Sustainability in the heavy lifting industry

Cost efficiency and sustainability, two topics that are frequently discussed in the offshore and maritime industry. There are many developments and innovations going on in this area.

Scorpio Bulkers Adds Final Newbuilds, Cuts Loss

Monaco-based dry bulk shipping company Scorpio Bulkers has taken delivery of all of its newly constructed vessels ...

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DHT Holdings Locks Financing for VLCC Newbuilds

Crude oil tanker operator DHT Holdings has secured bank financing for the two 318,000 dwt VLCCs newbuildings ...

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Golden Ocean Pushes Delivery of Six Newbuildings

Norwegian dry bulk owner Golden Ocean Group Limited has reached an agreement with shipyards to defer the delivery ...

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Pan Ocean Set to Order Five Open Hatch Carriers

South Korean shipping company Pan Ocean has decided to order five open hatch wood chip carriers as the company ...

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Marmaras Navigation Buys Two Newbuilding Resales

Singapore-based shipping company GC Tankers has sold two very large crude carriers (VLCC), which are being built by ...

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Frontline Secures Financing for Eight Newbuildings

Tanker owner and operator Frontline has secured a commitment for a senior secured term loan facility of up to USD ...

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Odfjell "Most Likely" to Cancel Five LPG Vessels

As the construction of its newbuildings continues to be substantially delayed, Bergen-based shipping and tank ...

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Navig8 Chemical Secures Funds for Stainless Steel Duo

Chemical shipping company Navig8 Chemical Tankers has secured financing for its remaining two 25,000 dwt stainless ...

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Two More LNG-Powered Tankers for Gothia Tanker Alliance

Sweden-based shipowner Furetank Rederi AB and its compatriot Rederi AB Älvtank have contracted two additional ...

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Metrostar Sells Two VLCC Newbuildings

Greek shipping company Metrostar Management Corp has decided to sell two 308,000 dwt Very Large Crude Carriers ...

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Euronav Pushes Delivery of Two VLCCs at HHI

Antwerp-based tanker owner and operator Euronav NV has agreed with South Korean shipbuilder Hyundai Heavy ...

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Scorpio Bulkers Cuts Vessels' Price, Pushes Deliveries

NYSE-listed dry bulk owner and operator Scorpio Bulkers has reached agreements with shipyards to reduce the price ...

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Navig8 Chemical Cancels Five Newbuildings at STX

Navig8 Chemical Tankers has cancelled contracts to construct five 49,000 dwt medium range tankers at South Korean ...

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Klaveness, EGD Partner Up on Two Newbuildings

Norwegian company Klaveness Shipholding and its compatriot EGD Shipholding have reached an agreement to partner in ...

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TORM Secures Financing for LR2 Newbuildings

Danish shipping company TORM has entered into a financing agreement for four LR2 newbuildings scheduled ...

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Ocean Yield Completes 6 Mega Boxships Share Acquisition Deal

Norwegian ship-owner Ocean Yield ASA has formally acquired 49.5 percent in six newbuilding mega boxships owned by ...

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COSCO Shipping Reshuffles Newbuilding Orders

China’s COSCO Shipping Company Limited (COSCOL) has decided to upgrade three from a total of seven heavy lift ...

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Pioneer Marine Abandons Two Final Newbuildings

Oslo-listed shipowner and dry bulk transporter Pioneer Marine has decided to terminate the last two of ...

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Cancelled Newbuildings Widen Pioneer Marine's Loss

Oslo-listed shipowner and dry bulk transporter Pioneer Marine reported a net loss of USD 13.9 million for the first ...

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Pioneer Marine Drops Five More Newbuildings

Oslo-listed shipowner and dry bulk transporter Pioneer Marine has cancelled newbuilding contracts for five Green ...

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DHT Takes Delivery of VLCC DHT Lion

Bermuda-headquartered crude oil tanker company, DHT Holdings, has taken delivery of a very large crude carrier ...

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