Stronger US-China Ethane Trade to Boost Demand for VLECs

VLEC

Ethane trade on the U.S.-China route has the potential to create demand for about 30 VLECs, Drewry said.

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Frontline Buying Up to 14 Suezmax Tankers from Trafigura

Tanker

The company signed a deal to purchase ten 2019-built tankers, with options for four more units.

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DP World's Profit Surges in Uncertain Trade Environment

DP World

Profit for the period increased to USD 753 million, representing a growth of 26.8% on a reported basis.

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iContainers: Two Factors to Further Disrupt 2019 Peak Season

Containers

IMO 2020 sulphur cap, earlier than usual 2020 Chinese New Year would "further disrupt and unsettle supply chains."

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Vista Shipping to Finance New Tankers with USD 111 Mn Loan

Finance

The loan would be used to finance four new LR1 product tankers being built at Guangzhou Shipyard.

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Wallenius Wilhelmsen Hit with Criminal Cartel Charges

Wallenius Wilhelmsen; Don Quijote

The alleged cartel conduct is related to shipping of certain vehicles to Australia between June 2011 and July 2012.

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Seasonal Variations Push Höegh LNG into the Red

Hoegh Grace

The company's net loss was at USD 3.6 million, against a profit of USD 4.5 million reported in the previous quarter.

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Stena Bulk Meets Iran’s Zarif over Stena Impero Release

Stena Impero

The company and Iran's Foreign Minister had "a constructive dialogue" on the release of the vessel held since July 19.

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GriegMaas Welcomes Latest Ultramax to Its Fleet

Star Damon

The Ultramax is the fifth vessel in the joint venture's fleet.

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Misdeclared Cargo Fines Unlikely to Change Rogue Shippers

APL Le Havre on fire off Gujarat, India

Eight fire incidents occurred aboard ships carrying containers this year alone.

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Global Ports Holding Vying for Puerto Rico Cruise Port

Puerto Rico cruise port

The company has secured two cruise port concessions in America so far this year.

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UK Ports' Performance Not Hurt by Political Uncertainties

Container port

2018 data showed stable port freight tonnages overall, with only a 0.1% difference on the previous year.

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ADS Crude Carriers to Pay More for Scrubber Installations

VLCC

The expected investment increased to around USD 6.5 million, from the previously guided USD 5.5 million per vessel.

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Navios Acquisition Agrees Sale and Leaseback for 10 Ships

Tanker

The transactions are expected to reduce Navios Acquisition's debt by USD 33.4 million or 3% of outstanding debt.

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Alphaliner: HMM to Add 34 Ships to THE Alliance's Network

HMM containership Hyundai Drive

The company would contribute 519,000 TEU in ships to the network, Alphaliner cited HMM's earlier revealed plans.

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CSSC (Hong Kong) Shipping Secures USD 600 Mn Loan

Finance

On August 20, the company confirmed it received a financing letter from an undisclosed bank in relation to the loan.

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Maran Gas Places Order for Its 6th LNG Carrier at DSME

LNG carrier Maran Gas Amphipolis

The new 174,000 cbm unit is scheduled for delivery by the fourth quarter of 2021.

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Essar Ports Eyes Cargo Throughput of 60 Mn Tons in FY20

Essar Ports

Essar Ports expects to meet its target of handling 60 million tons of cargo in FY 2020.

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ZIM Returns to Black in 2nd Quarter

ZIM containership

Recovering freight rates saw a partial decrease in H1 2019, while bunker prices remained highly volatile.

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BBC Chartering Welcomes Its New CEO

BBC Chartering

Germany-based shipping company BBC Chartering has appointed Ulrich Ulrichs as a new CEO of the company.

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Flex LNG Reports Loss but Expects Improvement

Flex LNG

Due to the weaker LNG shipping market, Flex LNG closed the first half of this year with a net loss.

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Indonesia to Implement Sulphur Cap on Schedule

Shipping

The rule would apply to all Indonesian-flagged vessels starting January 1, 2020, both for domestic and foreign shipping.

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Better Spot Rates Help Odfjell Shrink Loss

Next quarter is expected to be slightly affected by the seasonal slowdown in the chemical tanker market.

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Napier Port Debuts on New Zealand's Exchange

Napier Port

New Zealand's Napier Port completes NZD 234 million IPO that would enable it to fund its long-term investment program. 

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Australia Joins US-Led Coalition to Protect Ships in Hormuz

Australian flag

Australian is to work alongside international partners to assure security of merchant vessels in the Strait of Hormuz.

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Two Methanol-Fueled Newbuilds Join Waterfront Fleet

methanol-fueled

Waterfront Shipping and Marinvest welcomed two new, clean-burning vessels to the Waterfront fleet.

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Ship Finance to Install Scrubbers on 7 Boxships

Containership

The ships in question are ranging in size from 8,700 to 10,600 TEU.

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