2018 a Loss-Making Year for Crude Oil Tankers

Peter Sand

BIMCO's Chief Analyst reveals what lies ahead for tanker, dry bulk markets.

Odfjell Tanker Spills Oil in Rotterdam

Oil spill after tanker collides with jetty

Some 217 tons of HFO leaked from the chemical tanker Bow Jubail at the Port of Rotterdam.

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Readers' Picks of the Week

Here are the most read stories of the past week.

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2nd Stage of LNG Croatia's Open Season Process Kicks Off

The call to bids comes just days after the country's parliament passed a law allowing the construction of the terminal.

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Scorpio Tankers Opts Out of Scrubbers

Scorpio Tankers plans to meet the IMO's sulphur cap by burning compliant fuels.

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Fincantieri Splashes Costa Cruises' New Ship

Cruise ship Costa Venezia

Fincantieri held a float-out ceremony of Costa Venezia, the first Costa cruise ship built for China.

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First Yamal LNG Cargo Shipped to Spain

Yamal LNG has shipped the first cargo of LNG to Spanish company Gas Natural Fenosa, PAO Novatek informed.

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DFDS Sells Two Ships to Ukrferry

Danish shipping and logistics company DFDS is to sell two of its older vessels to Ukraine-based ferry operator Ukrferry. 

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Gate terminal Aims to Load Ships Faster

Gate terminal

Gate terminal to increase ship loading flow rate for large ships to lower port time for vessels.

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Golar LNG Gets USD 200 Mn from Hilli Episeyo Financing

Money

Golar LNG secured USD 200 million in additional liquidity as part of the Hilli Episeyo debt financing deal.

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Tsakos Energy Prices New Share Offering

Coins

Tsakos Energy Navigation (TEN) is looking to raise over USD 155 million through its new public offering of shares.

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DP World Antwerp to Share Data via NxtPort Platform

DP World Antwerp inks a deal with NxtPort to share its data through this digital platform.

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EU Looking Into Qatar Petroleum's Long-Term LNG Deals

EU

European Commission is investigating long-term LNG supply deals between Qatar Petroleum and European importers.

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Koch Shipping Extends Charter Deal for Diana's Bulker

Bulker

Diana Shipping signed a time charter contract with Koch Shipping for its Newcastlemax bulker Philadelphia.

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Shipping Industry Wants Beaching Yards on EU List

Shipping

NGO: Shipping industry said EU standard must be lowered so that beaching yards can be approved.

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Port of Riga Joins CLIA

Freeport of Riga Authority has become a member of CLIA, the world’s largest cruise industry association.

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Danaos Agrees USD 2.2 Bn Debt Refinancing

Money

Danaos Corporation agreed a refinancing deal with lenders holding USD 2.2 billion of debt.

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MAIB: Cargo Ship Grounded after Bridge Left Unattended

MAIB: Cargo ship Ruyter grounded on the Rathlin Island in October 2017 after its master left the bridge unattended.

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Hamburg, Rotterdam Ports Launch Digital Cooperation

HVCC and the Rotterdam Port Authority enter a cooperation to improve operational processes. 

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CMA CGM to Acquire Containerships

CMA CGM has decided to acquire Containerships, a Finland-based shortsea specialist.

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Report: Oldendorff Returns to Oshima for Two More Bulkers

Oshima Shipbuilding has reportedly secured two bulkers from Oldendorff Carriers. 

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Deutsche Bank Sells USD 1 Bn Shipping Loan Portfolio

Money ship

Deutsche Bank agreed the sale of a USD 1 billion portfolio of legacy shipping loans.

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Genco Shipping Raises USD 115 Mn for Fleet Additions

Money

Genco Shipping has raised some USD 115.7 million through a public offering for future vessel acquisitions.

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Sand: 2018 a Loss-Making Year for Crude Oil Tankers

Peter Sand

BIMCO's Chief Analyst Peter Sand reveals what lies ahead for the tanker and dry bulk markets.

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Seatruck Ferries to Boost Warrenpoint-Heysham Capacity

Vessel

Seatruck Ferries is to invest EUR 100 million to increase capacity on Warrenpoint to Heysham route by 30%.

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Ukraine New on Paris MoU Black List

The Paris MoU Committee adopts new performance lists for flags, moving Ukraine to the Black List.

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Noatum Terminal Malaga to Expand with Crane Additions

Big Roll

Noatum Terminals is to extend harbour and yard container-handling machinery in Noatum Terminal Malaga.

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GasLog Partners Signs New Charter Deal with Cheniere

Handshake

GasLog Partners signed a new multi-year time charter for the GasLog Sydney with Cheniere Energy's subsidiary.

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