MC-Class Vessels Incorporated in BigLift Fleet
This week, BigLift Shipping’s BigLift Baffin arrived in Singapore to deliver a crane boom and luffing frame for Heerema Marine Contractor’s new flag ship Sleipnir from the Huisman wharf in Xiamen…
Team Tankers Announces $206 Mln Acquisitions
206 MILLION Acquisition of Laurin Shipping AB, Anglo-Atlantic Steampship and related entities announced. Upon completion of tranactions, Team Tankers' fleet will grow to 52 from 37 vessels.
LNG Carrier Seri Camar Delivered to MISC
MISC Group has taken delivery of the 150,200 CBM liquefied natural gas (LNG) carrier Seri Camar, the fourth in a series of five newbuild MOSS-Type Seri C Class vessels built by Hyundai Heavy Industries (HHI). Owned by MISC, the Malaysian-flagged Seri Camar joins sister vessels Seri Cenderawasih, Seri Camellia and Seri Cempaka on long-term charter to PETRONAS. The delivery brings the current number of MISC’s LNG fleet to 28 vessels.
HSH Nordbank Sold to Buyout groups Cerberus, Flowers
Germany's HSH Nordbank, formerly the world's largest ship financier, is being sold to private equity firms as it emerges from crippling writedowns and state bailouts…
Hapag Lloyd Triples 2017 Profit
Full-year operating profit up by 226 percent; full figures, guidance due on March 28. German container shipping firm Hapag-Lloyd on Wednesday reported its 2017 operating profit more than tripled…
Tanker Scrapping is on the Rise -Vessels Value
Tanker demolition is on the rise as 3.5 million DWT has been scrapped so far in 2018, according to Vessels Value. Each factor played a part as the decision to remove a ship from service varies depending on the financial situation of the owner. Some may be motivated as the $/t offered price offsets enough of their remaining mortgage on a ship to allow them to move out of a low cashflow market, while others may remove a ship after it completes a long-term storage contract.
First Daegu-class Frigate Delivered to Korean Navy
The Republic of Korea Navy (RoKN) has taken delivery of its first Daegu-class (FFX-II) frigate. South Korea’s defense procurement agency, Defense Acquisition Program…
SolstadFarstad, Yxney Maritime Roll Out Fuel Efficiency Software
SolstadFarstad and Yxney Maritime AS have completed a pilot project to develop and roll out the fuel efficiency and emission reduction software MarESS. During the pilot…
Unified Command to Tackle Oil Spill in Shuyak Strait, Alaska
Coast Guard and Alaska Department of Environmental Conservation have established a Unified Command in response to an oil spill 49 miles north of Kodiak in Shuyak Strait, Tuesday.
- 1
- 2
