FSL Trust Buys MR Product Tanker
FSL Trust Management Pte. Ltd. (FSLTM), as the trustee-manager of First Ship Lease Trust (FSL Trust), announced that FSL Trust has entered into a memorandum of agreement to purchase a 2007, Japanese-built, 45,998-dwt MR product tanker for $21.8 million. The acquisition will be financed through existing cash reserves that totaled $41.8 million at June 30, 2015. The vessel’s delivery is expected between November 1…
Hapag-Lloyd Likely to Price IPO at 23 eur/share
German container shipping group Hapag-Lloyd is likely to price its initial public offering (IPO) at the bottom of the price range, two people familiar with the process said on Monday.
Bestobell Secures Another Marine Order
Bestobell Marine has secured an order for its cryogenic globe and check valves for the second LNG carrier in the Yamal series of vessels being built at DSME shipyard in South Korea. After winning the contract to supply cryogenic valves to the first vessel that will be owned and operated by Russian company Sovcomflot, the company proved it had the expertise and capabilities to supply the second Yamal vessel, which will be owned and operated by Japanese shipping company Mitsui O.S.K. Lines (MOL).
Kongberg Releases K-SIM Cargo Handling Simulator Model
Press release- Kongsberg Maritime has released its latest K-Sim Cargo simulator model, SCC-II, based on a Suezmax crude oil carrier with 12 cargo tanks and two slop tanks. Shown for the first time at Kongsberg Maritime’s European Simulator User Conference in Gothenburg this September, the new simulator model enables integrated, real-time exercises based on actual ship specifications and performance data on liquid cargo handling operations.
Santos 2015 Exports at Record Pace - Codesp
Brazil's main Port of Santos is forecast to surpass record exports of 114 million tonnes set in 2013 by the end of this year, as the real's depreciation against…
Hurricane Patricia Brings Rain, Flooding to Louisiana
Torrential rainstorms battered Louisiana on Sunday, leaving thousands without power, after pounding southeastern Texas as the remnants of Hurricane Patricia converged with a second storm.
Unwanted Diesel, Jet Ships Could Sink Oil Prices
Backlog of vessels at port threaten loading delays; ships with half a million tonnes taking the long route to Europe. Unwanted diesel and jet fuel cargoes are backing…
Cheniere Says First LNG Export in January
LNG exports from Sabine Pass to start in January. Cheniere Energy expects to start receiving natural gas to convert into super-chilled liquid fuel at its first U.S.
Western Refining Offers to Buy Northern Tier
Oil refiner Western Refining Inc said it has offered to buy the shares of Northern Tier Energy LP it does not already own. Western Refining, which currently has…
USCG Investigating Unknown Substance in Lake Erie
The Coast Guard is responding to a report of a discharge of an unknown substance from the site of a sunken barge near Kelley's Island Shoal in Lake Erie, Sunday.
Hapag-Lloyd Upgrades WMX Network
Hapag-Lloyd informs about the upgraded West Africa Mediterranean Express (WMX) effective December 2015. We are pleased to inform you about our upgraded West Africa Mediterranean Express (WMX).
Transocean Puts Off Deliveries of Two New Drillships
Transocean Ltd. announced today a mutual agreement with its customer, Shell EP Wells Equipment Wells Services B.V. (Shell), and the shipyard, Daewoo Shipbuilding & Marine Engineering Co.
Kleven to Build Pelagic Trawler for Gitte Henning
Norwegian shipbuilder Kleven announced it has signed an agreement with Danish fishing vessel owner Gitte Henning AS to build a combined pelagic trawler/purse seiner.
Wärtsilä to Launch Innovation Contest
Wärtsilä launches an innovation contest, Wärtsilä Marine Mastermind, aimed at start-up companies and entrepreneurs, in connection with the start-up event Slush.
Antwerp Port on exploratory mission to Iran
A delegation from the port of Antwerp headed by port alderman and Port Authority chairman Marc Van Peel paid a visit to Iran last week. The delegation which was…
IRClass Acquires Safess Quality Management
IRClass Systems and Solutions Pvt Ltd (promoted by Indian Register of Shipping), has acquired cryogenic vessel inspection firm Safess Quality Management Pvt Ltd (SQML) and its subsidiary…
ASF Reports Ship Recycling Facilities Improvements in Alang
The Asian Shipowners’ Forum (ASF) visited ship recycling yards in Alang, India this week and took the opportunity to hold dialogue with SRIA, following the first…
GAC to Showcase Bespoke Services for Gas Carriers at Gastech
GAC is showcasing its full range of ship agency and related services for gas carriers at the Gastech, where GAC’s groundbreaking ‘HullWiper’ ROV system will also be on display.
Is Oil Industry Backing Away From Offshore Arctic Drilling ?
The principal difficulty for Arctic offshore drilling right now, according to oil industry think tank, is economic. The companies may be back for another try at Arctic offshore drilling, in U.S.
HSL May Hand Over Bulk Carrier to Navy
Hindustan Shipyard Limited (HSL) may sell its bulk carrier under construction at the yard to the Indian Navy, reports the Hindu. Goodearth Maritime Limited (GML)…
