Any Light at the End of the Tunnel for Tankers?

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

Breaking: Seven Hurt, Three Critical in Gadani Tanker Fire

Fire at Gadani ship breaking yard

Seven people injured, three in critical condition after an oil tanker caught fire in Gadani.

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Uljanik Cancels Newbuild Deal with Wellard

uljanik

Wellard Ships receives a termination notice of the newbuild contract from Croatian shipbuilder Uljanik.

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PIL Terminates Vessel Calls to Iran due to US Sanctions

boxship

Pacific International Lines (PIL) has ceased acceptance of cargoes in and out of Iran.

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Samsung Heavy Secures One More LNG Carrier Order

LNG Carrier

Samsung Heavy Industries secures a contract for the construction of one LNG carrier. 

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OOCL to Launch Bunker Recovery Surcharge amid Switch to LSF

OOCL Hong Kong

OOCL plans to meet the new sulphur cap regulations by switching to low sulphur fuel.

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MOL's New VLCC to Test Ship Ops Support System Using AR

AR aboard MOL vessel

MOL is to install a ship operation support system using augmented reality technology aboard a newly built VLCC.

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ONE, Hapag-Lloyd Join Forces in Feeder Operations

ONE Aguila

ONE and Hapag-Lloyd concluded a bilateral feeder cooperation deal, which has already started on the first trades.

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CMA CGM’s Final 20,600 TEU Behemoth Delivered

cma cgm

CMA CGM takes delivery of the third 20,600 TEU containership.

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H-Line Splashes USD 142 Mn on LNG-Powered Bulkers

Bulker

H-Line assigns USD 142 million to construct two bulkers powered by liquefied natural gas.

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8 Ultramaxes in the Bag for AVIC International

Bulker

AVIC International Leasing has been tied to an order for eight Ultramaxers at Dayang Shipbuilding.

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Thenamaris Adds One More LNG Carrier at HHI

Hyundai Heavy Industries

Thenamaris has ordered one more LNG carrier at the world's largest shipbuilder Hyundai Heavy Industries.

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Yangzijiang Shipbuilding, MES & Mitsui to Set Up JV

Mitsui

Mitsui E&S Shipbuilding Co., Yangzijiang Shipbuilding and Mitsui & Co. to establish a joint venture.

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Stena Bulk Sets Up New Tanker JV with Bay Crest Management

GSW Adventure

Stena Bulk has partnered up with Bay Crest Management in an effort to expand its presence in Asia.

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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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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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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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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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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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Unprecedented Changes Needed for 1.5°C Global Warming Limit

Shipping

IPCC: Limiting global warming to 1.5°C would require rapid, far-reaching and unprecedented changes.

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Autonomous Ships Face Fewer Challenges than Driverless Cars

autnomous containership

Survey: Autonomous ships and aviation drones face fewer barriers to adoption than driverless cars.

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US Crude Oil Exports to China Dropped to Zero in August

Peter Sand

US seaborne exports of crude oil to China dropped to zero in August.

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Brokers: Santoku Shipping Books Capesize Pair at SWS

Bulker

Santoku Shipping has been linked to an order for two Capesize bulkers at Shanghai Waigaoqiao Shipbuilding.

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Paper Submitted to MEPC73 Does Not Seek Delay of Sulphur Cap

shipping

The document submitted MEPC 73 does not seek a delay to the implementation date of the 2020 sulphur cap.

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BW LPG Gives Up on Dorian LPG Merger

BW LPG is withdrawing its proposal to combine with gas carrier owner and operator Dorian LPG. 

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ICTSI Gets Green Light for Manila Terminal Upgrade

An artist’s perspective of Berths 7 and 8 and the full back up area for Berths 9 and 10.

ICTSI has received a nod from the Philippine Ports Authority (PPA) to further expand its Manila flagship terminal.

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