NordLB Increases Risk Provisioning for Ship Finance

Image Courtesy: NordLB/Daniel Bames

Due to a further increase in risk provisioning for ship finance, the German shipping bank Norddeutsche Landesbank ...

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IMB: Pirate Dies in Attack on Tanker off Nigeria

Image Courtesy: Interpol

An unknown number of pirates armed with automatic weapons in a speed boat approached and fired at a tanker while it ...

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First Sea-Going Ship Bunkered with LNG in Port of Amsterdam

first-sea-going-ship-bunkered-with-lng-in-port-of-amsterdam2

The chemicals and oil tanker Fure West, owned by the Swedish shipping company FureTank, was the first sea-going ...

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BW LPG Remains in Loss amid Depressed Spot Rates

Image Courtesy: BW LPG

Oslo-listed gas carrier owner BW LPG has reported a loss of USD 60.4 million in the third quarter of 2016, compared ...

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Hapag-Lloyd, UASC Merger Gets Nod from European Commission

Image Courtesy: Hapag Lloyd

The European Commission has given its approval to German shipping major Hapag-Lloyd’s proposed acquisition of ...

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VLGC Oversupply to Put More Pressure on Freight Rates

Image Courtesy: Dorian LPG

High scheduled deliveries and low demolition prospects will drive unwanted fleet growth of very large gas carriers ...

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Concordia Maritime Refinances P-MAX Tanker Fleet

Image Courtesy: Concordia Maritime

Swedish tanker shipping company Concordia Maritime has signed two separate agreements to refinance its ten P-MAX ...

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BIMCO Greenlights Ship Financing Term Sheet

Image Courtesy: MOL

International shipping association BIMCO’s Documentary Committee approved a standard term sheet for use in ...

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Navios Holdings Widens Quarterly Net Loss

Image Courtesy: Navios Holdings

Greek dry bulk shipping company Navios Maritime Holdings Inc. has seen its net loss for the third quarter of 2016 ...

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Sovcomflot Inks USD 180 Mn Credit for Shuttle Tanker Duo

Image Courtesy: Sovcomflot

Russian shipping company Sovcomflot and the country’s bank Sberbank signed a memorandum of understanding ...

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Partners to Grow LNG as Marine Fuel in UK, North Sea

Image Courtesy: ExxonMobil

ExxonMobil, Babcock International Group, Bernhard Schulte Shipmanagement (BSM), Calor and Orkney Islands Council ...

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Nakilat Takes Over 3rd LNG Carrier Management from Shell

Image Courtesy: Nakilat

Nakilat, the shipping arm of Qatar’s liquefied natural gas (LNG) sector, has assumed full ship management and ...

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Viking Line Looking to Order New LNG-Powered Ferry

Image Courtesy: Viking Line (Early Renderings)

Finnish ferry company Viking Line has signed a letter of intent for a passenger vessel to be delivered in the ...

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Stolt-Nielsen Wraps Up Jo Tankers Purchase

Image Courtesy: Jo Tankers

Oslo-listed bulk liquid chemicals transporter Stolt-Nielsen Limited has completed the acquisition of the chemical ...

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Kidnappings Rise in Sulu-Celebes, Eastern Sabah Regions

Image Courtesy: Thinkstock image

Incidents involving abductions of crew from ships while underway have increased in the Sulu-Celebes Sea and eastern ...

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Spotted: Salish Orca Starts Transatlantic Voyage

Image Courtesy: BC Ferries

Canadian ferry owner and operator BC Ferries revealed that its new vessel, Salish Orca, departed Remontowa shipyard ...

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Alphaliner: State Aid for Carriers to Delay Market Recovery

Illustration; Image Courtesy: MSC

Increased government intervention to provide financial support to struggling carriers could ultimately delay a ...

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CMA CGM, CNAN NORD Spa to Develop Shipping in Algeria

Image Courtesy: CMA CGM

French container shipping giant CMA CGM and Algeria-based shipping company CNAN NORD Spa signed a cooperation ...

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VIDEO: Höegh Autoliners Names Sixth Horizon Class PCTC

Image Courtesy: Höegh Autoliners

Norwegian RoRo shipping company Höegh Autoliners has named its sixth New Horizon class Pure Car Truck Carrier ...

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SOL Strengthens Gothenburg-Zeebrugge Links

Image Courtesy: Port of Gothenburg

Gothenburg-based shipping company Swedish Orient Line (SOL) plans to expand its departure frequency between the ...

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CLIA, Cruise Europe to Develop European Cruise Sector

Illustration; Image Courtesy: Costa Cruises

Cruise industry trade organization Cruise Lines International Association (CLIA) Europe and Cruise Europe have ...

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Senior Officer Gets Prison For Covering Up Oil Dumping

Image Courtesy: d'Amico

The chief engineer of the oil tanker Cielo di Milano, the 50-year-old Girolamo Curatolo was sentenced to eight ...

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Coal Shippers Not Cashing In on Import Surge in China

Image Courtesy: Diana Shipping

Dry bulk shipowners are not feeling the positive impacts of a surge in China’s coal imports due to a change ...

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Port of Halifax to Prepare for Mega-Ships

Image Courtesy: Port of Halifax

Canadian Port of Halifax has begun a master planning exercise to prepare for the arrival of ...

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BP Reaches Deal to Sell Aframax Tanker Duo

Image Courtesy: BP

British multinational oil and gas company British Petroleum (BP) has reached an agreement to sell two of its ...

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Korea Line Signs USD 31.4 Mn Deal to Buy Hanjin Assets

Image Courtesy: Hanjin Shipping

South Korea’s shipping company Korea Line Corp has signed a KRW 37 billion (USD 31.4 million) agreement to ...

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Golden Ocean Narrows Net Loss

Image Courtesy: GOGL

Norway-based dry bulk shipping company Golden Ocean Group Limited (GOGL) has narrowed its net loss to USD 26.7 ...

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