Sinotrans joint ventures to order five LNG carriers An existing Dynagas LNG carrier. Credit: DynagasSinotrans Shipping has entered into a series of joint ventures with Dynagas and CLNG to build five LNG carriers that will operate on the Yamal LNG project in northern Russian. The project is part of a liquefied natural gas plant at Sabetta in the...
HHI named preferred bidder for SK E&S LNG ships Credit: Hyundai Heavy IndustriesSouth Korea's Hyundai Heavy Industries (HHI), the world's biggest shipbuilder, has been named as the preferred bidder to build three liquefied natural gas (LNG) carriers for SK E&S. HHI is expected to secure the contract for three 180,000 m3 membrane-type carriers in 1H16 after negotiations with SK E&S...
DSME to issue new shares to KDB to raise USD353 million South Korean banknotes. Credit: PAFacing a liquidity crisis, South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering said on 22 December that it will issue 82 million new shares to increase its capital by KRW414 billion (USD353 million). DSME has been doing all it can to raise money after revealing in July...
Chinese yards may have to offload jackups at bargain prices Anyone wanting to acquire a jackup rig at a bargain price need look no further than shipyards in China, according to a report from Oslo-based international law firm Wikborg Rein. It should be possible to find a high-specification drilling rig at a knock-down price, according to a company global offshore projects...
China's phased-in ECAs to have low impact on ship operators Credit: Danny CornelissenThe impact of China's decision to implement emission control areas will be cushioned by low fuel prices and the country's relatively less stringent sulphur content. On 2 December, China's Ministry of Transport announced the creation of three Emission Control Areas (ECAs) in the Pearl River Delta (PRD), Yangtze River...
China's top ports still recording rising volumes Shanghai container port. Credit: Southern Cross MaritimeThroughput at China's top 20 container ports rose 4% in the first 11 months of the year compared with 2014 as most of the mainland terminals continue to grow volumes despite slowing trade, putting the brakes on exports.Data from the Shanghai Shipping Exchange show...
CMES orders six VLCCs Shanghai-based shipowner China Merchants Energy Shipping (CMES) has confirmed the construction of six new very large crude carriers (VLCCs) at a total price of USD522 million or USD87 million for each vessel. The newbuildings are part of CMES's fleet expansion programme for construction of 10 eco-friendly VLCCs as announced earlier in...
Outlook 2016: Every port in a storm With the container shipping industry under pressure, how will the crisis affects ports and what plans are in place for 2016
Dutch shippers raise concerns over liner monopolies EVO survey reveals shippers fear of increased carrier consolidation, but also indicates wider industry volatility
Frosty market for supramaxes ahead of holiday season BSI hovers around record low amid talks of cold lay-ups
Schueler out as Maersk Line embarks on new round of job cuts Chief commercial officer to leave after less than three years as more than 100 job cuts at Maersk HQ are revealed
Petrobras terminates contracts of two blocked Solstad PSVs Four-year charters cut short due to availability of Brazilian tonnage
Yard Talk | Untimely tiger? Vietnam's push to expand shipbuilding capacity should be taken seriously
Sinotrans finalises joint ventures with Dynagas, China LNG for five LNG carriers Vessels have expected delivery dates between 2017 and 2019
Thun Tankers acquires product tanker from Nordic Tanker Tanker to be renamed Thun Greenwich
KSS Line orders another VLGC from Hyundai Heavy Industries Ship expected to be delivered by end May 2017
Abbot Point port expansion approved by Australian government Annual export capacity will increase to 120m tonnes from 50m tonnes after expansion
International Shipholding Corp to be delisted from NYSE Company's shares now trade on OTCOX Best Market
New Panama Canal locks opening to miss April 2016 target Inauguration expected in second quarter 2016
Dorian LPG adopts 'poison pill' plan to fend off hostile takeovers Shareholder rights plan exercisable if stakeholder acquires 15% or more of Dorian's common stock
Sri Lanka's Colombo Port surpasses previous record in containers handled Volumes to date have already hit port authorities' target for the year
Dan-Bunkering forms joint venture in Colombia 'The strategic location is perfect.'
Panama project 'almost complete' 'The locks are scheduled to be completed in mid-January.'
Fratelli Cosulich acquires bunker trading company 'The acquisition is consistent with the growth plans embarked on by Fratelli Cosulich.'
Patent application filed for 'unique' scrubber technology US firm has already developed system to remove sulphur from bunker fuel.
Company files patent application for 'unique' scrubber technology US firm has already developed system to remove sulphur from bunker fuel.
Senate support for LNG bunkers On inland waterways.
Bunkers sales up at Colombo On the back of increased shipping activity.
ANALYSIS: Tight Brent/WTI spread poses challenge for US crude stocks A deeper contango offered by NYMEX crude makes US storage more profitable than elsewhere.
SSA: Delegates at COP21 in Paris failed to 'seize the moment' Swedish Shipowners' Association has submitted its own plan for fossil free shipping to the government.
Ohio ISC's last steamship undergoes dual-fuel conversion Engine can be modified to use LNG as bunker fuel.
Shipowner association expresses 'disappointment' of COP21 SSA: Delegates in Paris failed to 'seize the moment'.
South Africa: 'Opportunity' for bunker storage, says President Zuma delivers statement on country's development in 2015.
NYMEX RBOB settles 5% lower; ICE Brent sets 11-year intraday low Analyst says prices have further room to fall.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
