Yamal LNG Carrier JV No Longer Subject to US Sanctions

The fourth Arc7 LNG carrier Vladimir Voronin

The JV's six LNG carriers were cleared of US sanctions after a change of ownership at China LNG.

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New Aframax Tanker Joins Tsakos Energy Navigation Fleet

Tanker

The unit was chartered out under a long-term contract to a major U.S. oil concern.

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Carnival, Royal Caribbean Sign Saint Lucia Deal

Saint Lucia deal signing ceremony

The firms will manage the existing cruise pier and terminal facilities, and build and operate a new cruise port on ...

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Two Passengers Found Dead on Tallink Ferry

ferry

Bodies of two Finnish passengers have been discovered on a cruise ferry operated by Tallink.

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One Sea Makes Case for Safe, Ethical Autonomous Shipping

One Sea

The alliance is aiming to create an environment suitable for autonomous ships by 2025.

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Qatar Petroleum Brings VLSFO to Ras Laffan Port

Ras Laffan Industrial City Port

The VLSFO marine fuel offering has been initiated ahead of IMO's upcoming 2020 sulphur cap.

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USCG: Tanker Crew Member Evacuated off Midway Islands

USCG

An ill crew member has been medically evacuated from a Norwegian tanker off Midway Islands in the Pacific Ocean.

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Navios Acquisition Repays USD 196.8 Mn of Debt

Finance

With sale-and-leaseback, commercial bank debt and cash, the company extended debt maturities through 2027.

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Damaged Iranian Tanker to Undergo Repairs in Bandar Abbas

Sabiti

The tanker whose hull was damaged in a missile attack off Saudi Arabia will be repaired in Bandar Abbas. 

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Bahri's Earnings Grow in 3rd Quarter

Bahri's VLCC Hilwah

Net profit jumped to USD 39.1 million in the third quarter of 2019 from USD 21.6 million seen a year earlier.

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MSC's Messina Takeover Gets Go-Ahead from Italian Regulator

MSC

MSC receives the green light from the Italian Competition Authority to acquire a minority stake in Ignazio Messina.

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Two More Sovcomflot Tankers Wrap Up NSR Voyages

Tanker Mendeleev Prospect

Lomonosov Prospect and Mendeleev Prospect crossed the full length of the NSR using only cleaner-burning fuel.

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CMA CGM Launches Shipping Trade Finance Services

CMA CGM containership

The import and export financing services range, Shipfin Trade Finance, was set up with invoice finance platform ...

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Maersk Raises 2019 Profit Forecast

Maersk containership

The company now expects its EBITDA to be in the range of USD 5.4 to 5.8 billion, up from the previous USD 5 billion.

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Total, ZEG Create LSFO Joint Venture in China

China

French Total joins forces with China's ZEG to create a joint venture company dedicated to marine fuels.

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Gard Warns of Mysterious Oil Spill off Brazil

The shorelines of Brazil’s North-Eastern region have been polluted since early September.

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Tanker Deliveries Rise as Demolitions Drop to Decade-Lows

Tanker

Delivered tonnage of crude oil tankers grew by 37%, while total demolitions dropped to the lowest in a decade.

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Report Links Ocean Plastic Waste to Chinese Merchant Ships

Ocean plastics

Bottles stranded on a remote South Atlantic Ocean island mostly originate from Asia.

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Nakilat Sees 10.5 Pct Profit Boost

Nakilat

Nakilat closed the first nine months of this year with a profit rise of 10.5 percent YOY.

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EIB: Clean Oceans Initiative off to a Flying Start

Clean Oceans Initiative

The initiative supports projects preventing plastic waste from entering the oceans.

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Navios Acquisition Looking to Raise USD 15 Mn

Finance

The company would use the funds for general corporate purposes.

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IMO Symposium: Ammonia and Hydrogen Are Fuels of the Future

IMO

Ammonia and hydrogen are promising potential fuels of the future in a decarbonized shipping industry.

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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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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

Tanker

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

Shipping

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

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