Seanergy Sells Off Two Supramaxes, Becomes Pure-play Capesize Vessel Owner
Seeking Alpha reports that Seanergy Maritime has agreed to purchase a 180K dwt secondhand capesize vessel for $28.7M.
The company will also sell 2 of its supramax dry bulk vessels for a combined price...
Hahn LNG Fleet Reaches 16 Vessels with SK Shipping Acquisition
Hahn & Co, a Seoul-based private equity firm has acquired a 90% stake in SK Shipping, South Korea’s fourth-largest shipping company, for a reported US$1.35Bn.
Financially crunched
The company SK shipping, a subsidiary of energy conglomerate SK Group...
NYK Line Signs LNG Newbuild Charter Deal with Total
The Nippon Yusen Kaisha Line has signed a seven-year contract with Total Gas & Power Chartering, a unit of Total, for the construction of a newbuild LNG carrier.
The contract has been drawn and includes...
Ship Finance International Limited – Sale of Older VLCC
On October 1, the Ship Finance International Limited announced its plan to sell the 2001 built VLCC to a third party.
Sale of VLCC
The company has agreed to sell its 2001 built VLCC 'Front Ariake'...
Stolt’s Small-scale LNG Play Gets New Partnership
Joint investment of US$182M in Avenir LNG
Stolt-Nielsen 50% stake and Golar LNG and Höegh LNG Holdings each have 25% share
Plans to raise an additional US$10M through strategic investors
Avenir to take delivery...
Panama Canal Transits Four LNG Vessels in One Day
On October 1, Panama Canal reached a new milestone after the successful transit of four Liquefied Natural Gas (LNG) ships with beams of up to 160 feet (49 meters) in a single day through...
Shell VLSFO Fuel Availability 2020 Announced
On October 3, the Shell global marine fuels network launched the fuel availability plan for key ports in 2020.
Enable customers to meet IMO's 2020 regulation
The Shell’s global marine fuels network has rolled out the...
[Watch] Second-Oldest Shipwreck Found in Great Lakes
The second-oldest confirmed shipwreck in the Great Lakes was discovered below the surface of Lake Ontario in late June by a group of retirees who hunt for sunken ships in their spare time.
Disclaimer: This...
Are Biofuels a Viable Alternative for the Shipping Sector?
Some shippers are exploring the use of biofuels as the 2020 deadline approaches.
It complies to the new regulations but the cost of blending mandates a steep price rise.
Their low-temperature functionality and...
Maersk Shakes Things Up
Maersk CEO Søren Skou has made some drastic changes in the past 2 years which is in line with their planned restructuring of September 2018.
The sale of Maersk’s oil business for $7.5...