Shipping News

This page features all the latest news from tankers, dry bulk, shipbuilding, containers, boxships, LNG carriers or piracy

Shipping News

thomas-cook

September 23, 2019

Peter Fankhauser, the chief executive of Thomas Cook, apologized on Monday for the liquidation of the world’s oldest travel company. (more…)
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crude oil export korea

September 23, 2019

Refinery outages in Saudi Arabia following attacks on its oil facilities could deal a blow to the shipping industry’s preparations for the biggest switch in...
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LNG

September 23, 2019

At least five laden liquefied natural gas (LNG) tankers changed course from Europe to Asia and a rising number of other tankers were being used...
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ships

September 20, 2019

The Baltic Exchange’s main sea freight index, tracking rates for ships ferrying dry bulk commodities, fell for the 11th consecutive session on Thursday, marking its...
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shell-agrees-long-term-charters-for-14-new-lng-fueled-tankers

September 20, 2019

Royal Dutch Shell has loaded the first cargo of low-sulphur fuel oil (LSFO) from its Pulau Bukom refining site in Singapore, it said on Thursday....
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LNG

September 19, 2019

The next wave of U.S. liquefied natural gas (LNG) export projects will be “tougher” to bring online, as companies with existing facilities take advantage of...
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bulker

September 19, 2019

BIMCO expects the fundamental market balance to deteriorate in 2019 which will do nothing to improve freight rates as the 2020 sulphur cap nears. (more…)
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ships

September 19, 2019

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, slipped for the tenth successive time on Wednesday as...
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SDSC

September 18, 2019

Shandong Shipping Corp signed tanker charter contracts on Tuesday with Royal Dutch Shell Plc to provide shipping and logistic services for the European company's oil...
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Supertanker

September 17, 2019

U.S. crude export demand at the Gulf Coast surged on Monday, traders said, as the window to export crude profitably to Asia and Europe was...
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ships

September 17, 2019

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, stretched its losing streak to an eighth straight session...
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pilides

September 16, 2019

Cyprus plans to abolish initial ship registration fees in a bid to boost the Cypriot registry’s competitiveness and attract more vessels, Deputy Minister for Shipping...
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ships

September 16, 2019

The global shipping industry is about to undergo one of the biggest changes in its recent history with concerns lingering about just how safe the...
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BIMCO_

September 16, 2019

A joint project from BIMCO and the Association of Ship Brokers & Agents (U.S.A.), Inc. (ASBA) to develop a standard gas tanker voyage charter party...
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Credit: LPhot Rory Arnold
Pictured here is Type 23 Frigate HMS MONTROSE (front) and Type 45 Destroyer HMS DUNCAN (rear) escorting the Tanker HELLESPONT PRIDE through international shipping lanes in the Gulf. 
Nearly six million tonnes of British shipping has been safeguarded by the Royal Navy in the first two months of protecting vessels from Iranian aggression.
Nearly 90 British merchant ships were safely shepherded through the Strait of Hormuz by frigate HMS Montrose and destroyer HMS Duncan during a hectic two months responding to threats by Teheran.
Montrose passed through the narrow gateway to the Gulf 38 times – each time harassed by Iranian forces, from radio taunts and drones watching every move overhead through to Revolutionary Guards wielding rocket launchers and fast missile boats racing up menacingly.
The Plymouth-based frigate, which completed the first phase of its escort duties on Thursday [AUG 29], was forced to fire flares on more than a dozen occasions as she warned off the Iranian forces.
The ship prevented the Iranians seizing the British Heritage, performing a ‘handbrake turn’ at full speed and training all her guns on the tanker’s harassers.
But just nine days later Iranian troops succeeded in hijacking the Stena Impero while Montrose was helping to protect other shipping half an hour away.

September 13, 2019

Britain’s decision to send warships to the Strait of Hormuz has helped to stabilize commercial shipping through the critical chokepoint weeks after Iran seized a...
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