News

July 18, 2018

ICS Encouraged by IMO Progress on 2020 Global Sulphur Cap Implementation Issues

The International Chamber of Shipping (ICS) says it is encouraged by efforts made by IMO Member States to resolve some pressing practical challenges ahead of...

July 18, 2018

Seaspan Completes 1st Tranche Of Warrant Investment With Fairfax

Seaspan Corporation, the world’s largest independent containership owner operator, announced the exercise by certain affiliates of Fairfax of all the warrants issued (more…)

July 18, 2018

Scorpio Tankers: Sale & Leaseback Agreements for 7 Product Tankers

Scorpio Tankers announced that it has agreed to sell and leaseback six MR product tankers (STI San Antonio, STI Benicia, STI St. Charles, STI Yorkville,...

July 18, 2018

Transocean Announces 11-Well Contract for GSF Development Driller I

Transocean announced that the ultra-deepwater semisubmersible GSF Development Driller I was awarded an 11-well contract (approximately 955 days) commencing offshore Australia in the first half...

July 18, 2018

OSG orders two 50,000 dwt chemical tankers at HMD

Overseas Shipholding Group (OSG) announced that it has signed binding contracts with Hyundai Mipo Dockyard Company for the construction of two 50,000 deadweight tons class...

Malta-flagged Iranian crude oil supertanker "Delvar" is seen anchored off Singapore in this March 1, 2012 file photo. The United States expects countries that buy oil from Iran to further reduce their purchases if they want to avoid U.S. sanctions, a State Department source said on December 5, 2012. REUTERS/Tim Chong (SINGAPORE - Tags: BUSINESS POLITICS ENERGY MARITIME)

July 18, 2018

China’s crude import growth slips into the red; may fall further

The pace of growth in China’s crude imports may slow in H2 as a cocktail of lower runs at independent refiners, potential delays in the...

July 18, 2018

Beijing, Tokyo and Seoul aid shipbuilders as rivalry deepens

Shipbuilders in China, Japan and South Korea are locked in a struggle for survival amid a global supply glut and shrinking market, as each government...

Containers are seen at the Piraeus Container Terminal, near Athens, Greece, June 6, 2016. REUTERS/Alkis Konstantinidis

July 18, 2018

Piraeus posts new container handling record

Container handling by Cosco’s subsidiary at the port of Piraeus recorded a new historic high in June. (more…)

July 17, 2018

Hyundai Heavy wins 836.5 bln won LNG ship order

Hyundai Heavy Industries Co. said Tuesday it has received a 836.5 billion won (US$744 million) order to build four liquefied natural gas carriers for a...

July 17, 2018

Vale notches record Q2 iron ore, pellet output despite trucker strike

Brazil’s Vale SA achieved record iron ore and pellet production for a second quarter despite a nationwide trucker strike that paralyzed Latin America’s largest economy...

July 17, 2018

Ezra’s restructuring proposal falls through

Ezra Holdings on Tuesday said that its binding proposal with financial consultancy specialist Asia Fund Space (HK) Ltd (AFS) has fallen through on July 16...

July 17, 2018

ABS to Class FSRU for Turkey’s Oil and Gas Distributor

ABS was selected to class a floating storage and regasification unit (FSRU) for BOTAS, Turkey’s oil and gas pipeline operator. (more…)

July 17, 2018

HK port June throughput falls further

Container throughput at the Port of Hong Kong dropped further in June, falling 4.5% overall to 1.67m TEU. (more…)

July 17, 2018

BW LPG to Nominate Three Directors to Dorian LPG Board

BW LPG has submitted the names of three director candidates to stand for election at Dorian LPG’s 2018 Annual General Meeting of Shareholders. (more…)

July 17, 2018

China’s Q2 GDP growth softens as trade row stirs concerns on outlook

China’s economy expanded at a slower pace in the second quarter as Beijing’s efforts to contain debt hurt activity, while June factory output growth weakened...