Grindrod Shipping Seals Transaction With a Japanese Ship Owner
Nasdaq-listed Grindrod Shipping has sealed a sale and leaseback transaction with a Japanese ship owner.
The transaction is for 2010-built 33,100 dwt handysize dry bulk carrier IVS Knot.
Vessel was sold for $13m...
2019 List of Flags and Recognized Organizations Came Into Effect This July
It was decided in the 52nd meeting of Paris MoU Committee last year that the 2018 inspection results warrant the adoption of new performance lists for flags and Recognized Organizations (ROs) which will take...
Current Futures Prices and Refiner Processing Options
IMO 2020-compliant marine fuel purchase for vessels without scrubbers will start in the next three months, VLSFO being the primary IMO 2020 compliant product.
Future contracts should begin trading in volumes sufficient to...
[Watch] Mammoth Cruise Ship Almost Crashes into Venice Port
A terrifying footage has captured the moment a giant cruise liner lost control in strong winds and almost crashed into a Venice port, says an article published in One News Now.
What happened?
'Costa Deliziosa' cruise...
Royal Caribbean Gets Third LNG Cruise Ship by Meyer Turku
Meyer Turku Shipyard seals a deal for its third Icon class cruise ship for Royal Caribbean Cruises.
Construction of the 200,000 gross tonnage cruise ship will begin in spring 2020 and be delivered...
‘Peak Season’ Witnesses Haphazard Spot Rates and Container Carriers
Asia-Europe ocean carriers fail to push up container spot rates as they head into the peak season, with a slippage for rates.
The North Europe component declined by a further 1.9%, to $688...
Wartsila-COSCO Tie Up To Strengthen Scrubbers Market in China
In a major development, the technology group Wärtsilä has announced that they have signed a Memorandum of Understanding (MoU) with COSCO Shipping Heavy Industry covering the development of local production resources, thus ensuring further...
Maersk Supply Service Renews Fleet Xpress Contract
MSS has signed a three-year contract extension with Inmarsat for its new dedicated bandwidth service Fleet Xpress.
Advocates digital solutions to optimize vessel operations and adopted a new energy advisory system to reduce...
Baltic Index Breaks Its 16 Session Winning Streak
The Baltic Exchange’s main sea freight index took a break on Monday after rising for 16 straight sessions, as rates for capesize vessels fell after a strong run over the past couple of weeks,...
MOL-JERA New LNG Carrier Named Sohshu Maru
Mitsui O.S.K. Lines, Ltd. (MOL) named the newbuilding LNG carrier Sohshu Maru ordered by Trans Pacific Shipping 8 Ltd., a joint venture between MOL and JERA, reports Seanews.
The joint venture
Mitsui O.S.K. Lines, Ltd. today...