Shipping
Aker Capital forms joint venture for 7 tankers
Norwegian industrial investment company Aker Capital ASA (Aker Capital) has signed a contract with compatriot shipowner Ocean Yield ASA (Ocean Yield) for co-ownership of seven oil tankers. Under this agreement, Aker Capital will acquire 50% of...
2020-06-30 09:39:39
New research center to lead decarbonizing shipping
Maersk announced on June 25 that the shipping industry has made a strong commitment to reduce its global carbon emissions towards 2050. A group of leading industry players are taking the next step to develop new fuel types and technologies by lau...
2020-06-29 09:44:12
Sun Enterprises secures tanker charter deal
Greek shipowner Sun Enterprises turns out to have signed a 3.5 year-charter contract for one MR tanker with French energy major Total. According to industrial source and TradeWinds, the 50,000 dwt tanker (Hull No. 2764) which is under construc...
2020-06-25 09:09:53
China to set up LNG bunkering hub
The Chinese government plans to establish an LNG bunkering center for international vessels in Shenzhen region.  According to industrial source and foreign media outlet, the project will be led by Chinese companies such as Yantian Port Gr...
2020-06-23 09:07:33
EU commences AEGIS project
The Advanced, Efficient and Green Intermodal Systems (AEGIS), a three-year project financed by the EU’s Horizon 2020 Research and Innovation program, commenced on June 1. According to industry sources and foreign sources, the purpose of the ...
2020-06-19 09:09:09
Diamond S partners with DiaNor
Diamond S Shipping Inc. (NYSE: DSSI) (“Diamond S”) announced on June 16 that it has partnered with NORDEN A/S (CPH:DNORD), DiaNor, to facilitate the commercial consolidation of two of the world’s largest owner/operators of product tankers. ...
2020-06-18 09:37:24
Saga signs MoU with VLNG to supply LNGC
It emerged that Singaporean Saga LNG Shipping has signed a memorandum of understanding (MoU) with Venerable LNG (VLNG) for supplying LNG carriers (LNGC).    VLNG, which has an LNG terminal and related infrastructure in the Bay of Beng...
2020-06-18 09:12:13
Nisshin sells NB LNG carrier
Nisshin Shipping turns out to have sold its new LNG carrier even before receiving it.  According to industrial source and TradeWinds, a resale contract for the 174,000 cbm vessel (Hull No. 2319) which is under construction at Samsung Heav...
2020-06-18 09:10:14
2 MOL-operated ships selected as Best Ship Awards
TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced on June 10 that the Japan Federation of Pilots' Association (JFPA) (Note 1)" has presented its Best Quality Ship Award for fiscal year (FY) 2019 to two MOL-oper...
2020-06-16 09:25:00
Positive outlook given in tanker market
Fearnley has recently forecasted that global tanker shipping market is likely to go through a tough time for a while, but given a positive view of the industry for 2021.  The Norwegian ship broker noted that the slow trend of tanker secto...
2020-06-16 09:11:49
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