Category archives for: Shipping News

Ardmore Secures Cash for Its Fleet Additions

Ardmore Secures Cash for Its Fleet Additions

Chemical tanker operator Ardmore Shipping Corporation announced that it has signed agreements to upsize its existing senior loan facility with ABN AMRO Bank N.V., Nordea Bank Finland Plc, and Skandinaviska Enskilda Banken AB.   The total amount available under the facility has been increased by $53 million to $225 million. The proceeds from the expanded […]

ACM-Braemar Merger Moves Ahead

ACM-Braemar Merger Moves Ahead

ACM Shipping Group (ACM) announced that at a hearing held on Wednseday, the High Court of Justice in England and Wales sanctioned the scheme for a recommended merger pursuant to which Braemar will acquire the entire issued and to be issued ordinary share capital of ACM.   The merger is still dependent on the formality […]

Taizhou Sanfu Bags Two Tanker Orders

Taizhou Sanfu Bags Two Tanker Orders

A Singaporean owner has placed an order for two 34,500 dwt chemical tankers with Chinese shipbuilder Taizhou Sanfu Shipbuilding, the builder announced.   The ships will feature a length of about 180m, breadth of 30 m and a design draft of 9.20 m. Further details on the order have not been revealed. The order intake […]

Siphoning Incidents Nothing New?

Siphoning Incidents Nothing New?

The trend of incidents involving siphoning of fuel/oil from product and oil tankers at sea is not new. Statistics for Jan-Jul of 2014 reveal that the occurrence of such incidents took place more frequently compared to the annual numbers reported in the past three years (2011-2013), piracy watchdog ReCAAP ISC said in a report.   […]

Port Hedland Deckhands Back Industrial Action

Port Hedland Deckhands Back Industrial Action

Deckhands in Port Hedland have voted to take industrial action, after failing to negotiate a new Enterprise Bargaining Agreement with tugboat operator Teekay Shipping.   In a secret ballot conducted by the Australian Electoral Commission, 98% of Maritime Union of Australia members voted to take action. The members endorsed an unlimited number of 2 hour […]

Nigeria Boosts Safety in Its Waters

Nigeria Boosts Safety in Its Waters

The Nigerian Maritime Administration and Safety Agency (NIMASA) has assured stakeholders in the maritime sector of safety on Nigeria’s waterways with the take-off of its 24-hour Satellite Surveillance Centre in Lagos, which will help curb piracy.   Addressing a world press conference on Wednesday, July 23, 2014, the Director General of NIMASA, Ziakede Patrick Akpobolokemi […]

Christening of LNG Hybrid Barge Set for SMM

Christening of LNG Hybrid Barge Set for SMM

Visitors of this year’s SMM trade fair in Hamburg will be given a special treat, as an LNG Hybrid Barge is scheduled to be christened during the fair, Hamburg-based Becker Marine Systems announced.   “We have developed special drive systems for this and are happy to be presenting our LNG Hybrid Barge at SMM,” said […]

Fleet Clear-Out at Frontline

Fleet Clear-Out at Frontline

Frontline Ltd. has agreed with Ship Finance International Limited to terminate the long term charter parties for the 1999 built VLCCs Front Opalia, Front Comanche and Front Commerce. Ship Finance has simultaneously sold the vessels to unrelated third parties.   The charter parties are expected to terminate in the fourth quarter of 2014. The decision […]

Euronav: VLCC and Suezmax Rates Recovering

Euronav: VLCC and Suezmax Rates Recovering

Suezmax rates have reached their highest level since January 2014, said Paddy Rodgers, CEO at Euronav, Belgium-based tanker owner and operator, adding that crude oil tanker rates should remain strong in the coming months due to positive seasonal demand factors and improving underlying supply/demand fundamentals.   “The second quarter was dominated with one of the […]

World Ocean Council Welcomes Aboard Arctia Shipping

World Ocean Council Welcomes Aboard Arctia Shipping

Arctia Shipping, the Finland-based global specialist in icebreaking and Arctic operations, has become a member of the World Ocean Council (WOC).   ” Arctia brings extensive maritime experience and expertise in ice and Arctic operations to the WOC and adds significantly to the number of important firms with Arctic activities distinguishing themselves as members of […]

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