Category: Maritime
Samsung Builds 1st LNG-Fueled Ships With Own Technology
South Korea’s Samsung Heavy Industries (SHI) informed it has successfully constructed its first LNG-fueled vessels with the shipbuilder’s own technology. The LNG-powered 113,000 dwt oil tanker pair delivered to an Asian shipowner early this year just compl...
Samsung Delivers Sixth MR Unit To Maersk Tankers
Denmark’s Maersk Tankers has received its latest medium range (MR) product tanker from Samsung Heavy Industries (SHI). Maersk Corsica was officially delivered to Maersk Tankers on April 26, two days after a naming ceremony at SHI’s Ningbo shipyard, in Chin...
China Acquires Stake In LNG Project
Russian gas producer Novatek has entered into agreements with two Chinese companies, allowing them to buy into the Arctic LNG 2 project. China National Oil and Gas Exploration and Development Company (CNODC), a subsidiary of China National Petroleum Corporatio...
Shipyard Begins Construction Of First Grimaldi GG5G RoRo Vessel
China’s Jinling Shipyard has started construction of the first hybrid roll-on/roll-off (RoRo) freighter for Italian shipping company Grimaldi Group. Danish marine consultancy Knud E. Hansen, which was in charge of designing the vessels, confirmed the milesto...
Samsung Secures Order For $970m FPSO Unit
South Korean shipbuilder, Samsung Heavy Industries (SHI) has received an order for the construction of a floating production, storage and offloading (FPSO) unit. The contract worth KRW 1.1 trillion (around USD 970 million) has been signed with an unnamed Asi...
NIMASA Extends AID To Ondo
The Nigerian Maritime Administration and Safety Agency (NIMASA) has continued its donation of relief materials to victims affected by flood and other disasters across the country. The Agency took the exercise to Akure in Ondo state where various items were do...
Hyundai LNG Shipping Orders First Very Large Gas Carrier
South Korean shipowner Hyundai LNG Shipping (HLS) has placed an order for the construction of one very large gas carrier (VLGC) at compatriot shipyard Hyundai Heavy Industries (HHI).The duo signed an agreement on April 16, 2019, which includes one optional...
AAMA Reiterates Commitment To Build Competitive Maritime Sector In Africa
The Chairman of the Association of African Maritime Administration (AAMA), Dr. Dakuku Peterside has reiterated the commitment of the African body to build a competitive maritime sector in Africa through continuous engagements and sharing of ideas. ...
LNG Firm Secures $700m Financing Option
Golar LNG Limited has received a firm USD 700 million underwritten financing commitment for the conversion of the floating liquefied natural gas (FLNG) vessel Gimi. The financing has been provided to Gimi MS Corporation, owned by Golar LNG Limited with...
Diana Shipping Approves $7m Share Buyback
Greek dry bulk owner Diana Shipping has signed a Memorandum of Agreement to sell its 2004-built Panamax bulker vessel Erato to an unaffiliated third party.The company said that the 74,444 dwt unit, built by China’s Jiangnan Shipyard, was sold at...
Hyundai Secures $600m Gas, Tanker Orders
South Korea’s Hyundai Heavy Industries has secured orders for five new gas and crude carriers, with a value of around USD 600 million, in recent weeks. The shipbuilder said that the units were ordered by European and Asian ship owners...
NPA Board Members Decry Condition Of Port Access Road
Board Members of the Nigerian Ports Authority (NPA) have added their voice to the perennial traffic gridlock on road leading to Port in Apapa and Tin-Can Island.While assuring that the Board would continue to identify with all efforts to find...
Group Unveils Agenda To Tackle Maritime Corruption
The International Maritime Organization (IMO) is to address maritime corruption by including the issue in its work programme for the Facilitation Committee. The decision to include an anti-corruption agenda came at the latest meeting of the IMO’s Facilitatio...