Norway-listed tanker company Navig8 Chemical Tankers has entered into sale and leaseback agreements with Chinese Jiangsu Financial Leasing (JFL) for four chemical tankers.
LNG tanker Berge Arzew has delivered the commissioning cargo to Ertuğrul Gazi FSRU at the LNG terminal in Hatay, Turkey.
German container shipping major Hapag-Lloyd has secured from compatriot KfW IPEX-Bank its second green loan within six months aimed at financing the construction of six LNG-powered ultra large container vessels (ULCVs).
UK-based shipping consultancy Drewry expects half of the vessels ordered after 2025 to have dual-fuel engines, with a large percentage using methanol as marine fuel. Methanol is viewed as a good replacement for traditional marine fuels due to its potential to reduce GHG emissions since it doesn’t co
Sembcorp Marine has secured an amendment contract from Tupi B.V. valued at $175 million for modification work on the P-71 FPSO.
South Korean shipbuilder Samsung Heavy Industries (SHI) has won an order for the construction of three liquefied natural gas (LNG) carriers.
Malaysian FPSO provider Yinson has secured a contract extension for the PTSC Lam Son FPSO in Vietnam with Vietnam’s PTSC AP.
ExxonMobil has failed to find commercial hydrocarbons at its Jabillo-1 located offshore Guyana and will be moving on to the next well soon.
The container shipping industry has been faced with an unprecedented congestion crunch over the past year and a half, driven by COVID-19 related labour shortages, as well as handling capacity limits resulting in major disruption across the global ports. Massive swings in container shipping demand co
Dry cargo vessel owner and operator Navios Maritime Partners has inked a deal to acquire five drybulk vessels for a total of approximately $182.3 million.
During the first half of 2021, a total 277 container ships have changed hands, a 103.7% jump from 136 ships bought and sold in the same period of 2020, data from Vessels Value shows. The jump testifies to a red-hot container market that has fueled demand for tonnage, not only in the charter market,
The Letter of Intent (LoI) for the construction of a Windfarm Development Vessel (WDV) – issued last year by Triumph Subsea Services to InfraStrata plc – has been formally cancelled, Triumph Subsea said after InfraStrata reported the LoI had been set aside as the shipbuilder was not confident the pr
South Korean shipbuilding giant Korea Shipbuilding & Offshore Engineering (KSOE) has secured a new order for a liquified natural gas (LNG) carrier.
The Australian Government has released a Request for Expressions of Interest for Phase 1 works to decommission the Northern Endeavour FPSO.
