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Algoma Central Corporation announced today that it has entered into a contract with Yangzijiang Shipyard. Equinox Class standards to achieve better fuel efficiency, improved speed at lower engine power, and enhanced deadweight capacity. Algoma took delivery of the...
Taiwanese containerline Wan Hai places a new order with SHI. Containerships worth between US$474m and $500m.  13,000 teu ships delivery expected by Q2 of 2023. Wan Hai orders four boxships at South Korea’s SHI, says an article published by...
Stena Bulk is taking two brand new eco Medium Range (MR) tankers on long-term time charter from unnamed Japanese partners, says an article published in Offshore Energy. About the MR tankers The two MR tankers are being built at Hyundai Mipo...
Oldendorff Carriers is pushing forwards with its fleet expansion efforts, having revealed a fresh round of business deals with Japanese partners, says a press release published on their website. Oldendorff's acquisitions Earlier this year, Oldendorff ordered a 182,000 dwt eco Capesize...
Yang Ming Marine Transport Corp. (Yang Ming) took delivery of one more new 11,000 TEU container vessel, 'YM Tiptop' to further enhance Yang Ming's operating competitiveness, reports Xindemarinenews.  Delivery service route The vessel will be deployed to Far East - South...
Waigaoqiao Shipbuilding successfully christened the 210,000 DWT Newcastlemax bulk carrier "PENG MAY" built for Foremost Group, reports Xindemarinenews. About the vessel This is the ninth of the 10 bulk carriers of this batch built by Waigaoqiao Shipbuilding for Foremost Group, and...
Total has rebranded itself as TotalEnergies, as it moves to transform itself into a broader energy company, says an article published in Argus Media. Company rebranding Net-zero emissions The rebranding is part of the company's plans to reduce reliance on oil...
Valhal Shipping has been among the most active cape buyers in the second quarter of the year, with its recently sealed third cape purchase in 2021, spending over $80m in the segment. Vessel valuation VesselsValue data shows Valhal is behind the...
Oceanteam ASA and its joint venture partner Bourbon have reached an agreement to sell the construction support vessel Bourbon Oceanteam 101, owned by the joint venture company Oceanteam Bourbon 101 AS, reads the company press release. NSF agreement The Sellers and...
Hong Kong-listed China Development Bank (CDB) Financial Leasing has purchased eleven bulk carriers via its wholly-owned subsidiary at a total cost of $140.45m, reports the Seatrade Maritime News. The vessels sellers are 11 companies incorporated in the Marshall Islands, which...
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