Category archives: Shipping Market

Ship Finance sales two VLCCs

Ship Finance International Limited announced that it has agreed to sell the 1998 and 1999 built VLCCs Front Champion and Golden Victory to unrelated third parties. The Company has simultaneously ...

Exmar and Teekay confirm LPG pair at HHIC

EXMAR  announces two keystone events in its Caribbean FLNG project:

On 5 th November , Pacific Rubiales Energy Corp. and Gazprom Marketing & Trade Limited announced the execution of a Heads of ...

CMA CGM extends its coverage of Algeria with Djen Djen

CMA CGM extends its coverage of Algeria by adding a call at Djen Djen. Effective October 2013, the MALTA-BEJAIA feeder adds a weekly call at Djen Djen, along the following ...

Baltic Trading acquires two Capesize vessels

Baltic Trading Limited  announced  that it has agreed to acquire two 179,185 dwt Capesize vessels for an aggregate purchase price of $103.0 million. The acquisition is subject to ...

P3 keeps foot on accelerator, says Drewry

Although most ocean carriers’ recent financial results suggests that more slow steaming should be on the way, P3’s members are not so disposed.

Maersk Line, MSC and CMA CGM ...

MOL to open new office in Switzerland

Mitsui O.S.K. Lines (MOL), one of the world's largest global multimodal transportation companies, will open its own office in Switzerland as part of its strategy to grow ...

NAT to create a new offshore supply vessel company

Nordic American Tankers (NAT) announced that it is coordinating the establishment of Nordic American Offshore Ltd. (NAO), a new company that plans to purchase, on certain conditions, six platform supply ...

Vessel operating costs expected to rise over the next two years

Vessel operating costs are expected to rise by more than three per cent in both 2013 and 2014 according to a new survey by international accountant and shipping consultant Moore ...

21st century shipping – how will the industry evolve?

The maritime industry faces a decade of rapid and comprehensive change in trade, vessels, crewing and many other areas, a conference organised by The Nautical Institute’s London Branch heard ...

Drewry: P3 leaves door open for competitors

Competitors of the budding P3 alliance will heave a sigh of relief that only moderate capacity growth is planned in its forthcoming schedules between Asia/Europe and Asia/North America ...

Dorian LPG acquires VLGC fleet from Scorpio Tankers

Dorian LPG Ltd.  announced that it has entered into an agreement with Scorpio Tankers Inc. whereby Scorpio Tankers will contribute its entire Very Large Gas Carrier ("VLGC") newbuilding contracts, together ...

Largest Keppel FELS contract well under way

Earlier this year, Blue Water signed a contract with Keppel FELS - the global leader in the design, construction and repair of mobile offshore rigs - for the heavy-lift transportation of 6 ...

Multraship’s Muller appointed president of ISU

LEENDERT Muller, managing director of leading towage and salvage specialist Multraship, has been appointed the new president of the International Salvage Union (ISU).

The appointment was confirmed at the annual ...

Drewry: Container Insight Weekly

Shipper demand for 40ft high-cube containers is still increasing, creating stowage problems for ocean carriers and analytical difficulties for trade forecasters using teu measurements.

The proportion of 40ft high-cube (9ft ...

J. Lauritzen sales ten product tankers

J. Lauritzen has now concluded an agreement to sell its fleet of ten wholly-owned product tankers to Hafnia Tankers. It is the intention that all vessels will be delivered to ...

Boskalis completes sale of Dockwise Yacht Transport activities

Royal Boskalis Westminster N.V. (Boskalis) has successfully completed the sale of the activities of Dockwise Yacht Transport (DYT). These activities are to be transferred to Sevenstar Yacht Transport B ...

Marshall Islands Registry continues strong growth

International Registries, Inc. and its affiliates (IRI) provide administrative and technical support to the Republic of the Marshall Islands (RMI) Maritime and Corporate Registries. The RMI Registry is the third ...

BOURBON sells three vessels

BOURBON announces that it sold 3 vessels, including a tug, an MPSV (Multi-Purpose Supply Vessel) from the Subsea Services fleet and a PSV (Platform Supply Vessel), for an approximate total ...

Boskalis completes sale of SMIT Gladston towage operation

Royal Boskalis Westminster N.V. (Boskalis) has successfully completed the sale of its Australian harbor towage business to its strategic partner Smit Lamnalco. The sale had already been announced in ...

Moore Stephens welcomes EC decision to maintain maritime state aid guidelines

International accountant and shipping adviser Moore Stephens has welcomed a decision by the European Commission to keep in place in their current form the guidelines relating to state aid to ...

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