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Russia Gives Green Light for New LNG Transshipment Terminal

Novatek

Russia approves an LNG transshipment terminal design in the Kamchatka Territory. 

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TUI Sells 50 Pct of Hapag-Lloyd Cruises to Royal Caribbean

Hapag-Lloyd Cruises

Germany's TUI Group is to sell a 50 percent stake in Hapag-Lloyd Cruises to Royal Caribbean.

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Maersk Line Partners Up with Hamburg's Software Company

Maersk

Maersk Line is partnering with Portrix Logistic Software to integrate spot pricing into PLS' software.

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TOP Ships Offloads Two More Tankers

Top Ships

TOP Ships has entered into agreements to dispose of an MR2 tanker pair.

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Stena Line's New E-Flexer Makes Its Irish Sea Debut

Stena Line

Stena Line’s newest E-Flexer ferry Stena Estrid started service on the Irish Sea route.

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COSCO, OOCL, ONE and Yang Ming to Set Up New Service

Shipping

Asian shipping giants are to launch a new weekly Transatlantic service, the new East Mediterranean - America service.

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Meyer Turku Boasts Strong Growth

Costa Smeralda

Meyer Turku Oy reports production growth of 46 percent compared to the results from 2016.

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SFL Offloads VLCC, Terminates Charter with Frontline

VLCC

SFL Corporation has sold and delivered Front Hakata, a 2002-built very large crude carrier.

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Wartsila to Equip Finnlines' Ferries with Hybrid Systems

Finnlines ferries

Wärtsilä to supply its hybrid power conversion system for three new RoRo ferries being built for Finnlines.

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APM Terminals Eyes Deepwater Port Development in Georgia

APM Terminals

APM Terminals Poti presented its plans to the Government of Georgia for the creation of a deep-water port.

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China’s Oil Demand Drops for 1st Time since 2009

Tanker

Wood Mackenzie has lowered its oil demand forecast for Q1 2020.

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Titan LNG Wraps Up 1st STS LNG Bunkering in Port of Antwerp

Titan LNG

Dutch LNG supplier Titan LNG has completed the first ship-to-ship (STS) LNG bunkering in the Port of Antwerp, Belgium.

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Kiel Canal Widening Contract Awarded to DEME

DEME

DEME has been awarded a contract for the widening of the Kiel Canal in Germany.

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EU Launches BlueInvest Fund to Boost Innovation

EU

The EC and EIF launch the BlueInvest Fund in an effort to support innovations in the maritime sector. 

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BPA: Most Ports Won’t Be Congested Post-Brexit

Brexit

BPA: Most UK ports have prepared for the worst-case scenarios.

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Shipping Companies Still Favor the Worst Scrapyards

Shipbreaking

A total of 674 ocean-going commercial ships and offshore units were sold to the scrapyards in 2019.

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Coconut Charcoal the Likely Cause of Yantian Express Fire

Hapag-Lloyd

Coconut charcoal has been identified as the likely cause of last year's fire on board the containership Yantian Express.

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Klaipedos Nafta to Operate LNG Terminal in Brazil

FSRU Independence

Lithuanian company AB Klaipedos Nafta has been appointed as the operator of an LNG terminal in the Brazilian Port of Açu.

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Vopak Offloads Algeciras Terminal

Vopak

Dutch tank storage company Royal Vopak has completed the divestment of its oil terminal in Algeciras in Spain.

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European Shipowners Want Fluidity of Trade despite Brexit

Brexit

ECSA: UK and EU regulators should maintain 'the seamless' European shipping center.

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EU Okays CMA CGM-CIMC Joint Venture

EU

The European Commission approves the formation of JV between CMA CGM and CIMC Neocontainer.

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Gasum to Supply LNG to Equinor’s Shuttle Tanker Newbuilds

Gasum

Gasum will deliver LNG to Equinor’s new crude shuttle tankers.

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BC Ferries Orders Its 6th LNG-Fueled Ship

Salish Class ferry

BC Ferries returned Remontowa Shipbuilding S.A. with an order for another LNG-fueled vessel.

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Readers’ Picks of the Week (27-31 Jan, 2020)

shipping

Here are the most read stories of the past week.

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Calls for Additional Investigation into Sinking of Estonia

Ferry

Passengers and families of victims of the ferry Estonia seeking additional investigation into the tragedy.

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Maersk Boxship Suffers Engine Failure in Gibraltar Strait

Maersk

A containership owned by Maersk experienced main engine damage in the Gibraltar Strait.

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Ullman: The Tanker Boom Is Now With Us

Stena Performance

The long-awaited recovery of the tanker market finally materialized at the end of 2019.

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