Firm Seals Charter Deal With Maersk, MSC

Firm Seals Charter Deal With Maersk, MSC

German shipping major Hapag-Lloyd has signed a space charter agreement with the members of the 2M Alliance – Maersk and Mediterranean Shipping Company (MSC). Under the arrangement, the space charter deal will give Hapag-Lloyd access to selected services of 2M...
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Firm Receives 1st LNG-Powered Tanker

Firm Receives 1st LNG-Powered Tanker

Marine Vicky, Singapore’s first LNG-fueled bunker tanker, has been delivered to its owner, Sinanju Tankers Holdings.The 8,000 dwt newbuild, which was named in September 2019, was built at Keppel Nantong Shipyard in China. Featuring a length of 102.8 meters a...
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Firm Secures Contract For Another FPSO Vessel

Firm Secures Contract For Another FPSO Vessel

Japanese FPSO supplier, MODEC has signed a contract with Woodside Energy to supply a Floating Production Storage and Offloading (FPSO) vessel for Senegal’s first offshore oil development project.  MODEC currently operates three FPSOs in Ghana and Côte ...
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Hyundai Secures $280m Orders For Two Ships

Hyundai Secures $280m Orders For Two Ships

Hyundai Samho Heavy Industries, part of South Korea’s Hyundai Heavy Industries (HHI) Group, has received two new orders that have a combined worth of KRW 323.7 billion (USD 280.2 million). Under the first deal, the shipbuilder will build a very...
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Feeder Ship Operators Fault Amended Dockers’ Clause

Feeder Ship Operators Fault Amended Dockers’ Clause

European short-sea and feeder ship operators are challenging efforts by the International Transport Workers’ Federation (ITF) to redefine container lashing as a cargo handling activity in order to bring it under the control of unionized dockers. The redefini...
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South Africa Decries Slow Growth Of Ship Registry

South Africa Decries Slow Growth Of Ship Registry

The South African Maritime Safety Authority (SAMSA) is disappointed with the slow growth of the South African Ship Registry, ascribed partly to lack of common vision and understanding among state entities. “We started the year with enthusiasm, hoping that by...
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Tanker Thwarts Pirate Attack In Nigeria

Tanker Thwarts Pirate Attack In Nigeria

Turkish Suezmax tanker Istanbul on Tuesday December 24, 2019 foiled a pirate attack while sailing some 180 nautical miles southwest of Brass, Nigeria. The ship was approached by a high-speed craft with 9 armed men aboard trying to board the...
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Firm Takes Delivery Of 1st LNG Carrier

Firm Takes Delivery Of 1st LNG Carrier

Dubai-based Tristar Group has taken delivery of its first liquefied natural gas (LNG) tanker, the 2008-built Tristar Ruby. Formerly known as the British Ruby, the 155,000 cbm tanker was bought from French company Societe Generale, according to data provided by...
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Maersk, Firm Seal Partnership On 11 New  Ships

Maersk, Firm Seal Partnership On 11 New Ships

Danish tanker owner and operator Maersk Tankers is set to add eleven tankers to the fleet under its management, following an agreement with BP Shipping and ICBC Financial Leasing. The agreement involves three Suezmax, three MR and five Handy-sized vessels,...
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LNG Firm Secures $629m Loan

LNG Firm Secures $629m Loan

Bermuda-based LNG carrier  owner, Flex LNG will obtain a new USD 629 million financing for five newbuilds scheduled for delivery in 2020.  Earlier this month, the company received firm commitments from a syndicate of eleven banks and the Export-Impor...
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Firm Stakes $380m on Six Containerships

Firm Stakes $380m on Six Containerships

Hong Kong-based Seaspan Corporation has signed an agreement to buy a fleet of six containerships for USD 380 million in cash. The company explained that that the transaction is expected to be financed from additional borrowings as well as cash...
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ITF Seeks Urgent Action Against Rising Piracy In Gulf Of Guinea

ITF Seeks Urgent Action Against Rising Piracy In Gulf Of Guinea

On the back of two piracy attacks on vessels in Gulf of Guinea last week, the International Transport Workers’ Federation called for urgent global and regional cooperation to fight piracy in the region. The latest incidents occurred in early November...
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Shipping Firm Loses Charter Deal

Shipping Firm Loses Charter Deal

Greek shipowner Diana Shipping revealed that a time charter contract for one of its Post-Panamax bulkers has been canceled. Diana recently entered into the time charter deal for its ship Polymnia with Dubai-based Al Ghurair Resources International. “Chartere...
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Total Unveils 1st LNG Bunker Vessel

Total Unveils 1st LNG Bunker Vessel

Total’s first large Liquefied Natural Gas (LNG) bunker vessel has been launched in China. According to the  French energy major, the vessel is slated for delivery in 2020 and will operate in Northern Europe where it will supply LNG to...
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