Japan
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Asia
Mizuho Sangyo puts newcastlemax pair up for sale
Japan’s shy bulker mammoth Mizuho Sangyo is offloading two newcastlemaxes, the 203,000 dwt Azul Challenge and a sister ship, Azul…
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Asia
KNOT clinches 15-year shuttle tanker charter with Total
Knutsen NYK Offshore Tankers (KNOT), a joint venture betwenn NYK and Knutsen, has sealed a time-charter contract with Total for…
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Americas
Cracks found on Modec FPSO off Brazil
Cracks have been found on the hull of Modec’s troubled off Brazil. All crew have been evacuated from the vessel,…
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Europe
Estoril Navigation snaps up MOL LR1 tanker
Greek tanker owner Estoril Navigation has acquired 2007-built Japanese LR1 tanker , according to brokers. Seasure Shipbroking and Advanced Shipping…
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Asia
MOL offloads elderly VLCC
Japanese shipping heavyweight Mitsui OSK Lines (MOL), who has 31 VLCCs in its stable, has just let go of one…
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Europe
Navision revealed as taker of NYK handymax
The taker of the the 51,000 dwt , a ship sold by Nippon Yusen Kaisha (NYK) in June for $12.3m…
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Asia
Modec raises $1.1bn to refinance Brazilian FPSO
Japan’s Modec says that an affiliate of the company has issued a project bond in the international capital markets to…
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Asia
SR Shipping resurfaces with supra swoop
One of South Asia’s most prolific buyers in 2016, Bangladesh’s SR Shipping has added its first ship in years. Staying…
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Asia
Modec confirmed as buyer of Euronav VLCC
Japanese FPSO operator Modec has been confirmed to be the buyer of Euronav’s 2005-built VLCC . Euronav announced the sale…
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Asia
MOL and Cosco seek further joint venture gas shipping projects
Japan’s largest shipping line has firmed ties with China’s biggest maritime conglomerate. Mitsui OSK Lines (MOL) and Cosco Shipping Energy…
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Asia
MOL joins Asahi Tanker on the electric vessel circuit
Four Japanese companies are joining forces to develop and promote the infrastructure necessary to drive the use of electrically powered…
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Asia
MOL commits to synthetic methane in bid to move towards zero-emissions fleet
Mitsui OSK Lines (MOL), one of the largest shipowners in the world, is championing synthetic methane as a route to…
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Asia
K Line debuts new ore carrier design
Japan’s Kawasaki Kisen Kaisha (K Line) and compatriot Namura Shipbuilding have received a joint approval in principle for the concept…
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Asia
K Line hit with record $23.5m Australian fine in latest car carrier cartel criminal investigation
Japanese shipping company Kawasaki Kisen Kaisha Ltd (K Line) has been convicted of criminal cartel conduct and ordered by the…
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Asia
Union Maritime MR2 buy sees Chiba Shipping exit tankers
UK-based shipowner Union Maritime has acquired 2010-built Japanese MR2 tanker , according to brokers. According to Seasure Shipbroking and Advanced…
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Middle East
Japan Drilling Company jackup pair extended off Qatar
Japan Drilling Company jackup rig pair Hakuryu 10 and Hakuryu 12 have both been awarded one-year extensions by North Oil…
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Asia
NYK develops crew pay platform
Nippon Yusen Kaisha (NYK) has formed a joint venture with Philippines-based conglomerate Transnational Diversified Group to launch an electronic money…
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Europe
Gianluigi Aponte bets on ONE and Hapag-Lloyd merger
At the first annual meeting of the newly born Italian shipowner association, Assarmatori, the executive chairman of Mediterranean Shipping Company…
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Asia
More modern cape tonnage put up for sale
More modern cape tonnage from this decade is finally being circulated for sale. After a four-month hiatus, the first cape…
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Asia
Japan mulls changing its constitution in order to protect oil supplies through Hormuz
Japanese politicians spent Sunday debating whether the country’s Self-Defense Forces (SDF) troops should take part in a US-proposed coalition to…
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