Any Light at the End of the Tunnel for Tankers?

MSI's Tim Smith reveals when to expect the tanker market to recover.

Pacific Basin Boasts Vessel Earnings Hike

Pacific Basin ship

Pacific Basin Shipping Limited saw a significant hike in vessel earnings in the third quarter of the year.

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AET Names LNG Dual-Fueled Aframax Pair

Tanker

AET has named its first two LNG dual-fuel Aframax tankers.  

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First Vessel from E.R. Capital Holding Joins Star Bulk

Star Bulk vessel

Star Bulk Carriers has expanded its fleet with the first dry bulk vessel purchased from E.R. Capital Holding.

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Investor Confidence in China Hurt by Trade War

trade war

IMF: Investor confidence in China has declined due to the ongoing trade tensions between the US and China.

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Drewry: Tight Supply to Keep Oil Prices Up in Q4

tanker

Oil prices have already started to rise ahead of US sanctions against Iran.

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MODEC to Provide, Operate FPSO for Eni Mexico

FPSO

MODEC to provide and operate a FPSO vessel for Eni Mexico.

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Brokers: BoComm Books Four More Bulkers at CSSC Chengxi

bulker CSSC

BoComm has ordered four bulkers from compatriot CSSC Chengxi, Fearnleys said in its weekly report.

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USCG Rescues 10 Crew from Disabled Cargo Ship

Crew of disabled cargo ship Alt

USCG rescues 10 crewmembers stranded on Tanzanian-flagged cargo ship, Alta.

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Report: Bumi Armada Buyer of SFL's VLCC Oldie

tanker

Malaysian Bumi Armada has been linked to the purchase of the VLCC Front Ariake. 

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Clipper Exits Passenger Ferry Sector

ferry

Clipper Group to move forward with the sale of Danish Ferries (Danske Færger) to Molslinjen A/S.

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Maersk Tied to Sale of Boxship Duo

Containership

Maersk has been linked to a sale of two containerships to Japan's Nissen Kaiun.

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Auramarine to Provide Fuel Services for MARCAS-Served Fleet

Shipping

Auramarine will provide fuel supply system services to MARCAS-served fleet of over thousand vessels.

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Flex LNG to Buy Five LNG Newbuildings

LNG carrier

Flex LNG is to acquire a batch of five LNG newbuldings from affiliates of Geveran Trading.

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Ecuador's Guayaquil Port All Set for a Deeper Access Channel

Ibn Battuta type dredger

Jan De Nul to undertake deepening and maintenance dredging of a 95-km access channel to Ecuador's port of Guayaquil.

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Baleària Gets EU Grant for Ferry Upgrade

Baleària

Baleària receives a grant of EUR 11.8 million from the EC to retrofit five of its ferries to run on LNG. 

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Gasum Becomes a Sole Owner of Skangas

Skangas

Finland-based energy company Gasum has become a sole shareholder of Norwegian LNG provider Skangas. 

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NACC Alicudi - 1st Cement Carrier with IMO Tier III Engines

Cement Carrier

NACC Alicudi became the world's 1st cement carrier equipped with IMO Tier III compliant diesel engines.

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South Korea Unveils Support for Struggling Shipping Firms

Money

Korea Ocean Business Corp to support financially troubled shipping firms and fund eco-friendly projects.

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BIMCO: Iran No. 1 Buyer of US Soya Beans

Bulker

Iran has emerged as the biggest buyer of U.S. soya beans in the aftermath of trade tensions between China and the U.S.

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Dutch Builder Cuts Steel for Silversea's New Expedition Ship

Cruise ship

Shipyard De Hoop launched the construction of a new expedition cruise vessel for Silversea Cruises.

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US Ports Brace for Hurricane Michael

Hurricane Michael

The Unites States Coast Guard closes Gulf Coast ports to all inbound and outbound traffic.

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Glass of Wine - Cost of Switching to Cleaner Fuels in Arctic

cruise ship

It would cost passengers just the price of a glass of wine a day if cruise ships would stop burning HFO in the Arctic.

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Update: First Attempt to Separate Collided Ships Fails

collision

The first attempt to pull apart Ulysse from the Cyprus-flagged containership CLS Virginia was unsuccessful.

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Star Bulk Carriers Finance Scrubbers with Green Loan

etros Pappas, CEO of Starbulk

Star Bulk secures USD 70 million to buy scrubbers and install them on board vessels.

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AIDA Ship Duo Gets Intelligent Engine Maintenance

AIDAperla, AIDAstella

AIDA Cruises' ships, AIDAprima and AIDAperla, get intelligent engine maintenance service from Zeppelin Power Systems.

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Maersk Invests in Digital Freight-Booking Startup

Containership Mumbai Maersk

Maersk has unveiled an investment in a US-based digital freight broker, Loadsmart, as the company expands its footprint.

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Port of Long Beach Moves 8 Million TEUs in Fiscal Year

Port of Long Beach - Pier T

Port of Long Beach closed out the 2018 fiscal year having handled over 8 million TEUs during the previous 12 months.

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