Australia Joins US-Led Coalition to Protect Ships in Hormuz

Australian flag

Australian is to work alongside international partners to assure security of merchant vessels in the Strait of Hormuz.

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Ship Finance to Install Scrubbers on 7 Boxships

Containership

The ships in question are ranging in size from 8,700 to 10,600 TEU.

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Aker Energy Extends Option for Ocean Yield FPSO Again

FPSO Dhirubhai-1

The parties have now agreed to extend the option period until December 31, against additional compensation.

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CLIA: Popularity of Cruising in Asia Set to Grow

cruise-ship

Cruising in Asia is expected to become more popular over the coming years, with larger ships to be introduced.

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SeaIntel: Global Schedule Reliability Down in July

Containership

Global schedule reliability reversed its improving trend and decreased by 0.8 percentage points in July.

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AIDA Cruises to Fit Battery Storage Systems on Its Ships

AIDA Cruises

Corvus Energy would equip and commission the storage systems on the first AIDA cruise ship in 2020.

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Hurtigruten to Upgrade Three Ships with Battery Packs

Hurtigruten

Making another step towards green shipping, Hurtigruten will transform three vessels to hybrid-powered cruise ships.

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Wellard's Livestock Carrier Ultimately Goes to Heytesbury

ropes

Wellard revealed plans to proceed with the sale of M/V Ocean Swagman to Heytesbury for USD 22 million.

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KfW IPEX-Bank to Fund Dream Cruises' New Ship Duo

Dream Cruises debut in Shanghai with Explorer Dream

The financing package comprises around EUR 2.6 billion with a total investment volume of just under EUR 3.1 billion.

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Shell in Long-Term Charters for 14 New LNG-Fueled Tankers

Tanker

The charter deals are a part of the company's drive to decarbonise shipping.

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World's Largest Boxship Wraps Up Maiden Voyage

MSC Gulsun

MSC Gülsün arrived in Europe after completing its first voyage from the north of China.

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Hyundai Heavy Gets LR's First Digital Component Approval

HHI LR

The approval is for a component of HHI's Integrated Smartship Solution (ISS).

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Scottish Govt to Nationalize Ferguson Marine Shipyard

Ferguson Marine shipyard

The development would enable completion of two ferries being built at the shipyard for CMAL.

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Samsung Heavy Joins Forces with MAN on Smart Ship Tech

SVESSEL platform

The effort is part of SHI's cloud-based smart ship system SVESSEL. 

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Irish Dockers Call for Safer Work Practice at Ports

Dock worker

The move comes on the back of a recent fatal incident on the Irish docks.

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Wellard Extends Repayment for Two Livestock Carriers

Ocean Drover

Wellard is to extend ship finance repayment schedules for Ocean Ute and Ocean Drover. 

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US Issues Warrant to Seize Iranian Tanker Grace 1

Tanker

US DoJ issued a warrant to seize the tanker "based on violations of the International Emergency Economic Powers Act."

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Pirates Kidnap Eight Seafarers from German MPP Ship

pirates

Armed pirates have abducted 8 crew members from a German MPP ship at the Douala Anchorage, Cameroon.

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Diamond S Shipping Disposes of Two MR Tankers

chemical tanker

The disposal is part of the company's fleet renewal program.

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Yamal LNG Ships 20 Million Tons of LNG

LNG carrier

Yamal LNG has shipped its twentieth million ton of LNG since the commencement of the project.

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Panama Canal Gets A Rating from Fitch for 4th Year in a Row

Panama Canal

Panama Canal is "an underlying asset that is critical not only for Panama, but for international commerce," Fitch said.

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d’Amico, Glencore Joint Venture to Sell MR Tanker

d’Amico International Shipping

GLENDA International Shipping would sell the 47,147 dwt Glenda Megan, one of its six vessels.

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SHI Secures Orders for Ten LNG-Fueled Crude Oil Tankers

Tanker

The deal, signed with an undisclosed Oceanian shipowner, is valued at USD 620.2 million.

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Readers' Picks of the Week

containers

Here are the most read stories of the previous week.

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Modec Issues USD 1.1 Bn in Bonds to Refund FPSO in Brazil

FPSO Cidade de Caraguatatuba MV27

The project bond was issued for the FPSO Cidade de Mangaratiba MV24, currently in operation offshore Brazil.

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Eagle Bulk Relocates European Office to Copenhagen

Eagle Bulk

Eagle Bulk will relocate from its existing base in Hamburg.

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Malaysia's Bunker Island Project Moves Ahead

Johor Port

The USD 477 million storage and ship refueling site would include the construction of two jetties and seven berths.

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