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Vessels

StealthGas Adds Vessels, Wins Charters

Pic: StealthGas Inc

StealthGas Inc, the world's largest owner of liquefied petroleum gas (LPG) pressurized carriers in the strategic 3,000-8,000cbm segment,  has expanding its fleet with two acquisitions. The company has also made six  chartering arrangements.The Greek shipping transportation company announced

FLNG Market to Touch $17.5Bln by 2026

Photo courtesy: Höegh LNG

The global floating liquefied natural gas (FLNG) market is estimated to grow at CAGR above 5.2% over the forecast time frame 2019 to 2026 and reach the market value around US$ 17.5 billion by 2026.Increasing demand for clean fuel techniques and increasing concentrate on sustainable energy blend will boost FLNG market growth,

HMD Builds 2 Methanol-Fueled Tankers

Pic: Methanol Institute

Two new dual-fueled tankers capable of operation using clean-burning Methanol, Mari Couva and Mari Kokako were named at the Hyundai Mipo Dockyard (HMD) by owners Marinvest and Waterfront Shipping.The Methanol Institute has welcomed the launch of the 49,000dwt product tankers.“The launch of the

Navios Sells 2002-Built VLCC

Image: Navios Maritime Acquisition Corporation

Greek tanker vessel operator Navios Maritime Acquisition Corporation has entered into an agreement to sell the Nave Electron, a 2002-built  very large crude carriers (VLCC) vessel of 305,178 dwt to an unaffiliated third party for a sale price of $25.3 million.The Pireas-headquartered said that

Scotline Orders Third Newbuild

Image: Scotline Marine Holdings

U.K based shipping company Scotline Marine Holdings announced that it has  ordered a third newbuild vessel from Dutch shipyard Royal Bodewes which is due for delivery by the end of 2020."The new vessel will adopt the name ‘Scot Ranger’ which has not been used since we sold the previous vessel last year," it said.

Vista Shipping to Finance Product Tankers

Image: KfW IPEX-Bank

Hafnia Tankers, a member of BW Group, and shipyard-affiliated leasing company CSSC (Hong Kong) Shipping have formed a joint venture named Vista Shipping to finance and operate product tankers.A term loan facility of USD 111 million is intended to be used to finance four LR1 newbuildings. A banking consortium consisting of KfW IPEX-Bank,

Dream Cruises Wins $2.9Bln from KfW IPEX-Bank

Pic: KfW IPEX-Bank

KfW IPEX-Bank, leading a consortium consisting of six international banks, is structuring the financing of two cruise ships for Genting Hong Kong Ltd. and its brand Dream Cruises.The Global Class I and II ships are currently being built in the three shipyards of MV Werften located on the Baltic Coast

Waterfront Adds Methanol-Fuelled Vessels

Photo: Methanex Corporation

The marine transportation company Waterfront Shipping Company has added two new innovative, clean-burning vessels, M/T Mari Couva and M/T Mari Kokako, to its fleet.Both 49,000 dwt vessels are built with the second generation of MAN B&W ME-LGIM two stroke dual-fuel engines that can run on both methanol and conventional marine fuels,

BBC Chartering Appoints Ulrichs as CEO

Pic: BBC Chartering

German shipping services company BBC Chartering has announced that Ulrich Ulrichs has taken over the CEO position from Svend Andersen as announced in May of this year."The shareholders would like to thank Svend Andersen for his many years with BBC Chartering and his contribution to develop and

Rotterdam Port Rides High on Offshore Waves

Image: Port of Rotterdam

The largest port in Europe, the Port of Rotterdam has reported a new transhipment record for the first six months of 2019 - 240.7 million tonnes, or a 3.4% increase compared to 2018.The offshore sector also made a significant contribution to the maritime activity. 440 offshore vessels, ranging from

SHI to Build 10-LNG-fuelled Tankers

File Image: Samsung Heavy Industries Co

South Korean shipbuilder Samsung Heavy Industries (SHI) is to build 10 LNG-powered crude tanker vessels.The order was placed by an unnamed "Oceanian" customer. The contract for the vessels was valued at KRW 751.3 billion (US$621 million), which is around $62 million per vessel.Samsung Heavy

World's Largest Boxhip's Asia-Europe Maiden Voyage

MSC Gülsün. Image: MSC Mediterranean Shipping Company

Swiss-based global container shipping company MSC Mediterranean Shipping Company announced that MSC Gülsün, the world’s largest container ship, has arrived in Europe after completing its landmark maiden voyage from the north of China.MSC Gülsün is the first of a new class of 23,

Wellard Delays Livestock Carrier Repayment

MV Ocean Drover. Image: Wellard

Australian meat and livestock distributor Wellard said that it has extended ship finance repayment schedules for two of its vessels, the 12,665 GT Ocean Ute and the 33,774 GT Ocean Drover.The live cattle exporter said in a press note that it has reached a conditional agreement with Ruchira Ships Limited

Jumbo's Fairplayer to Test Biofuel Oil

Fairplayer (Photo: Jumbo)

Heavy lift shipping and offshore transportation and installation contractor Jumbo said it has partnered with marine biofuel company GoodFuels in a joint venture initiative to test marine biofuel oil on board a DP2 heavy lift crane vessel during an offshore decommissioning project.The initial project

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