Oslo-based shipowning company Ocean Yield ASA has agreed to acquire four newbuilding 115,000 dwt LR2 product tankers for a total consideration of USD 198.1 million, in combination with 13 years “hell and high water” bareboat charters to Navig8 Product Tankers Inc. The four vessels are being built at
Oslo-based shipowning company Ocean Yield ASA has agreed to acquire four newbuilding 115,000 dwt LR2 product tankers for a total consideration of USD 198.1 million, in combination with 13 years “hell and high water” bareboat charters to Navig8 Product Tankers Inc. The four vessels are being built at
China Shipping Industry (Jiangsu) has signed a contract to build four tankers -two LR2s and two Suezmaxes – for Trade and Transport Inc., a company owned by Greek shipping magnate Gregory Callimanopulos. All four tankers are scheduled for delivery in the second half of 2017. The two 114,000 dwt LR2
China Shipping Industry (Jiangsu) has signed a contract to build four tankers -two LR2s and two Suezmaxes – for Trade and Transport Inc., a company owned by Greek shipping magnate Gregory Callimanopulos. All four tankers are scheduled for delivery in the second half of 2017. The two 114,000 dwt LR2
Royal Bank of Scotland (RBS) is planning to close down its office in Greece and to put its USD 5 billion shipping loan portfolio for sale as part of its plan to cut non-core activities and focus on domestic market, according to Reuters. The news comes shortly before the Greek government led by Alexi
Royal Bank of Scotland (RBS) is planning to close down its office in Greece and to put its USD 5 billion shipping loan portfolio for sale as part of its plan to cut non-core activities and focus on domestic market, according to Reuters. The news comes shortly before the Greek government led by Alexi
Shipyards across China recorded a 72.6% decrease in new ship orders in the first six months of 2015, compared to the same period the year before, the country’s Ministry of Industry and Information Technology (MIIT) said. Chinese shipyards added 11.9 million deadweight tons to their orderbooks from J
Shipyards across China recorded a 72.6% decrease in new ship orders in the first six months of 2015, compared to the same period the year before, the country’s Ministry of Industry and Information Technology (MIIT) said. Chinese shipyards added 11.9 million deadweight tons to their orderbooks from J
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
US marine designer Incat Crowther was selected to design a new class of 33 meter catamaran passenger ferry for Majestic Ferries in Singapore, to operate between Singapore and Batam. With four of the vessels already under construction at PT Cahaya Samudra Shipyard in Indonesia, the design is expected
US marine designer Incat Crowther was selected to design a new class of 33 meter catamaran passenger ferry for Majestic Ferries in Singapore, to operate between Singapore and Batam. With four of the vessels already under construction at PT Cahaya Samudra Shipyard in Indonesia, the design is expected
Greek Shipowners Can’t Buy Fuel Due to Capital Controls Capital controls introduced by the Greek government could have a ripple effect on Greek shipowners leaving their ships stranded in port as they are unable to buy fuel…. Read more World’s Largest Pure Car and Truck Carrier Enters Service Höegh A
Greek Shipowners Can’t Buy Fuel Due to Capital Controls Capital controls introduced by the Greek government could have a ripple effect on Greek shipowners leaving their ships stranded in port as they are unable to buy fuel…. Read more World’s Largest Pure Car and Truck Carrier Enters Service Höegh A
