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Becker’s LNG Hybrid Barge Expected in Hamburg This Weekend

Becker’s LNG Hybrid Barge Expected in Hamburg This Weekend

Becker Marine Systems is expecting the first LNG Hybrid Barge to arrive at the Port  of Hamburg this weekend. “If all goes well and the weather remains stable, the LNG Hybrid Barge should be arriving at its future home port of Hamburg on 4th or 5th October,” said Dirk Lehmann, Managing Director of Becker Marine […]

Image of the Day: USS Truxtun Replenishes at Sea

Image of the Day: USS Truxtun Replenishes at Sea

The U.S. Navy’s Arleigh Burke-class guided-missile destroyer USS Truxtun (DDG 103) conducts a replenishment-at-sea in the Arabian Gulf with the Military Sealift Command fleet replenishment oiler USNS Tippecanoe. Truxtun is deployed as part of the George H.W. Bush Carrier Strike Group supporting maritime security operations and theater security cooperation efforts in the U.S. 5th Fleet […]

Odfjell Completes LPG/Ethylene Joint Venture Agreement

Odfjell Completes LPG/Ethylene Joint Venture Agreement

Odfjell SE has finalised forming of an LPG/Ethylene shipping joint venture with Breakwater Capital and Oak Hill Advisors, L.P., first announced on May 16, 2014. In accordance with the joint venture agreement, Breakwater Capital and Oak Hill Advisors, L.P. have jointly agreed to invest approximately USD 50 million as consideration for the 50% equity interest […]

JES Removed from China’s White List

JES Removed from China’s White List

Chinese shipbulder Jiangsu New East Marine Equipment Co has been removed from the official White List of shipbuilders issued by China’s Ministry of Industry and Information Technology (MIIT). The list has been reduced now to 50 shipyards from previous 51. The Ministry did not disclose the reason behind this decision. The Supreme People’s Court of China has blacklisted […]

VIDEO: Dover Gets Green Light for Major Investment

VIDEO: Dover Gets Green Light for Major Investment

Dover Harbour Board has agreed to move forward on the first substantial phase of works to transform the Port of Dover through its Dover Western Docks Revival project. In what is a major part of the biggest single investment that will have ever been made by the Board in Dover and its port, tenders are […]

New VLCC Joint Venture on Horizon

New VLCC Joint Venture on Horizon

Frontline Management (Bermuda) Ltd., and Cyprus-based Tankers International LLC (TI) have started a new company named VLCC Chartering Ltd., pooling together their respective VLCC fleets in an effort to enhance flexibility and provide cargo owners with more options. The companies also hope that the new joint venture will enable them to to reduce voyage related expenses and thereby […]

Pan Ocean Up for Grabs

Pan Ocean Up for Grabs

South Korea-based bulk shipper Pan Ocean Co Ltd, formerly STX Pan Ocean, has been put up for auction, Reuters reports citing a sales notice from October 1st. According to the sales notice, potential bidders will conduct due diligence during Nov 10-28, with binding bids due on Dec 11. It is expected for the bid to range […]

MOL Merges Companies

MOL Merges Companies

Mitsui O.S.K. Lines, Ltd. merged MOL Marine Consulting, Ltd. (MOLMC) and MOL Cable Ship Ltd., on October 1, 2014. The new company, called MOL Marine Co., Ltd., will continue to develop the businesses pioneered by its two predecessors. MOL says that the merger will integrate both companies’ expertise in marine technology and ship management, enabling the development […]

Swissco Doubles Rig Fleet

Swissco Doubles Rig Fleet

Singapore-headquartered Swissco Holdings Limited has completed the acquisition of four additional mobile offshore drilling units, bringing its fleet of rigs to eight. As World Maritime News previously reported, the rigs have up to two-year contracts worth about USD 94.8 million, and are being deployed in Latin America. Mr. Kelvin Tang, Group Chief Investment Officer of Swissco, said: “Our expansion […]

Five VLCCs for CMES

Five VLCCs for CMES

China Merchants Energy Shipping (CMES) has placed orders for construction of four Very Large Crude Carriers (VLCCs) with two Chinese shipbuilders worth a total of USD 390 million. Dalian Shipbuilding Industry Co (DSIC) will construct two 319,000 dwt VLCCs whereas Shanghai Waigaoqiao Shipbuilding will build the other two 318,000 dwt VLCCs. All four eco-friendly ships are expected […]

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