BW Pacific plans to go public in Oslo BW Pacific, the product tanker unit in the Singapore-based BW Maritime group, plans to go public on the Oslo Stock Exchange, the company has announced. The initial public offering (IPO) is expected to be launched in the fourth quarter of 2015, subject to stock exchange approval and favourable
Finland's Hercules-2 marine engine project gets €16.8M from EU A major marine engine project has secured nearly EUR17 million (USD19 million) from the EU's Horizon 2020 programme to create an adaptable fuel-flexible large ship engine able to operate optimally according to the vessel's environment and conditions. Hercules-2 is a three-year project and involves
Rumoured sale of Ridgebury fleet could become tanker benchmark Shipping analysts at Arctic Securities in Oslo said that if rumours of US-based Ridgebury Tankers selling its 15-strong fleet are realised, it could become a new benchmark of valuation of tankers. The Ridgebury fleet comprises seven Suezmaxes, six medium-range product tankers, and two Aframaxes.
Sevan Marine says irregular payments likely in Petrobras contracts Sevan Marine, the listed Norwegian technology company that developed cylinder-shaped drilling rigs, says that irregular payments have likely taken place in contract negotiations with Petrobras and the Norwegian police has been alerted in the matter. The company commissioned a Norwegian law firm to
MPA launches new facility, commences training programme The Maritime and Port Authority of Singapore (MPA) on 19 October launched a new training facility in its academy. The new training facility is in PSA Building along with many other MPA's divisions, making the facility more accessible to MPA officers. "The new dedicated training facility at MPA
Technic Oil ventures into Indonesian oil and gas industry Singapore-listed offshore service provider Technic Oil & Gas (Technic Oil) has entered an agreement with Indonesia-based energy service company PT Elnusa Fabrikasi Konstruksi (Elnusa) to seek opportunities in Indonesian oil and gas industry. The agreement was signed by Technic Oil's wholly owned
The curse of the economies of scale Ever-increasing ship sizes may be coming up against the laws of economics
GasLog completes $1.3bn debt financing for eight newbuildings Seven out of eight vessels chartered to BG Group for seven to 10 years with one vessel remaining open
Diana Shipping agrees capesize, panamax time charter contracts Third time-charter deal in a week with rates steady
Data hub: Freight rates Overcapacity continues to plague the spot market
Vale posts record quarterly iron ore production Miner reports best quarterly production of iron ore despite shutdown of some less efficient operations
CSSC to inject $99m capital in engine research unit The funds are expected to enhance the shipbuilder's competitiveness
Cruiseship industry sizzles in China but analysts warn of risk Chinese players consider orders at domestic yards to initiate competition with foreign cruise shipowners
Handysize rates drift lower Another week passes, with no improvements in handysize freight rates.
Asia-west coast South America trade offers cascading opportunities, say analysts SeaIntel highlights potential for Asia-Europe carriers to redeploy their 9,000-plus teu vessels on Asia-South America west coast routes
Data Hub: Trade Routes Transpacific trades benefit from increased demand
Between the Lines Product differentiation on Asia-US east coast
Australia's Coastal Trading Act 'a failure' Amending Bill could open coastal routes to foreign companies
More capacity cut as Asia demand falls Mediterranean Shipping Co cancels Black Sea service
Swire Pacific's marine services unit to incur loss in 2015 Offshore division expects to book impairment charges due to cancelled contracts
Flinterstar stern tanks perforated Oil leak under control after cargo shift
BW Pacific plans IPO and listing on Oslo Stock Exchange Flotation will help fund company's newbuilding programme
Malaysian maritime forces foil tanker robbery in Singapore Strait No injuries were reported among the tanker's crew
General Dynamics Nassco delivers LNG-powered boxship to Tote Vessel was delivered two months ahead of schedule
Santos ships first cargo of LNG from $18.5bn Gladstone project South Korea-bound cargo being transported by 90,000 dwt MISC vessel
Greece to put off ports privatisation by one month Authorities push back bid submission dates for both Piraeus and Thessaloniki
Two tankers collide off western Japan Coast guard working to clear up 13 km oil slick
Epic Gas sees improvement in pressurised LPG markets for 2016 Specialist in small-sized LPG carriers reckons overcapacity should ease
Disabled workers thrive in distribution centers The warehouse and distribution industry is hiring high-functioning adults with behavioral disabilities to address a looming labor shortage, and employers have discovered that for functions such as pick-and-pack, inventory storage, shipping, receiving, tagging and labeling, the new workers are performing at or above the level of the existing workforce. Driver shortages...
APM Terminals targets reefer growth in Costa Rica An artist's rendering of the Moin Container Terminal.APM Terminals is banking on a doubling of Costa Rica's refrigerated container exports over the next 15 years and improvements in reefer technology to fuel its ambitious investment in the deep-sea Moin container terminal. Phase 1 of the new terminal is slated to open...
