Navios Acquisition Looking to Raise USD 15 Mn


The company would use the funds for general corporate purposes.

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Singapore to Extend Port Rebates for Car Carriers

Car carrier Nordic Ace

The scheme would be valid for another 3 years, starting from January 1, 2020 and until December 31, 2022.

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ABB, Keppel Team Up on Autonomous Tug in Singapore


ABB signs a contract with Keppel O&M to enable autonomous tug operation at the Port of Singapore in 2020.

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Awilco LNG Secures Sale and Leaseback for WilForce, WilPride

LNG carrier WilPride

The term sheet for the refinancing of 156,000 cbm WilForce and WilPride has been credit approved.

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Hunter Tankers Adds 2nd ECO VLCC Newbuilding


Hunter Saga, the second of seven identical ECO design VLCC units, was handed over on October 19.

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Epic Gas Refinances 20 Ships with USD 201 Mn Loan

Epic Borneo

The USD 201 million facility has a five-year term and includes a USD 10 million tranche for future acquisitions.

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Gard: Challenges with the Use of Exhaust Gas Scrubbers


In time, the related parties will gain experience and the frequency of scrubber-related incidents will decrease.

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White Smoke Coming Out from Capsized Golden Ray

Overturned car carrier Golden Ray

Crews managed to stabilize the source of the white smoke. The cause of the incident is unknown at this time.

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Readers' Picks of the Week


Here are the most read stories of the previous week.

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Castor Maritime Buys Third Panamax Bulker

Castor Maritime

This is the company's second vessel purchase since it listed on NASDAQ in February this year.

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Global Container Terminals Becomes Member of TradeLens


Canada-based Global Container Terminals (GCT) has joined the TradeLens supply chain platform.

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Cruise Ship Star Breeze Cut in Half for Stretch Treatment

Star Breeze

The cruise ship is being lengthened by 25.6 meters.

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Erma First Acquires Maritime-Focused Tech Firm


Erma First has acquired a controlling interest in Metis Cyberspace Technology.

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Total Launches 1st Boxship Giant-Ready LNG Bunker Vessel

LNG bunkering vessel

Total's first large LNG bunker vessel has been launched in China, the French energy major said.

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K Line, MOL and NYK Share Data with ONE via IoS-OP


Three Japanese shipping majors have begun sharing operational data with ONE through IoS-OP.

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Samudera Shipping Completes Supramax Duo Sale


Samudera Shipping Line has completed the sale of two of its Supramax bulk carriers.

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Shipping Firms Fined USD 1.8 Mn for Covering Up Pollution

cargo ship

Two shipping companies will pay a USD 1.8 million criminal penalty for pollution caused by a cargo vessel.

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MSC Joins CMA CGM, Hapag-Lloyd in Discarding NSR

MSC Isabella

A surge in container shipping traffic in the Arctic could cause environmental damage, the company said.

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SBM Offshore Obtains USD 1.14 Bn Bank Loan for Liza Unity

SBM Offshore

SBM Offshore completes the project financing of FPSO vessel Liza Unity for a total of USD 1.14 billion.

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KHI: Ultramax FJM Glory Delivered at DACKS

Bulk carrier

Shipping company Stiringaster Line has taken delivery of FJM Glory, a 61,000 dwt bulk carrier newbuilding.

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America's First LNG ATB Launched

VT Halter Marine

Halter Marine has launched Q-LNG 4000, America's first offshore LNG articulated tug and barge (ATB) unit.

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Belships Hires Ultramax Newbuild


Belships has agreed a seven-year bareboat charter for a 61,000 dwt Ultramax bulk carrier newbuilding.

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Modec to Provide FPSO for Brazilian Marlim Project


Modec receives LOI from Petrobras for the supply, charter, and operations of an FPSO vessel for the Marlim ...

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IBM Joins Mayflower Autonomous Ship Project


Mayflower, a fully-autonomous ship, is planned to cross the Atlantic in September 2020.

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Navios Partners Repays USD 418.5 Mn Loan


Navios Maritime Partner managed to repay a major loan amounting to USD 418.5 million.

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Gazprom Neft Opens Marine Lubricants Company in Singapore


Gazprom Neft establishes Gazpromneft Marine Lubricants, a new operating company with an office in Singapore.

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Ocean Yield Acquires Newbuild Pair with Long-Term Charter


Ocean Yield ASA is to acquire two 2020 Bulkers' Newcastlemax newbuilds with a 13-year bareboat charter.

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