Region News Archive - World's Most Relevant Maritime Regions Updates

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Tsakos finds a buyer for its oldest VLCC

April 27th, 20180 Tsakos Energy Navigation (TEN) has found a buyer for its oldest VLCC, the 1998-built . The 301,171 dwt ship has been circulated by brokers since early January. The...

Region

Klaveness launches dedicated new combination carrier company

April 27th, 20180 Norwegian owner Torvald Klaveness has created a new company, Klaveness Combination Carriers (KCC). “The new company will be the leading owner and operator of modern...

Region

Vincent Bolloré charged with corruption

April 27th, 20180 Vincent Bolloré, a famous French name in the world of transport, has been given preliminary charges in an investigation into alleged corruption surrounding port deals...

Region

Troubled kamsarmax arrested and set for auction

April 27th, 20180 A ship with a chequered past is set for auction. The , a 2011-built kamsarmax bulker, has been arrested in Sri Lankan waters and is now set to be auctioned within the...

Region

Captain of bulker that sparked huge Indonesian oil spill faces lengthy jail sentence

April 27th, 20180 The Chinese master of the has been named a suspect in the massive oil spill off the coast of Balikpapan in Indonesia’s East Kalimantan. The captain and 21 members...

Region

International Transport Forum questions role of LNG as shipping’s fuel of the future

April 27th, 20180 The International Transport Forum (ITF), which is part of the OECD, has questioned the role of LNG as the future fuel for shipping. In a 38-page report issued this week...

Region

Lego family dismantles product tanker business

April 27th, 20180 The wealth fund owned by members of the Lego family is quitting the product tanker business after notching up losses. Kirk Kapital has announced it will sell its five...

Region

Maersk’s Skou calls for an end to government subsidies to rival lines

April 27th, 20180 The CEO of Maersk used his prime position yesterday addressing the annual Singapore Maritime Lecture in front of a host of dignitaries to call for an end to government...

Region

Sembcorp Marine and GTT sign licensing agreement

April 27th, 20180 Leading Singaporean shipbuilding group Sembcorp Marine has taken another big step in fulfilling its LNG ambitions. It has signed a technical assistance and license...

Region

Erin Energy files for chapter 11 bankruptcy protection

April 27th, 20180 Houston-based Erin Energy Corporation, which mainly focuses on offshore oil developments in Africa, has filed for Chapter 11 bankruptcy protection. Under the filing,...

Region

Shenghang Shipping looks to establish financial leasing arm

April 26th, 20180 Chinese domestic chemical tanker owner Nanjing Shenghang Shipping is planning to establish a financial leasing unit as part of its development strategy to expand its...

Region

McDermott management stands firm in face of growing Subsea 7 overtures

April 26th, 20180 Top management at American offshore firm McDermott International remain resolute against the takeover overtures from Kristian Siem’s Subsea 7. The board has reiterated...

Region

Fredriksen lifts stake in Avance Gas to near 20%

April 26th, 20180 John Fredriksen forked out NOK64.1m ($8.05m) yesterday to acquire 3 million Advance Gas shares via Hemen Holding, lifting his stake to 19.14% in the gas ship...

Region

Maersk and Sea Machines to trial AI situational awareness system

April 26th, 20180 Maersk has selected Boston-based Sea Machines Robotics to trial perception and situational awareness technology aboard one of the company’s newbuild...

Region

Norvic Shipping: Fleet about to broach the century mark

April 26th, 20180 Dry bulk operator Norvic Shipping is ramping up its organisation in line with the increasing fortunes finally seen in the sector. Mudit Paliwal joined the company in...

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Splash Dash

LNG not shipping’s green panacea, as IEA warns of ‘huge disruption’ over looming 2020 sulphur cap
A report out this week suggests LNG is not the panacea for shipping’s fuel concerns now that... Apr 19th, 2018 inEnvironment
Sinokor to take over 30 feeder boxships from Vroon
South Korean owner Sinokor Merchant Marine is taking over a fleet of 30 feeder containerships from... Apr 19th, 2018 inContainers
Weekly Broker: En bloc deals dominate
Activities in the secondhand bulker sale and purchase market kept up a steady trend this week after... Apr 19th, 2018 inOperations
Grindrod completes historic sale of its bunker division
South African transport giant Grindrod has sold its bunker subsidiary, Unicorn Bunker Services, for... Apr 19th, 2018 inBunkering
Lessons for effective and sustainable safety communications in the logistics industry
Des McGowan from Insync ponders whether we should focus on safety compliance or safety... Apr 19th, 2018 inContributions
International Transport Forum calls for greater, more harmonised use of port-based incentives
Port-based financial incentives to mitigate greenhouse gas (GHG) emissions currently remain... Apr 18th, 2018 inEnvironment

Tsakos finds a buyer for its oldest VLCC

Klaveness launches dedicated new combination carrier company

Vincent Bolloré charged with corruption

Troubled kamsarmax arrested and set for auction

Vantage Drilling jackup awarded Gabon contract by Total

Erin Energy files for chapter 11 bankruptcy protection

McDermott management stands firm in face of growing Subsea 7 overtures

Norvic Shipping: Fleet about to broach the century mark

19 tankers being held by Houthis in Yemen

KOTC splashes for four MRs at Hyundai Mipo

Former BP boss Browne joins Israeli maritime startup’s board

KOTC tanker fleet set to double through to 2040

Captain of bulker that sparked huge Indonesian oil spill faces lengthy jail sentence

Sembcorp Marine and GTT sign licensing agreement

MOL consolidates logistics business under new brand

Singapore collaboration to develop autonomous vessels

Shenghang Shipping looks to establish financial leasing arm

Lawsuits pile up against embattled Noble Group

Yangzijiang Shipbuilding acquires major stake in domestic bulker owner

CSC Phoenix reports risk of capacity shortage

Vantage Drilling jackup awarded Gabon contract by Total