Petrochemical Producers Supply Chain Survey

Petrochemical Update recently reached out to their extensive network of petrochemical supply chain & logistics purchasing managers to an insight into budgets

DHT Holdings Raises Fresh Funds, Agrees Convertibles Deal

DHT Leopard

DHT Holdings agreed to exchange existing convertible notes due 2019 and entered into private placement contracts.

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Maersk to Spin Off Drilling Unit as It Focuses on Transport

Maersk

Maersk is to list Maersk Drilling as a standalone company in an effort to focus on transport and logistics.

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Team Tankers Bounces Back to Profit in Q2

Chemical tanker

After posting financial losses, Team Tankers returned to profitability in Q2 2018.

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Maersk's Revenue Grows in a Challenged Market

Søren Skou, CEO of A.P. Møller Mærsk

Maersk delivered revenue growth as profitability remained at unsatisfactory levels in the second quarter of 2018.

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Diana Shipping Secures Work for Panamax Bulker

Bulker

Diana Shipping signed a charter deal for its Panamax bulker Coronis with CJ International Italy SPA.

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Boskalis Makes Partial Exit from Heavy Lift Business

Heavy Lift

Boskalis plans to partially exit from its heavy lift business after it suffered huge financial losses in H1 2018. 

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TORM's Newbuildings to Feature Scrubbers

Tanker

TORM unveiled plans to install scrubbers on 14 of its vessels in an effort to prepare for the 2020 sulfur cap.

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Genco Receives 2 Capesize Bulkers, Signs New Credit Facility

Bulker

Genco Shipping & Trading Limited takes delivery of two Capezise vessels and inks a five-year credit facility. 

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Vard to Build Autonomous Boxship for YARA

Yara Birkeland model

Vard is to construct an autonomous and electric-driven container vessel for Norway's YARA.

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DryShips Agrees to Sell One of Its Panamaxes

Shipping

DryShips reached an agreement to sell one of its 2001-built Panamax drybulk carrier.

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Norden Chooses Scrubbers for Up to 31 Vessels

Bulker

Norden unveiled its intentions to install scrubbers on up to 31 owned and chartered vessels.

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SCI's Tanker "in Full Command" after Explosion

Tanker

Shipping Corporation of India: Tanker Desh Vaibhav is totally under control following an explosion on board.

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Yang Ming Confirms Order for 10 Units at CSBC Corporation

Yang Ming

Yang Ming has confirmed an order for ten 2,800 TEU boxships with compatriot CSBC Corporation.

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Aquarius Gets Permission to Disembark Migrants in Malta

Aquarius

Rescue ship Aquarius, carrying 141 migrants, received permission to enter Maltese territorial waters.

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CFO: Turkish Lira Crisis Affects DFDS

The currency crisis in Turkey has had a negative impact on DFDS, the company's CFO revealed.

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Concordia Maritime: Weak Tanker Market Will See an Upturn

Tanker

As the tanker market remained week during Q2 2018, Concordia Maritime widened its net loss.

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ReCAAP: Asian Armed Robbery Incidents Surge in July

Piracy

ReCAAP: A total of seven incidents of armed robbery against ships were reported in Asia in July 2018.

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Navig8 Chemical Tankers Sinks Further into Red

Tanker

Lower gross average daily TCE rates pushed Navig8 Chemical Tankers further into loss in 2Q 2018.

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Epic Gas Cuts Loss amid Improving Market Conditions

Shipping

Epic Gas managed to shrink its net loss in 2Q 2018, mainly due to improving market conditions.

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Gibraltar to Remove Aquarius from Its Registry

Aquarius

The Gibraltar Maritime Authority to terminate its registration licence to the Aquarius, migrant rescue ship.

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GulfNav Upgrading Fleet ahead of New Environmental Rules

Tanker

GulfNav upgrading its fleet with new technologies to prepare for upcoming environmental regulations. 

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Three Crew Missing after VLCC Suffers Explosion off Oman

Tanker

Three people are reported missing after an explosion onboard crude oil tanker M.T. Desh Vaibhav.

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HMM Widens Loss amid High Bunker Costs, Poor Freight Rates

HMM containership

Higher bunker costs and lower average freight rates pushed HMM further into loss during the second quarter.

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Intertanko: Fuel Contamination Could Become an Epidemic

Bunkering

Intertanko criticizes inaction of maritime authorities regarding problems caused by contaminated fuels.

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Pan Ocean Delivers Nearly Double Net Profit

Money

Pan Ocean's net profit was almost double in 2Q of 2018, driven by a recovery in freight rates.

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Baleària Buys Visemar One

Ferry

Baleària buys Visemar One, a 2010-built RoRo/passenger ship.

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SCF's LNG Carrier Loads 1st Cargo from Yamal LNG's 2nd Train

Pskov

Pskov loads first cargo produced at Yamal LNG plant's second LNG train.

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