LNGBV built in Korea for coastal vessels
The Ministry of Oceans and Fisheries (MOF) of Korea has recently announced that a 500 cbm LNG bunkering vessel (LNGBV), which is for providing The Ministry of Oceans and Fisheries (MOF) of Korea with LNG fuel, is built for the first time in Korea...
Vale decides to withdraw 25 VLOCs
Vale, the largest iron ore producer in the world, has recently announced its plan to withdraw 25 very large ore carriers (VLOCs) earlier than planned, as well as reduce capital expenditure (CAPEX) and productions. According to industrial sourc...
Northern Marine collaborated with Stena LNG for safe bunker
Northern Marine subsidiary Tritec Marine announced on May 8 that it has collaborated with Stena LNG to create the innovative SAFE Bunker concept As we move into the third decade of the 21st century, the LNG bunkering industry has seen signific...
1/3 LNGCs in orderbooks are unchartered
As demand and the volume of LNG transported weaken in the LNG shipping market due to COVID-19, one-third of LNG new vessels in orderbooks are unchartered. According to TradeWinds, 45 units out of 132 floating storage and regasifica...
EURONAV sold VLCC 'TI Hellas'
Euronav NV (NYSE: EURN & Euronext: EURN) (“Euronav” or the “Company”) announced on May 8 that it has sold the VLCC TI Hellas (2005 – 319,254 dwt) for USD 38.1 million. A capital gain on the sale of approximately USD 1.6 million will...
Two new container gantry cranes arrived at CTB
Hamburger Hafen und Logistik AG (HHLA) announced on May 5 that two new container gantry cranes arrived at the HHLA Container Terminal Burchardkai (CTB) at 11 p.m. on the evening of Monday 4 May. With its total of five new container gantry cranes ...
Stena Bulk succeed in bio-fueling
Stena Bulk announced on April 29 that the 49646 deadweight tonne (dwt) MR tanker received the first delivery of Bio Fuel Oil during its recent call at the Port of Rotterdam. The fuel, which GoodFuels launched in 2018, reduces greenhouse gas emiss...
KSS Line enters MR tanker business
KSS Line announced on April 28 in a regulatory filing that it plans to acquire 50,000-dwt one MR tanker and to sign a time charter contract with GS Caltex. Time charter contract is worth KRW 38.2bn, and its period is five years from June 20, 2...
Maersk hands over refrigerated containers to South Africa
To offset the scarcity of reefer containers in South Africa ahead of this citrus season and to support the nation’s agricultural sector, Maersk, the world’s largest integrated container logistics company, announced on April 28 that it has bro...
HMM held naming ceremony
HMM held the naming ceremony of its first of biggest container ship in the world on April 23 in Daewoo Shipbuilding & Marine Engineering (DSME) shipyard. Moon Jae-in, a president of South Korea as well as Ba Jae-hoon, the director of HM...
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