Long Beach CEO: Cargo surges are ports' biggest issue PALM SPRINGS - Labor issues contributed to West Coast port congestion this past year, but it is the cargo surges from big ships and the "extraordinary randomness" of container discharges and truck visits to marine terminals that will be the longer-lasting problems for ports, according to Long Beach CEO Jon...
2M cuts Asia-Black Sea capacity LONDON - Mediterranean Shipping Co. and Maersk Line today announced the withdrawal of direct services between Asia and the Black Sea as the 2M Alliance partners react to slumping traffic and plummeting freight rates. MSC said it is withdrawing its "Great Sea" service in response to "unexpectedly" low demand on the head-haul...
Yard worker killed Sri Lankan inquest hears iron post fell on 46-year-old while he was working on Russian vessel.
Oil majors up interest in VLCC period deals Exxon Mobil and BP follow Shell in for period tanker contracts for AET and Greek vessels.
Containerships eyes another bond sale Finnish boxship owner considers second debt issue to fund further expansion.
Ferguson seals $150m ro-pax order Rejuvenated Scottish yard to build two large ferries for state-backed CalMac.
Maersk merges two services to the Med Nine vessels set loose after AE3 and AE15 services are brought together.
Avic halts Catic deal Chinese yard group scraps takeover of Shanghai logistics firm after getting tangled in red tape.
GasLog rakes in $1.3bn loan to fund newbuilds New York-listed owner says its orderbook is fully funded by giant debt facility.
Global Liman takes more Turkish ports operator snaps up company that owns stake in Valletta cruise terminal.
Almi Spirit cleared Greek-owned aframax continues its voyage as normal after pirate attack off Malaysia.
China VLCC selling duo CMES and Sinotrans joint venture agrees deal to offload 2008 and 2009-built tankers for $133m.
Seadrill distances itself from Sevan probe Oslo-listed driller stresses investigation into possible Petrobras bribes focuses on time before its investment.
Drugs worth $227m found on ship Italian authorities say 20 tons of hashish were hidden on Cook Islands-flagged general cargoship.
HMM misses deadline Reports claim Korean owner has not yet completed $580m sale of Hyundai Securities stake to Orix.
Pacific Basin brings end to buying drought Hong Kong-listed Pacific Basin Shipping is said to have opened its cheque book for the first time since May 2014.
BW Pacific sets course for Oslo stock listing Products tanker owner with $1.6bn fleet plans to be first shipping listing in Norway this year.
Trogir stands alone Danko Koncar-owned yard hails end of state support two years after privatisation.
ZPMC fights Petrofac contract axe Chinese yard to contest oil and gas firm's decision to tear up deal for multipurpose offshore ship.
ZMPC fights cancellation Chinese yard to contest Petrofac's decision to tear up deal for multipurpose offshore ship.
Olympic laying up trio Norwegian owner making 60 staff redundant as it stacks two AHTSs and one PSV.
Shake-up at Great Lakes America's largest dredging company initiates review of potential strategic alternatives.
Swire Pacific in profit warning Oversupply of offshore tonnage set to impact full-year results at Hong Kong conglomerate.
GLNG ships first cargo MISC gas carrier lifts first LNG shipment from giant Santos project off eastern Australia.
Study: Using Arctic sea route 'worse' for climate than sailing via Suez Canal Fuel and associated CO2 savings more than offset by warming potential of other emissions, even if using LNG.
German shipping firm retrofits box ship for LNG capability Government-backed project could mark the start of a series of vessel conversions.
Study: Using Arctic sea route 'worse' for climate than Suez Canal Fuel and associated CO2 savings more than offset by warming potential of other emissions, even if using LNG.
Mauritius eyes million tonne bunker market Bunkering development good for local economy, says IBIA's Peter Hall.
Marine anti-fouling paint wins award for innovation 'This award is fantastic recognition of the pioneering work carried out by our scientists.'
Dubai: LNG Bunkering next year? Report of FSRU being equipped with small-parce, gas discharge facility.
Mauritius: Big potential for shipping and bunkering, says minister Speaking at IBIA event on Indian Ocean island.
Gibraltar: LNG bunkering will be offshore Government seeks to clarify plans.
Djibouti: Offshore bunkering to begin in November Deliveries will initially be of MGO and 380 cSt intermediate fuel oil.
New managing director at Veritas Petroleum Services 'We are very pleased to have Ron,' says CEO of VPS.
NASSCO delivers 'world's first' LNG-powered boxship The ship will 'dramatically decrease emissions and increase fuel efficiency'.
Embracing change Singapore's requirement for mass flow meters could reshape the competitive landscape says Fratelli.
More MFM-equipped bunker tankers at Singapore Number of tankers using MFM technology increases to 35.
LNG bunkering stations planned for Iceland German and Icelandic authorities team up on project.
South American bunker player adds team member Leonardo Salame joins Oceanbat.
German shipping firm retrofits boxship for LNG capability Government-backed project could pave way for more vessel conversions.
Tanker firm takes delivery of modern newbuild 'New standard for both cargo efficiency and bunkers consumption,' says Concordia Maritime.
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