Sector
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K Line adopts ‘LNG+’ plan to meet IMO’s 2030 goals
One of the world’s keenest users of LNG as a fuel has admitted his company needs an “LNG +” plan…
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Equinor targets near zero emissions by 2050 as part of new emissions reduction plan
Energy major Equinor has announced new climate ambitions to reduce absolute greenhouse gas emissions from its offshore fields and onshore…
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Top Ships exits MR1 product tanker segment with double sale
Evangelos Pistiolis led product tanker owner Top Ships has announced the sale of the two MR1 product tankers in its…
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MMEA detains Ocean Tankers vessel
Malaysian Maritime Enforcement Agency (MMEA) has detained Singapore-registered oil tanker along with 20 crew members off Penang on Sunday. According…
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Bust Haizhou Shipyard listed for auction
The administrators of bankrupt Zhejiang Haizhou Shipyard has listed the entire assets of the shipyard for auction as part of…
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Tarbit Shipping books up to four dual fuel chemical tankers at Yangzijiang
Swedish owner Tarbit Shipping has placed an order at China’s Yangzijiang Shipbuilding for the construction of up to four LNG…
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CDB Leasing orders post-panamax bulker pair at Chengxi Shipyard
CDB Leasing, the financial leasing unit of China Development Bank, has placed an order at CSSC Chengxi Shipyard for the…
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Gulf Marine Services awarded pair of new contracts
UAE-based liftboat operator Gulf Marine Services (GMS) has been awarded two new contracts. One of the company’s small K-Class vessels…
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Weekly Bunker: 2020 starts with a bang
Its 2020. VLSFO is more expensive than MGO. #WorldWar3 is one of the highest trending tags on Twitter. Brent crude…
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Court detains Dryships panamax bulker at Zhenjiang
Nanjing Maritime Court has arrested the 2017-built panamax bulker at Zhenjiang Port at the request of grain trader Sinograin. Sinograin…
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Shipping on alert as Iran vows revenge for deadly American drone strike
Merchant shipping heading through Middle Eastern waters has been placed back on high alert over fears Iran may retaliate to…
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Houston has a bunkering problem with alarming levels of sediment reported
An alarming 60% of proposed blends for making 0.5% low sulphur fuel oil in Houston, America’s top bunkering destination, have…
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Radziwill ditches Nasdaq plans
John Michael Radziwill’s GoodBulk has officially yanked its American initial public offering plans, withdrawing its Nasdaq filing earlier this week.…
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Pacific Radiance appoints James Pang as new CEO
Singapore offshore vessel operator Pacific Radiance has appointed James Pang and Anthony Pang to take over the key roles of…
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Cosco terminates asphalt carrier charter with Xin Yuan
Hong Kong-listed asphalt carrier specialist Xin Yuan Enterprises has entered into an agreement with subsidiaries of Cosco for the early…
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Floatel and Prosafe extend merger agreement
Major offshore accommodation platform operators Floatel and Prosafe have extended the long stop date in their merger transaction agreement from…
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Borr Drilling secures relaxation of financial covenants
Tor Olav Troim’s Borr Drilling has agreed with its financing banks to make certain amendments to its financial covenants. The…
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Will 5G change logistics and ports?
The recent conference and summit circuit in Singapore has had a strong focus on technology and how it will forever…
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Zhejiang Henghui Shipping orders chemcial tanker at Yangfan Shipbuilding
Chinese owner Zhejiang Henghui Shipping has entered into a shipbuilding contract with Yangfan Shipbuilding for the construction of a 23,000…
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Subsea 7 appoints new management team
Norwegian offshore service provider Subsea 7 has announced the appointment of a new management team. As previously announced, the company…
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