Ship Operating Costs Decline for Sixth Successive Year
Total annual operating costs in the shipping industry fell by 1.3% in 2017. This compared to the 1.1% average fall in costs recorded for...
‘A Market Approach’ Dialogue on Bunker Surcharges
The European Shippers’ Council has called for a market approach dialogue on shipping line bunker surcharge mechanisms ahead of the IMO 2020 sulphur cap...
Bunker Contaminants Fuelling Confusion
2018 has not been a good year for marine fuels.
Contamination problems in the US, the Gulf and the Far East have affected hundreds of...
Liquefaction Effect Observed During Earthquakes Can Also Sink Ships
Granular materials like sand appear like a solid but under certain circumstances they can behave like a liquid. How this exactly happens is still...
Things Only Cruise Ship Operators Know
Most holidaymakers aren’t aware of the nitty gritty details of cruise ships. Unless you’re a seasoned cruise traveller, you scarcely get to know this....
NYK, Tokyo Gas Celebrate Naming of LNG Vessel
The American Shipper reports that the naming ceremony of NYK and Tokyo LNG Tanker Co. Ltd new LNG ship took place at the TSU...
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...
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...
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...
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...
