Meet Us at Nor-Shipping 2019

Nor-Shipping

World Maritime News team will also be attending this year’s event.

NYK Introduces Additive for IMO 2020-Compliant Fuel Oil

nyk

NYK unveils a new fuel-oil additive for low-sulfur compliant fuel-oil that meets SOx regulations.

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Singapore Classifies Scrubber Residues as Toxic Waste

Singapore

MPA Singapore classified residues arising from exhaust gas cleaning systems as toxic industrial waste (TIW).

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AVIC Maritime to Sell Stake in Its Subsidiary

offshore

60% shareholding in AVIC Zhenjiang Shipyard Marine will be sold.

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Pacific Basin, MAN ES Ink Service Contract for 111 Bulkers

Pacific Basin

Pacific Basin signs a service agreement with MAN Energy Solutions for 111 bulkers.

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Seaspan Closes USD 1 Bn Portfolio Financing Program

Containership

Seaspan Corporation received USD 1 billion in loans to repay 12 secured credit facilities.

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Yang Ming Forms Subsidiary in Indonesia

ym-warranty

The new company will operate from three branch offices.

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Epic Gas Names New Chairman, Cuts Loss

Epic St. Croix

Epic Gas has appointed a new Chairman as it narrowed its loss in the first quarter of the year.

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North Korea Demands Return of Cargo Ship Seized by US

Bulker

North Korea demanded the immediate return of the bulker seized by the US earlier in May 2019.

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Two Dead after Explosion at Chittagong Shipbreaking Yard

Chittagong

Two workers died and several others sustained injuries.

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AVIC International Leasing Behind Navios Tanker Financing

Finance

AVIC International Leasing revealed as the financier for five Navios Maritime Acquisition product tankers.

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Mitsubishi Shipbuilding Christens New LNG Carrier for JERA

Bushu Maru

Mitsubishi Shipbuilding names JERA's second Sayaringo STaGE LNG carrier for Freeport LNG Project.

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China Retaliates against US Tariffs Hike

Flag of China

China is to raise the rate of additional tariffs imposed on some of the imported U.S. products from June 1.

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Five More Ocean Carriers Join DCSA

DCSA

The Digital Container Shipping Association welcomes five more members.

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DSME Wins Its Fifth LNG Carrier Order This Year

LNG carrier

DSME received an order for a 174,000 cubic meter LNG carrier from an Oceania owner.

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PSA, SATS Partner Up to Make Singapore Key Multimodal Hub

PSA

PSA, SATS establish sea-air connectivity to promote Singapore as a key multimodal hub.

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US Seizes North Korean Bulker for Violating Sanctions

North Korea flag

North Korea's bulker seized for allegedly violating U.S. and UN sanctions by illicitly shipping coal from the country.

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MPA Revokes Southernpec’s Bunker Operator Licence

Singapore

MPA Singapore revoked the bunker craft operator licence of Southernpec with effect from May 8, 2019.

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Värde Agrees Sale and Leaseback for Landbridge VLCC

Tanker

Värde Partners signed a VLCC sale and leaseback deal with Hong Kong's Landbridge VLCC International.

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Rotterdam, Guangzhou Become Sister Ports

Guangzhou

On May 7, the Port of Rotterdam Authority and Guangzhou Port Authority signed a partnership agreement.

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Pangaea Orders Ice-Class Bulker Pair from Guangzhou Shipyard

Bulker

Pangaea Logistics Solutions ordered two new Post-Panamax bulkers at Guangzhou Shipyard International.

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EU Should Encourage Asian Demolition Yards to Get on List

ngo-shipbreaking

Audited South Asian ship recycling facilities should receive "a fair chance" to get on the EU list.

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Samsung Heavy Halts Ops at Geoje after Fatality

Samsung Heavy Industries shipyard

Following a series of incidents caused by safety issues, Samsung Heavy ceased ops at its Geoje shipyard.

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Bumi Armada Wins Third FPSO Project in India

Bumi Armada FPSO

Bumi Armada joint venture secured the FPSO contract from India's Oil and Natural Gas Corporation.

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Trump Proposes Massive Hike on Chinese Tariffs

US President, Donald Trump

Trump is increasing the pressure on China to reach a trade agreement with a new tariff plan.

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Adani Gets Nod to Develop New Container Terminal in Yangon

Containers

Adani Yangon International Terminal has received an approval to develop a container terminal in Ahlon.

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Algoma Places Order for Equinox Bulker in China

Algoma Innovator

Algoma Central Corp exercised an option with Yangzijiang Shipyard to build a new Equinox Class bulker.

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Report: Adani Eyes Major Expansion Project at Mundra Port

Port

Adani Group plans to invest big to increase cargo capacity at the country's Mundra port.

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