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Diana Shipping’s 2nd Vessel Sale Falls Through

Bulker

Both sales were announced back in December 2019.

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MOL, DSME Join Forces on Cutting FSRUs' Environmental Impact

MOL FSRU

MOL, DSME exploring new technology to reduce environmental impact for FSRUs.

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Hunter Nets USD 220 Mln Loan to Finance VLCC Newbuilds

Money

Hunter Tankers AS secures USD 220 million loan facility.

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Clarkson Acquires Spanish Shiproker Martankers

LPG carrier

Clarksons has acquired 100% of the issued share capital of Spanish shipbroker Martankers.

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Ten Seafarers Kidnapped from Tanker off Cotonou

Tanker

Ten crew members have been kidnapped from a crude oil tanker off Cotonou, Benin.

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US Sanctions Rosneft Trading S.A.

Secretary Steven T. Mnuchin.

The Trump administration has designated Rosneft Trading S.A.

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Maersk Posts Higher Earnings, Expects Weak Start of 2020

Maersk Edith

Maersk managed to improve earnings and free cash flow in 2019.

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Report: Coronavirus Scare on Bulker in India

Two crew members of a bulk carrier arriving from China to Chennai tested for coronavirus.

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AG&P Breaks Ground on Karaikal LNG Import Facility

FSU design for Karakal LNG Import Facility

AG&P has broken ground on its LNG Import Facility at Karaikal Port.

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Scorpio Tankers Reaps Fruit of Scrubber Project

Scorpio Tankers

Scorpio Tankers' scrubber fitted ships have been earning more money than those without scrubbers.

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GoodBulk Offloads Capesize Duo

GoodBulk bulker

Dry bulk vessel owner and operator GoodBulk sold two older Capesize vessels in January 2020.

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Maersk Buying Performance Team in USD 545 Mln Deal

Maersk

Marsk is bolsterings its logistics and services with the acquisition of Performance Team.

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More LNG Carriers in Operation Boost MISC's Revenue

MISC Berhad

MISC Group wrapped up 2019 with both profit and revenue increases.

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Excelerate Launches In-House Ship Management Services

FSRU Experience

Excelerate Energy gets green light to manage its entire FSRU fleet. 

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Seaspan Boasts Stellar Operating Earnings

containership

Seaspan Corporation posted a record USD 687 million operating earnings for the full year.

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LPG Tanker in Near Miss after Shelling of Tripoli Port

Libyan flag

NOC: Fuel vessels have been evacuated urgently from Tripoli port.

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Marine Contractors Board Ghost Ship Grounded in Cork

MV Alta

The marine contractor boarded the vessel on February 18 and carried out an initial assessment.

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Tomini Shipping Registers on Norwegian OTC

Bulker

UAE-based ship owner and manager Tomini Shipping has registered on the Norwegian over-the-counter (OTC) market in Oslo.  

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Hapag-Lloyd Cheers 80 Pct Higher Operating Profit in 2019

Hapag-Lloyd containership

Hapag-Lloyd recorded an over 80 pct increase in earnings before interest and taxes for 2019.

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Performance Shipping Step Closer to Pure Play Aframax Firm

Tanker

Performance Shipping signs a memorandum of agreement (MoA) to purchase a 2007-built Aframax tanker.

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Marshall Islands' EU White List Status Confirmed by ECOFIN

Marshall Islands

ECOFIN has moved the Republic of the Marshall Islands (RMI) to the EU white list. 

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SEALNG: 175 LNG-Fueled Ships in Operation, 203 on Order

LNG Powered

There are 175 LNG-fueled ships currently in operation, with 203 on order.

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Nakilat Boasts Highest Profit Ever

Al Mafin

NAKILAT records stellar performance in 2019.

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Liners Turn to Surcharges as Reefers Get Diverted in China

containers

Reefer shipments being diverted and relocated amid a shortage of reefer plugs at Chinese ports.

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GOGL Refinances USD 284 Mn Loan

Bulker

GOGL refinances USD 284 million loan facility covering 15 vessels.

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Ships Transiting Panama Canal to Face Over 30 Pct Price Hike

Panama Canal

Ships transiting the Panama Canal could face price hikes of over 30% by April 1, 2020, due to new charges.

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Ghost Ship Washes Ashore in Ireland

MV Alta

A vessel without a single soul on board ran aground near Ballycotton, Cork in Ireland.

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