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Seized North Korean Bulker Sold for Scrap

Wise Honest

North Korea had earlier requested the release of the vessel.

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Innoport Invests in Bunker Solutions Startup Claritecs

Innoport investment

Bernhard Schulte's Innoport supports maritime and logistics startups in Europe and Asia.

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Kyoei Tanker Orders Another VLCC from Namura Shipbuilding

Kyoei Tanker

This is the third VLCC Kyoei Tanker has ordered from Namura.

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Seven South Australian Ports to Develop 50-Year Masterplan

Outer Harbour berths

Flinders Port Holdings intends to develop a new 50-year masterplan to guide the development of 7 South Australian ports.

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Readers' Picks of the Week

Here are some of the most read news of the week.

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Yamal LNG Shipments to Asia Pacific via NSR Jump in 2019

LNG carrier Christophe de Margerie

Eastbound shipments represented 25% of all LNG dispatched from Yamal LNG during the third quarter of 2019.

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South Africa's Cardinal Maritime Receives Ultramax Bulker

African Cardinal

The 61,000 dwt bulker was built by Dalian COSCO KHI Ship Engineering.

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Thailand Embarks on USD 1.3 Bn Port and LNG Terminal Project

Thailand LNG terminal

The LNG terminal would have an initial annual capacity of 5 million metric tons.

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US Sanctions on COSCO Companies Hit US-Listed Teekay

ARC7 LNG carrier

The sanctions are affecting Teekay's Yamal LNG joint venture.

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MOL Taps Into AI to Optimize Car Carrier Loading Operations

Car Carrier loading plans

The technology could allow MOL to complete vessel allocation and loading plans quicker than ever before.

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EU Clears TPG's Acquisition of Dream Cruises Shares

Dream Cruises ship

TPG Asia is snapping up to 35% of Dream Cruises shares.

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Steel Cut for "Singapore's Largest" LNG Bunker Vessel

Singapore LNG bunkering vessel

The 112-meter vessel is scheduled to be delivered in 2021.

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Wharfies Stop Work at Port of Newcastle over New Crane

Wharfies protest at Port of Newcastle

Workers are protesting a port decision to prevent them from driving a new unloading crane.

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Hafnia Acquires 2015-Built MR2 Duo, Signs USD 473 Mn Loan

Hafnia vessel acquistion

The company has also sold a 2004-built medium range tanker.

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First of Three New Units for Majestic Fast Ferry Launched

Brilliance of Majestic

The first of three new vessels being built for Majestic Fast Ferry has been launched.

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US Sanctions COSCO Companies over Iran Trade

China Iran Crude Oil Trade

The U.S. sanctioned two COSCO subsidiaries in the latest move to curb the flow of Iranian crude.

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Japan Embarks on Carbon-Free Fuel Combustion Engine Research

Japan shipping decarbonization

The research will focus on on the use of hydrogen and ammonia as fuel.

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Japan's Kumiai Senpaku Secures Charter for Newbuild Ferry

Ferry charter

The ferry will service the Visayas and Mindanao regions in the Philippines. 

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Readers’ Picks of the Week

Shipping

Here are the most read stories of the previous week.

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Bulker Captain, Chief Officer Fined for Giving False Details

Emilie Bulker

They gave false information after a crewman passed out due to lack of oxygen in the ship’s hold.

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Teekay Offshore Orders Shuttle Tanker from Samsung Heavy

Shuttle Tanker

The DP2 shuttle tanker is to be delivered in the first half of 2022.

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Maersk Tankers Looking to Buy AET's MR Tanker Fleet

Maersk AET tanker contract

Malaysian-based AET owns a fleet of seven chemical tankers.

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ABS, Samsung Heavy Sign JDP for Digital Tech Incorporation

SHI ABS JDP signing

The JDP concerns the use of digital tech to streamline designing, building, and classing of assets.

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Pacific Basin to Pay USD 74 Mn for Bulker Quartet

Pacific Basin bulker

The secondhand purchase would be 33% funded by new Pacific Basin shares to be issued to the ships’ sellers.

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Construction Starts on Furetank's 7th Vinga Tanker

Fure Vinga steel cutting ceremony

A steel-cutting ceremony in China marked the start of construction.

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SKTI Signs IMO-Compliant VLSFO Supply Contracts

SK Trading

The South Korean refiner is the latest to join IMO 2020 preparations.

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PNX Petroleum in Offtake Deal after Buying First LPG Carrier

LPG shipping agreement

The 5,018 cbm PNX Conqueror is expected to start loading LPG in Brunei this year.

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