Sunday, August 19, 2018

Suez Canal to Grant Toll Reductions for Certain LNG Tankers

The Suez Canal Authority has announced toll reductions for LNG tankers that operate between the American Gulf, Arabian Gulf zone, India and its eastern...

International Chamber of Shipping Addresses CO2 Emissions on Eve of IMO World Maritime Day

The international Chamber of Shipping (ICS) delivered a strong message on the eve of IMO World Maritime Day. In a statement released by ICS, the...

Polaris Orders 10 VLOCs from HHI

South Korea’s Hyundai Heavy Industries (HHI) confirmed a deal to build 10 very large ore carriers (VLOCs) for USD 800 million. This will mark the...

Teekay and Brookfield Close Strategic Transaction

Teekay Corporation and Teekay Offshore Partners L.P.  today announced that they have completed their previously announced comprehensive transaction with Brookfield Business Partners L.P., together...

MISC Out of Tank Terminal Business

Malaysia's largest shipping line, Malaysia International Shipping Corporation (MISC) Berhad has entered into a Share Purchase Agreement (SPA) with Dialog Group Berhad for disposal...

Hapag-Lloyd Uses Environmentally Friendly Methods for Recycling Ships

Haag-Lloyd has set a standard in the way it is employing environmentally friendly techniques to recycle three of its older container vessels. The ships...

South Korea Aims to Build World’s largest LNG Fuelled Vessel

According to Yonhhap, South Korea intends to launch a pilot program to build the world's largest vessel fuelled by liquefied natural gas (LNG). The move...

COSCO Shipping Energy Transportation Receives USD 55 Million Subsidy

Cosco Shipping Energy Transportation (CSET) announced that it has received a government subsidy of USD 54.9 million under the scrap-and-build policy. The subsidy is part...

Scorpio Bulkers Acquires 6 Golden Ocean Ultramaxes

Scorpio Bulkers, after scaling back its fleet for the past 2 years, has decided to buy 6 Golden Ocean ultramaxes. Golden Ocean Group Limited (GOGL)...

President Trump Increases Sanctions Against North Korea

President Donald Trump issued an executive order that intends to impose additional sanctions against North Korea. The move comes on the heels of the recent nuclear missile...