Belships Acquires Ultramax Bulk Carrier
Norwegian shipping company Belships ASA has entered into an agreement to acquire a secondhand 63,000 dwt bulk carrier M/V Sofie Victory.The ultramax vessel was built at New Times Shipbuilding…
DEME Wins Elbe Deepening Contract
DEME, an international group of specialized companies involved in complex marine engineering works, has won a major contract to carry out the deepening of the Elbe…
LR Intros World's Largest Autonomous Ship
UK classification society Lloyd’s Register (LR) has joined with ST Engineering Electronics (STEE), Mitsui & Co., and Smart City Solutions to develop the world’s…
HHLA Strengthens Intermodal Network
Metrans AS, a subsidiary of terminal operator Hamburger Hafen und Logistik AG (HHLA), has ordered ten Vectron MS locomotives from Siemens Mobility Czech Republic.The…
Nord/LB Sells Shipping Loans for USD2.9bln
German lender Norddeutsche Landesbank (Nord/LB) has completed the sale of a EUR 2.6 billion (USD2.9bln) shipping loan portfolio. The bank recently announced its…
S.Korea's LPG Imports to Grow: Drewry
South Korea’s liquid petroleum gas (LPG) imports are expected to increase 9.5% in 2019 on account of the growth is due to stronger demand from the petrochemical…
ICG Sells Oscar Wilde Ferry to MSC
Dublin-based maritime transportation group Irish Continental Group (ICG) has entered into a bareboat hire purchase agreement for the sale of the cruise ferry “Oscar…
CSA 2020 Welcomes Samsa Decision on EGCS
South African Maritime Safety Authority (SAMSA) has decided to allow the use of exhaust gas cleaning systems (EGCS) in its territorial waters and ports ahead of…
Study Shows LNG Forming Pathway to IMO 2050
Greenhouse Gas (GHG) reductions of up to 21% are achievable now from LNG as a marine fuel, compared with current oil-based marine fuels over the entire life-cycle…
Teekay Gets ECA-backed Newbuild Loan
Teekay Offshore Partner, a marine energy transportation, storage & production company, has signed for a shipping export credit agency (ECA)-backed US$414m debt facility…
APM Launches Gothenburg Gateway
APM Terminals, an international container terminal operating company headquartered in The Hague, said that its Gothenburg unit has launched The Gothenburg Gateway.Gothenburg…
Shoei Kisen to Deliver 4 Vessels to Yang Ming
Taiwanese ocean shipping company Yang Ming Marine Transport Corporation and Japan's Shoei Kisen Kaisha signed charter agreements for four new 11,000 TEU containerships…
IMO Maritime Single Window Progress
A successful International Maritime Organization (IMO) project promoted by Norway to establish a maritime "single window" in Antigua and Barbuda has been completed…
New Ferry the Red Kestrel Completed
Merseyside shipbuilder Cammell Laird has completed the building the $13 million ferry the Red Kestrel, for Isle of Wight ferry operator Red Funnel.The Red Kestrel, a new freight-only RoRo vessel, sailed away from Cammell Laird’s famous River Mersey shipyard following a nine-month build program. In total the project used 45 British supply chain businesses and generated 3000 man hours of work for Cammell Laird's apprentices.
TOP Ships Commences Charter With BP
Tanker vessels owner TOP Ships announced its recently delivered scrubber fitted Suezmax tanker M/T Eco Bel Air, constructed at the Hyundai Samho shipyard in South Korea, commenced a previously announced time charter employment with BP on April 11, 2019.The revenue backlog expected to be generated by this fixture, assuming all options are exercised, is about $47.5 million. For 2019 alone, this charter is expected to increase revenue by $6.6 million.
Spectrum of the Seas Delivered
Cruise line Royal Caribbean International officially took delivery of the 26th ship in its fleet, 169,000 grt Spectrum of the Seas, in a ceremony Thursday in Bremerhaven, Germany.The first ship in the Quantum-Ultra class, the Meyer Werft built Spectrum of the Seas measures 347.1 meters long and 41.4 meters wide. Altogether, the vessel has 18 decks with 2,137 cabins offering space for 4,246 passengers in double occupancy and 1…
Odyssey III: Refurbish and Re-engine on the Potomac
There are many fine and elegant places to dine in Washington DC, but few offer the comfort and opulence to match the M/V Odyssey III. Her sleek, low profile superstructure designed to pass under the Potomac River bridges contains enough space to provide all the essentials of a grand evening. Cocktails, dinner, dancing and perhaps most importantly, the beauty and romance of watching the city lights…
Shell Quits Gazprom-Led Baltic LNG Project
Royal Dutch Shell has decided to withdraw from the Baltic liquefied natural gas (LNG), its joint project on the Russian Baltic coast with Gazprom after the Russian…
Maryland Act Boosts Offshore Wind Market
Maryland state lawmakers have passed the Clean Energy Jobs Act (CEJA) of 2019, which would incentivize the development of 1.2 GW of additional offshore wind energy…
Total, Exxon Sign for Papua New Guinea LNG Project
French energy giant Total and its partners ExxonMobil and Oil Search have signed the Gas Agreement with the Independent State of Papua New Guinea defining the fiscal…
