Meet Us at Posidonia

Posidonia conference and exhibition

WMN is getting ready for this year's Posidonia.

Scorpio Tankers Agrees Sale, Leaseback for Five Ships

Scorpio Tankers vessel

Scorpio Tankers has agreed sale and leaseback deals for five of its product tankers with AVIC International Leasing.

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Wärtsilä Starts Building Hamina LNG Terminal

Hamina LNG terminal

Construction work on Hamina LNG terminal kick-started as all financial and regulatory hurdles are cleared,

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Teekay Tankers Pens Sale-Leaseback Deal for 7 Tankers

Teekay Tankers

Teekay Tankers has signed a term sheet for a sale-leaseback financing transaction for seven tankers.

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TT-Line, Stena Line End Cooperation

Ferry companies TT-Line and Stena Line are ending their cooperation on the Rostock-Trelleborg route.

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Total to Establish LNG Bunkering Hub in Oman

LNG ship-to-ship bunkering

Total is to develop a liquefied natural gas (LNG) bunkering hub in Oman under a recently signed MoU.

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NAT Reports Net Loss in Q1

Suezmax owner Nordic American Tankers ended Q1 2018 with a widened net loss year over year.

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Teekay LNG in Refinancing Mood

Teekay LNG carrier

Teekay LNG Partners has refinanced an outstanding debt facility of USD 58 million due in 2018.

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Dynagas Partners Delays Purchase of LNG Tanker Duo

Dynagas vessel

Dynagas LNG Partners reached an agreement to further extend the deadline for the purchase of two LNG tankers.

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Sinokor Merchant Marine In for Up to 20 Bulkers?

Jinhai Intelligent Manufacturing

Sinokor Merchant Marine has been linked to an order for up to 20 bulkers at Jinhai Intelligent Manufacturing.

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Maersk CEO: Our Q1 Result Was Unsatisfactory

Søren Skou, CEO of A.P. Møller Mærsk

Skou: Q1 performance was unsatisfactory, especially in the ocean-related part of the business.

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MSC Seaside Crewman Falls Overboard off US Virgin Islands

MSC Seaside

USCG: A crewmember from the cruise ship MSC Seaside went overboard off US Virgin Islands on May 16.

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Hunter Group to Collect USD 65 Mn for VLCC Instalments

Very large crude carrier

Hunter Group is looking to raise up to USD 65 million to finance instalments on seven VLCC newbuilding contracts.

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NSW Ports to Offer Environmental Incentive for Ships

Wallenius Wilhelmsen vessel

NSW Ports is to introduce an environmental incentive on vessel related charges levied at Port Botany, Port Kembla.

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Keppel Bags LNG-Powered Dredger Duo from Van Oord

Hopper Dredgers

Keppel O&M wins an order from Van Oord to build two LNG-fueled Trailing Suction Hopper Dredgers.

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Paris MoU to Focus on Air Pollution from Ships

Air pollution from ship

Paris MoU unveiled its plans to focus attention on marine air pollution in the near future.

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Hunter Makes It Official with DSME

DSME wins a contract for three VLCCs from Norwegian Hunter Group.

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Logistics Units Push Cosco Shipping to Profit

Containers

COSCO Shipping International returned to profit in the 1Q 2018, following the acquisition of two logistics units.

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HHLA Makes Good Start to 2018

German terminal operator HHLA handled 2.6 percent more containers in the first quarter of this year.

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HMM and PSA Increase Stake in Busan Terminal

Contract signing ceremony

Hyundai Merchant Marine and PSA International have agreed to increase their stake in a Busan terminal.

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TEN Linked to LR2 Order at Daehan

Tsakos Energy Navigation's logo

Report: TEN booked the construction of two Long Range (LR2)/Aframax tankers at Daehan Shipbuilding.

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Navios Holdings Benefits from Improved Charter Markets

Navios vessel

Navios Holdings delivered higher revenue in the first quarter of 2018 driven by healthier charter markets.

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Newport Adds Three PaxOcean Repair Yards to Its Network

PaxOcean's Singapore ship repair yard

Newport Shipping expanded its network of ship repair yards through an agreement with Singapore's PaxOcean.

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Another CarVal Vessel Joins GoodBulk

GoodBulk vessel

GoodBulk added the 2011-built vessel Aquacarrier, the final from the batch of six option vessels bought from CarVal.

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DFDS Raises USD 160 Mn

dfds ship

DFDS has raised USD 160 million via a private placement of shares.

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Angelicoussis Shipping Picks Ecochlor BWTS for 36 Ships

ANANGEL ASPIRATION

Angelicoussis Shipping Group Limited has selected Ecochlor BWTSs for 36 vessels.

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Shipping's Decarbonization Will Need Major R&D Investment

Kirsi Tikka: Collaboration as well as sufficient investment in technology development needed to meet IMO's targets.

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Haiphong Container Terminal Opens for Business

HITC Terminal

Operations at Haiphong International Container Terminal in Lach Huyen Port kick started.

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