Scorpio inks S&LB deal for 61K BC
NY-listed bulker operator Scorpio Bulkers recently announced that it has signed a Sale and Leaseback deal worth $19m for an ultramax bulker. The company is selling its 2015-built 61K bulker SBI Echo to an unnamed third party to charter back fo...
Norway tests autonomous mini-ferry
Researchers at the Norwegian University of Science and Technology (NTNU) are reportedly conducting a test of small-sized autonomous ferry in Trondheim. They are said to have recently developing an autonomous mini-ferry which is capable of sail...
Equinor borrows four Korean-built PCs
It is understood that Equinor is chartering two out of four 49,000-dwt PCs, supposedly ordered in May by Yasa Shipping of Turkey at Hyundai Mipo Dockyard (HMD). According to foreign media and brokers, Equinor is fixing two MR newbuildings (Hul...
BW is serious about Dorian
BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code “BWLPG”) announced on July 9 that it has increased its all-stock proposal to combine with Dorian LPG Ltd. (“Dorian”) (NYSE: LPG), under which Dorian shareholders would recei...
"VLCC resale price likely to surpass $100m"
Norway's largest investment bank DNB Markets has recently forecasted that the price of very large crude carrier (VLCC) will surpass a $100m level within the next two or three years. Analysts at the bank including Nicolay Dyvik expected that th...
SEA/LNG: "Investments should keep flowing"
SEA/LNG, the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, today reiterated how critical continuing investment in LNG as a marine fuel is to meeting both air quality ...
China demands Tier II for domestic ships
The Ministry of Transport of China is implementing a regulation demanding all domestic ships to satisfy IMO Tier II standard for five years, in line with the Chinese government’s pro-environment drive. All imported ships must oblige the regu...
Yang Ming confirms chartering 10 boxships
Yang Ming Marine Transport has recently announced that the Taiwanese containership operator hires a total of 10 new containerships of Costamare and Shoei Kisen. The company announced through a regulator filing in Taiwan Stock Exchange (TSE) th...
HMM puts boxship with scrubber to sea
Hyundai Merchant Marine (HMM) put out its 11,000 teu containership 'HMM Promise' to sea in a ceremony held at Busan New Port, Busan Metropolitan City, Korea, on July 5. HMM Promise is the first unit of two 11,000 teu containerships...
"LNG Bunkering investment accelerating"
An analyst commented that the investment in LNG bunkering and LNGBV is accelerating following the increasing demand for LNG powered ships. Park Moo-Hyun, a researcher at Korea's Hana Financial Investment commented on July 2 that “according t...
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