Utoc Corporation Successfully Acquired By MOL

A recent news article published in the MOL states that MOL Completes Acquisition of Utoc Corporation. 100% acquisition of Utoc Corporation TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced the completion of...

Welsh Port Allows Entry To Russian Cargo Ship

  The boss of a Welsh port has defended allowing entry to a Russian cargo ship despite Russia invading Ukraine. Mike Ryan, the Harbourmaster of Milford Haven port in Pembrokeshire said he does not...

World’s First Super-large LNG Dual-fuel Oil Tanker Delivered By China

A recent news article published in the CGTN states that China delivers world's first super-large LNG dual-fuel oil tanker. World's first Very Large Crude Carrier (VLCC)   China's ship Yuanrui Yang, is the world's first Very Large...

[FAQ] Charter Party Issues Arising Out Of Ukraine Crisis

Sadly, it is now clear that armed conflict has broken out between Ukraine and Russia. Events are fast moving, and it is difficult to have a clear picture of what is happening on the...

Russia Wants Former President; Ukraine Ready To Talk Again

CNBC is continuously publishing live updates about the ongoing Russia-Ukraine War in its website. Mariupol mayor reports mass casualties from nonstop Russian attack The Ukrainian port city of Mariupol is suffering mass casualties and a water...

Operating Dual-Fuel Vessels Takes A Change Of Mindset

Operating dual-fuel vessels takes a change of mindset throughout an organisation. On the supply side, leaking gas pipes in on or the way to machinery spaces could cause catastrophic consequences. The panel agreed...

Shell Continues To Buy Russian Oil and Gas

Shell Plc, Europe’s largest oil company, is continuing to purchase oil and gas from Russia in the wake of the country’s invasion of Ukraine, reports Yahoo Finance. The company is in discussion with governments and...

War Bonds Issued To Fund Military, Raises $270m

The Ukraine government issued war bonds Tuesday to fund its defense against a Russian invasion, raising about 8.1 billion hryvnia (or $270 million), reports FoxNews. Needs of forces "The proceeds from the bonds will be used to...

Hafnia Has Sealed Sale And Leaseback Deal Worth $414M

BW Group-controlled Hafnia has sealed a $414m sale and leaseback deal with ICBC Financial Leasing to finance the acquisition of 12 LR1 product tankers from Scorpio Tankers, says an article published in Splash 247. About...

Seaspan Has Placed An Order With CIMC Enric

Canada’s Seaspan has ordered two 7,600m3 LNG bunkering vessels, with an option for a third vessel, from Nantong CIMC Sinopacific Offshore & Engineering, a subsidiary of CIMC Enric Holdings, says an article published in...