Shipping
ONE signs LoI for long-term charter of world’s largest ULC
Ocean Network Express Pte. Ltd. announced on December 24 that it has signed a Letter of Intent (LoI) with Shoei Kisen Kaisha, Ltd. for the 15-year long-term charter of six new Ultra Large Container Ships (ULCS) with capacity greater than 24,000 T...
2020-12-30 09:24:58
Possibility of rise in car carrier rate
Clarksons Research expected that the future of the car carrier sector in the shipping sector through a recent report. According to Clarksons Research, the car carrier sector has recovered more than initially expected in the early stages of the...
2020-12-30 09:13:26
Spot charter rates for LNGC show uptrend
While there is an immediate need for LNG carrier among global shipowners against a backdrop of rising demands, spot rates for such vessel are on increase across all ship types. As of middle of December this year, according to industrial source...
2020-12-30 09:12:34
Scorpio Bulkers sells ultramax bulk carrier
Scorpio Bulkers Inc. (NYSE: SALT) (the “Company”) announced on December 24 that the company has entered into an agreement with an unaffiliated third party to sell the SBI Phoebe, an Ultramax bulk carrier built in 2016, for approximately $17.6...
2020-12-29 09:33:39
Golar LNG sells FSRU to LNG Hrvatska
Golar LNG Limited (“Golar”) announced on December 23 that the FSRU LNG Croatia (formerly known as the Golar Viking) has been accepted by its customer LNG Hrvatska d.o.o. (“LNG Hrvatska”), and that the sale of the FSRU has been completed. ...
2020-12-29 09:26:33
Genco exchanges 6 older Handysize ships for 3 Ultramax ships
Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the transportation of major and minor bulk commodities globally, announced on December 21 that it has ...
2020-12-28 09:46:06
MSC expands its boxship fleet
Mediterranean Shipping Company (MSC) plans to enlarge its fleet by hiring Seaspan Corporation's five 12,200 teu containerships. According to industrial source and TradeWinds, the vessels were originally booked at Chinese shipbuilder Jinhai Int...
2020-12-28 09:15:27
Carnival’s new Mardi Gras fills up with LNG for first time
Carnival Cruise Line announced on December 22 that Carnival Cruise Line’s new Mardi Gras made its first port call this morning in Rotterdam, The Netherlands, where the ship will refuel its innovative Liquefied Natural Gas (LNG) propulsion syste...
2020-12-24 09:19:22
Japan proceeds with ammonia project
Japan plans to introduce ammonia as fuel into the shipping industry and commercialize it by the late-2020s to go carbon-neutral by 2050. According to industry sources and foreign media, the solution was reviewed at the meeting of fuel ammonia ...
2020-12-23 09:26:33
Shell plans to expand LNGBV tonnage
Global energy major Royal Dutch Shell disclosed that it would make the number of LNG bunkering vessels (LNGBVs) more than double by upcoming 2025.  Steve Hill, executive vice president from Shell participated in online world LNG virtual s...
2020-12-22 09:11:27
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