-
Gas
GasLog charters up to nine LNG carriers to BG Group
London: GasLog is to charter three of its large LNG carrier newbuildings to Methane Services (MS), part of BG Group, plus up…
Read More » -
Europe
ECSA and ICS welcome EU plan for migrants crisis in Mediterranean
London: The European Community Shipowners’ Associations (ECSA) and the International Chamber of Shipping (ICS) have welcomed the EU’s new 10-point plan…
Read More » -
Uncategorized
Class action lawsuit against Genco to launch in New York
London: New York-based law firm Levi & Korsinsky intends to bring a class action lawsuit in the New York Supreme Court…
Read More » -
Containers
Hapag-Lloyd orders five new containerships
London: Hamburg-based container carrier Hapag-Lloyd has placed an order for five new 10,500-teu containerships at Hyundai Samho Heavy Industries, South Korea.…
Read More » -
Environment
Claims of declining ship efficiency are ‘fanciful’, says ICS
London: A study that claimed that modern ships are less efficient than 20-year-old vessels has been dismissed as ‘fanciful’ by the…
Read More » -
Dry Cargo
Bumper week for scrapping capesize bulk carriers
London: Buyers in Pakistan cleaned up this past week, elbowing Bangladesh out of the way to acquire the week’s biggest…
Read More » -
Africa
Suezmax tanker fixtures show more loading in West Africa and the Caribbean
London: Crude-hungry Asian economies and US refiners are diversifying the sources of their crude oil imports – to the benefit of suezmax…
Read More » -
Europe
KfW IPEX-Bank adds €1.3bn in commitments to German national ship finance scheme
London: German bank KfW IPEX-Bank has added €1.4bn in commitments to shipping finance over the past year, according to its…
Read More » -
Americas
Ultrapetrol suffers impairment loss from failed ship sales
London: Ultrapetrol’s former owners have turned down an offer to purchase four vessels from the company, which has incurred an…
Read More » -
Americas
ABS Group names new president and CEO
London: Todd Grove has been named as the president and CEO of the ABS Group of Companies. Grove was previously…
Read More » -
Europe
Maersk Oil cuts 200 jobs as oil price declines
London: Maersk Oil has cut 200 jobs in an effort to reduce its operating costs by 20% over the next…
Read More » -
Europe
Nordic American Offshore delays PSV deliveries
London: Nordic American Offshore (NAO) has delayed delivery of its two platform supply vessels being built at the Vard Aukra shipyard, Norway.…
Read More » -
Dry Cargo
Capital Product Partners equity offering could raise up to $140.3m
London: After announcing a public offering of 12.8m common units in its limited partnership yesterday, Capital Product Partners says the units will…
Read More » -
Europe
Navios fixes a VLCC and two MR2 tankers
London: Navios Maritime Acquisition Corp has fixed a VLCC to Shell and two MR2 product tankers on one-year timecharters. The…
Read More » -
Europe
Jacobsen replaces Ackermann as Evergas CEO
London: Steffen Jacobsen has been named as the new CEO of Evergas, effective May 8. Jacobsen has been vice-president of…
Read More » -
Americas
China has “no interest” in funding the Nicaragua Canal
London: Chinese state-owned companies are not interested in getting involved in the Nicaragua Canal construction project, administrator of the Panama…
Read More » -
Americas
Capital Product Partners plans equity offering to fund debt repayments
London: Capital Product Partners (CPLP) is planning a public offering of 12.8m common units representing limited partnership interests, from which the…
Read More » -
Middle East
Warships searching cargo vessels off Yemen could cause food shortages
London: Personnel from Saudi-led coalition warships are searching at least five cargo ships for weapons off Yemen, which could lead…
Read More » -
Gas
Another Avance Gas VLGC is sent to dry-dock for inspection
London: A second brand-new Avance Gas VLGC is to be sent for dry-docking after its sister ship experienced technical difficulties…
Read More » -
Americas
DryShips’ slumping share price threatens its NASDAQ listing
London: DryShips’ share price has traded below $1.00 for the last 30 consecutive business days, prompting a written notice from…
Read More »