipping sector, which already faces overcapacity, weak freight rates and stretched financials, according to rating agency Fitch Ratings. Fitch believes that these pressures will probably lead to bankruptcies among sma
NYK Bulkship (Asia) Pte. Ltd., a subsidiary of Japanese NYK Group based in Singapore, has taken delivery of a new 100,000 deadweight tonnage coal carrier at Oshima Shipbuilding Co. Ltd., located in Saikai city, Nagasaki prefecture. A delivery and naming ceremony was held at the shipyard on September
NYK Bulkship (Asia) Pte. Ltd., a subsidiary of Japanese NYK Group based in Singapore, has taken delivery of a new 100,000 deadweight tonnage coal carrier at Oshima Shipbuilding Co. Ltd., located in Saikai city, Nagasaki prefecture. A delivery and naming ceremony was held at the shipyard on September
Japanese shipbuilder Mitsui Engineering and Shipbuilding (MES) has bought 99.36% of the outstanding ordinary shares in German designer and manufacturer of gas tanks and gas handling systems TGE Marine AG to expand its foothold within the market for medium sized multi-gas carriers. MES will on Septem
Japanese shipbuilder Mitsui Engineering and Shipbuilding (MES) has bought 99.36% of the outstanding ordinary shares in German designer and manufacturer of gas tanks and gas handling systems TGE Marine AG to expand its foothold within the market for medium sized multi-gas carriers. MES will on Septem
Swiss container line Mediterranean Shipping Company (MSC) christened its fourth 19,224 TEU container ship – MSC Maya – at a ceremony held in Belgium’s Port of Antwerp on September 26. MSC Maya arrived in Antwerp from a Daewoo Shipbuilding and Maritime Engineering (DSME) shipyard in South Korea, wher
Swiss container line Mediterranean Shipping Company (MSC) christened its fourth 19,224 TEU container ship – MSC Maya – at a ceremony held in Belgium’s Port of Antwerp on September 26. MSC Maya arrived in Antwerp from a Daewoo Shipbuilding and Maritime Engineering (DSME) shipyard in South Korea, wher
Spanish owner and operator of tankers, gas carriers and bulk carriers Empresa Naviera Elcano has placed an order for two 121,000 dwt bulk carriers at Sinopacific Shipbuilding of China. The two bulkers are scheduled for delivery in 2017. The value of the contract was not disclosed. Empresa Naviera El
Spanish owner and operator of tankers, gas carriers and bulk carriers Empresa Naviera Elcano has placed an order for two 121,000 dwt bulk carriers at Sinopacific Shipbuilding of China. The two bulkers are scheduled for delivery in 2017. The value of the contract was not disclosed. Empresa Naviera El
