PK OEM Parts is Shifting Up

From Parts Supplier to Total Provider

CO2 Leak on Bulker Kills 10, Injures 19 in China

bulker

A carbon dioxide leak on a ship killed ten and injured nineteen people in eastern China.

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Chemical Cargo Ignites aboard Boxship in Thailand Port

KMTC containership on fire in Thailand

Initial reports suggested that the fire broke out in cargo containing the chemical calcium hypochlorite.

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Readers’ Picks of the Week

Take a look at last week's most popular articles.

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Latest China Tariffs to Negatively Impact Port, LNG Sectors

containers

China's hike in tariffs on US imports will negatively affect LNG and port sectors.

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Seven Arrested over Illegal Sale of MGO off Jurong Island

Foreign-registered tugboat involved in the illegal transaction of MGO

Seven men arrested for their suspected involvement in an illegal transaction of MGO off Benoi Basin.

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Novatek to Develop Vietnam LNG Regasification Terminal

Yamal LNG project

The terminal would be part of Vietnam's integrated energy-generating project.

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Enesel Exercises Options for Suezmax Pair at Daehan

enesel

Greek shipowner Enesel declares its options for a crude oil tanker pair at Daehan Shipbuilding.

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Hyundai Heavy Clinches Deals for Two LNG Carriers

LNG carrier

Hyundai Heavy Industries has secured newbuilding agreements for two LNG carriers from European owners.

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K Line Cuts Executives' Pay by 10 Pct

kess

K Line reduces the pay of its executives from April 2019 by 10 pct.

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K Line: New Coal Carrier for JERA Delivered

miyagawa_maru

K Line takes delivery of Miyagawa Maru, a 100,000 dwt coal carrier.

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HMM Unveils New Corporate Identity

corporate identity

Hyundai Merchant Marine launches its new corporate identity to elevate brand equity.

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Pacific Basin Ups Funding Flexibility with USD 115 Mn Loan

Pacific Basin

Pacific Basin closed a new USD 115 million credit facility, secured over 10 of the company’s owned ships.

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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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