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

Port Everett Kicks Off Terminal Modernization Project

To be able to handle next-generation ships, the Port of Everett embarks on the largest capital project in its history.

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Stena Blue Sky Takes LNG Cargo to New Terminal in China

LNG carrier Stena Blue Sky

The LNG carrier Stena Blue Sky delivered a cargo to the first privately-owned LNG terminal in China.

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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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Samsung Heavy to Build Two LNG Carriers for Celsius Tankers

Samsung Heavy secures a contract for the construction of two 180,000 cbm LNG carriers for Celsius Tankers. 

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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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Maersk AHTS to Install First Offshore Cleaning System

The Ocean Cleanup

Maersk is providing support to The Ocean Cleanup by installing a pilot clean-up system in the Pacific.

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Container Handling Capacity to Rise by 260 Mn TEU until 2023

Containers

Container handling capacity is projected to increase by 260 million TEU until 2023, developing more in line with demand.

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DP World's Earnings Grow amid Upswing in Global Trade

DP World

DP World: Global trade sees upswing as geopolitical headwinds continue to pose uncertainty for the container market.

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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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DFDS Orders One More RoRo at Jinling Shipyard

Ferry

DFDS orders an additional RoRo newbuilding from Chinese Jinling Shipyard.

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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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One More Navig8 Tanker Named in China

Tanker

New Times Shipbuilding names Navig8' new 111,000 dwt oil tanker.

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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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DSME Posts Lower H1 Profit

Shipbuilding

DSME wrapped up the first six months of 2018 with a lower profit year over year. 

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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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Rolls-Royce Unveils New Battery System for Ships

Cruise

A lithium-based energy storage system for ships has been launched by technology company Rolls-Royce. 

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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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