January 17, 2019
In late December 2018, two vessels operated by Ocean Network Express (ONE), namely “MOL TRUST” and “MOL TRADITION”, set a loading record of 18,694 TEU...
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The Wire
January 17, 2019
Ocean Yield has agreed to acquire a 2016-built Suezmax tanker with a 13-year bareboat charter to Okeanis Eco Tankers. (more…)
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January 17, 2019
Seaspan announced that it has prepaid a credit facility which was secured by eight of its vessels. (more…)
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January 17, 2019
The Ocean Alliance partners presented their new service offering, which would see the carriers utilize 330 containerships. (more…)
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January 17, 2019
A “reduced appetite” for ordering ultra-large container vessels (ULCVs) and carriers instead aspiring to become global logistics integrators could finally balance container capacity supply with...
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January 17, 2019
After a slow start to the week an injection of activity mid-week has seen VLCC rate nudge up slightly, although for modern ships only. (more…)
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January 17, 2019
Piracy increased on the world’s seas in 2018, with a marked rise in attacks against ships and crews around West Africa, the International Chamber of...
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January 17, 2019
European refiners are increasing low sulfur fuel oil production in preparation for the January 2020 implementation of a 0.5% global marine fuel sulfur cap, sources...
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January 17, 2019
South Korean shipbuilders, which emerged as the world’s No. 1 in terms of new orders in 2018 on increased demand for LNG ships, are anticipating...
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January 17, 2019
Aegean Marine Petroleum Network announced that the U.S. Bankruptcy Court for the Southern District of New York has approved its revised final motion related to...
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January 16, 2019
Sembcorp Marine announced that its subsidiaries Sembcorp Marine Repairs and Upgrades Pte. Ltd. (“SMRU”) and Semb-Eco Pte Ltd (“Semb-Eco”) have, on 15 January 2019, entered into a...
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January 16, 2019
Scorpio Tankers announced that its board of directors has determined to effect a one-for-ten reverse stock split of the Company's common shares, par value $0.01...
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January 16, 2019
British lawmakers defeated Prime Minister Theresa May’s Brexit divorce deal by a crushing margin on Tuesday, triggering political chaos that could lead to a disorderly...
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January 16, 2019
Russian state-owned shipping company Sovcomflot said on Tuesday that uncertain conditions in the freight market are delaying its long-planned initial public offering (IPO). (more…)
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January 16, 2019
FSL-25 and FSL-26, wholly-owned subsidiaries of the First Ship Lease Trust and respective owners of the LR2 Product Tankers “Torm Margrethe” (now renamed “FSL Piraeus”)...
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