Epic Gas Refinances 20 Ships with USD 201 Mn Loan

Epic Borneo

The USD 201 million facility has a five-year term and includes a USD 10 million tranche for future acquisitions.

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Readers' Picks of the Week

shipping

Here are the most read stories of the previous week.

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Total Launches 1st Boxship Giant-Ready LNG Bunker Vessel

LNG bunkering vessel

Total's first large LNG bunker vessel has been launched in China, the French energy major said.

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K Line, MOL and NYK Share Data with ONE via IoS-OP

ONE

Three Japanese shipping majors have begun sharing operational data with ONE through IoS-OP.

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Samudera Shipping Completes Supramax Duo Sale

bulker

Samudera Shipping Line has completed the sale of two of its Supramax bulk carriers.

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KHI: Ultramax FJM Glory Delivered at DACKS

Bulk carrier

Shipping company Stiringaster Line has taken delivery of FJM Glory, a 61,000 dwt bulk carrier newbuilding.

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Hutchison Ports Starts 2nd Phase of Karachi Port Expansion

Container terminal

Pakistan Deep Water Container Port is the country's only deep-water port.

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Global Piracy on the Decline, IMB Report Indicates

Piracy

Gulf of Guinea remains a high risk area, it was noted.

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Gazprom Neft Opens Marine Lubricants Company in Singapore

bunkering

Gazprom Neft establishes Gazpromneft Marine Lubricants, a new operating company with an office in Singapore.

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South Asian Shipbreaking Yards Claim 19 Lives This Year

Shipbreaking

Another 30 have been severely injured.

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DSME Wins Order for Five Boxships

DSME

Daewoo Shipbuilding & Marine Engineering receives a contract to build 5 containerships.

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MOL, Tohoku to Advance Study on Wind Challenger Installation

MOL

MOL, Tohoku Electric Power are to move ahead with a joint study related to the installation of Wind Challenger.

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LNG Shipping Rates Rise as Sanctions Hit Vessel Availability

GasLog

The LNG shipping market finally came to life when a combination of factors worked in tandem to squeeze the vessel supply.

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MPA: Inter-Pacific Petroleum Loses Bunker Craft License

Singapore

Bunker supplier Inter-Pacific Petroleum will no longer be allowed to operate in the Port of Singapore.

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Liberian Registry Boosts Presence in Asia

Liberian Registry

The Liberian Registry establishes an office in Imabari, Japan.

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Korean Shippers Join Forces to Get Qatari LNG Shipping Deals

LNG carrier

Five South Korean shippers are looking to create an alliance to secure Qatari LNG transportation orders.

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PETRONAS Conducts Its 3rd LNG Break-Bulking STS Tansfer

LNG

PETRONAS LNG completes its third delivery of LNG cargo through a break-bulking STS transfer to two ships.

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Trump Reaches Partial Deal with China, Delays Tariffs

Donald Trump

China agreed to more than double its annual purchases of American agricultural products as part of the deal.

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Readers' Picks of the Week

Shipping

Here are the most popular news from last week.

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Hyundai Samho Clinches Deal for VLCC

Hyundai Heavy

Hyundai Samho Heavy Industries has won a contract to construct a 300,000 dwt very large crude carrier.

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VV: Growth of Large LNG Sector to Continue into 2020

LNG carrier

VV: The sector is being driven by increasing demand as more countries prioritize LNG as an energy source.

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Shipping Industry Dented by Soybean Trade Developments

Bulker

Combined soybean exports from Brazil and the U.S. are down 7.8% in the first eight months of this year.

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MISC Orders LNG Carrier Duo, Inks Charter Deals with Exxon

Signing ceremony

MISC signed 15-year charter contracts with ExxonMobil for the new LNG carriers, ordered from Samsung Heavy.

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Maersk Tankers, Cargill, Mitsui Team Up to Cut GHG Emissions

Maersk Tangier

The trio would exploit existing fuel-saving technologies and explore new technical solutions to cut GHG emissions.

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NYK Takes Delivery of First Scrubber-Fitted VLCC

NYK crude oil tanker Tanzawa

The vessel was handed over on October 3 at Japan Marine United Corporation's Kure shipyard.

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Carnival Corp Breaks Ground on New Cruise Terminal in Japan

Carnival Corporation officially launched the construction of a new cruise terminal at the port of Sasebo

Carnival Corporation will construct and operate the new terminal, expected to open in summer 2020.

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Samsung Heavy to Build Six of the World's Largest Boxships

SHI, Evergreen signing ceremony

SHI and Evergreen signed shipbuilding deals for six ultra-large containerships, valued at USD 920 million.

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