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Thursday, 15 September 2016 |
Fearnleys Week 37 2016 |
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The VLCC market ex MEG saw steady demand during latter part of last week, but the lukewarm sentiment did not carry over into this week. Source: Fearnleys A.S... |
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Thursday, 15 September 2016 |
Hanjin crisis brings new headache to U.S. importers; trailer shortage looms |
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The bankruptcy of Korea’s Hanjin Shipping Co Ltd is causing ripple effects for importers bringing goods from Asian factories to U.S. malls by creating a shortage of trailers to move ocean-shipping containers on U.S. roads. The bankruptcy of Korea’s Hanjin Shipping Co Ltd is causing ripple effects for importers bringing goods from Asian factories to ...... |
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Thursday, 15 September 2016 |
Bureau Veritas plays a major role in pioneering LNG in ship-to-ship bunkering |
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Classification society Bureau Veritas is supporting the adoption of clean fuel LNG through the classification of both vessels in the world’s first ship-to-ship LNG bunkering operation between two independent ocean-going vessels. On September 3rd 2016, Terntank Rederi’s M/T Ternsund bunkered LNG from Coral Energy, a Dutch small scale LNG vessel owned by Antony Veder and ...... |
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Thursday, 15 September 2016 |
G-Type Engine Notches Up 1500 Orders |
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Just six years after its introduction, MAN Diesel & Turbo has confirmed an order for the 1500th G-type engine. Greek ship operator, Almi Tankers, will take delivery of the ultra-long-stroke 7G80ME-C9 type as prime movers for the two 317,000-dwt VLCC to be built by HHI (Hyundai Heavy Industries Group) in Korea. Coincidentally, Almi Tankers also ...... |
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Thursday, 15 September 2016 |
DryShips Inc. Announces Deleveraging Transaction and Vessel Sale |
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DryShips Inc., or the Company, an international owner of drybulk carriers and offshore support vessels, today announced that it has reached an agreement with Sifnos Shareholders Inc. (“Sifnos”) to convert $8.75 million of outstanding principal amount under the previously announced Secured Revolving Facility Agreement (“Revolver”) to 3.5 million preferred shares. Each preferred share will have ...... |
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Thursday, 15 September 2016 |
Diana Containerships Inc. Announces Amendment to Loan Agreements |
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Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, today announced that it has amended its US$148 million loan agreement with The Royal Bank of Scotland plc dated September 10, 2015 (the “Loan”) and its US$50 million loan agreement with Diana Shipping Inc. (DSX) dated as of May 20, 2013 (as ...... |
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Thursday, 15 September 2016 |
Singapore’s Marco Polo Marine seeks to delay bond payment |
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Singapore’s Marco Polo , a marine logistics firm that counts oil and gas firms as clients, wants bond holders’ nod to defer payment of notes worth $37 million, the latest oil-related firm in the city-state to show financial strain from crude’s drop. The offshore and marine sector in Singapore has been pummelled as clients have ...... |
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Thursday, 15 September 2016 |
Asia Fuel Oil-Traders see a flurry of trading on higher fuel oil prices |
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Marginally higher fuel oil prices led to a flurry of trading in Singapore on Wednesday as traders took opposing views on the short-term direction of the market. Six trades for 380-cst high sulphur fuel oil were reported in the Platt’s window, although there were more than double that number of bids and offers. “A couple ...... |
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Thursday, 15 September 2016 |
Alphatron Marine signs maintenance contract with Chemgas Shipping |
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Alphatron Marine has announced the signing of a premium member contract with Chemgas Shipping. Covering eight gas carriers, the contract will unburden their organisation, ensure optimised operation and reduce daily running costs for the next years. Situated in Rotterdam, the largest sea port of Europe, Chemgas Shipping ships LPG and operates a modern fleet of ...... |
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Thursday, 15 September 2016 |
HTB brings in Ebner as CEO |
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German shipping fund manager recruits 45-year-old from DII.... |
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