News

  • FSL chemical tanker sold at second attempt June 24, 2022
    Singapore’s First Ship Lease Trust (FSL) has once again found a buyer for its 15-year-old chemical tanker , which could not be sold last year after its detention in India. The second time lucky Japanese-built vessel was sold to an unaffiliated third party. FSL received the initial 15% deposit, but no price has been revealed […]
  • Cash-strapped Lamprell in takeover talks June 24, 2022
    Financially troubled Lamprell has seen its shares plummet as it said it was exploring funding options and that it had received a cash takeover offer from its second-largest shareholder, Blofeld, at what it was described as a very significant discount. The UAE-based fabricator said it was considering the possible offer from its 25% shareholder in […]
  • A permanent fix for seafarers as essential workers June 24, 2022
    Dr Carolyn Graham, an expert in maritime sociology, gives her take on what the industry ought to be addressing on this year’s Day of the Seafarer. Another Day of the Seafarer is upon us. This June 25, makes 12 years since the international maritime industry’s initiative to say thanks to seafarers and attempt to publicise […]
  • Trouble at the mill: China’s declining steel demand has cape owners on edge June 24, 2022
    China’s plummeting steel demand and falling prices for the metal are putting cape owners on edge.China’s steel market, the world’s largest, has experienced a sharp sell-off over the last 10 days and steelmakers are increasingly looking to idle steel plants as their margins take a beating with steel prices crashing to 2020 levels. China’s steel […]
  • Hunter offloads entire VLCC fleet for $383m June 24, 2022
    Norway’s Hunter Group has sold its entire fleet of four very large crude carriers (VLCCs) for $383m. The Oslo-listed firm said in a filing on Friday that its subsidiary Hunter Tankers had struck a deal to sell the 2020-built Hunter Disen and Hunter Frigg for $96m each, while Hunter Freya and Hunter Idun each fetched […]
  • Samskip and Ocean Infinity press ahead with remotely operated, hydrogen-fuelled containership project June 24, 2022
    Rotterdam-headquartered liner Samskip and Houston-based marine robotics company Ocean Infinity have secured close to $16m in funding from Norwegian state enterprise Enova to advance the development of zero-emission, remotely operated and autonomous-ready, shortsea container vessels that will operate between Norway and the Netherlands by 2025, creating one of Europe’s first green corridors. Under the SeaShuttle […]
  • MOL taps local yards to develop ammonia-powered gas carrier June 24, 2022
    Japan’s Mitsui OSK Lines (MOL), Tsuneishi Shipbuilding and Mitsui E&S Shipbuilding have launched a joint project aimed at developing and building an ocean-going liquefied gas carrier that will use ammonia as its main fuel. The vessel is envisioned as a mid-size, 40,000 cu m ammonia/LPG carrier equipped with a main engine that can run mainly […]
  • ADS Maritime moves into the shuttle tanker sector June 24, 2022
    Terje Bodin Larsen-led ADS Maritime Holding has acquired stakes in four AET shuttle tankers operating in the North Sea under contract with Equinor. ADS Maritime has bought a 5 % shareholding from ADS Shipping in AET Sea Shuttle and AET Sea Shuttle II, the owners of four modern shuttle tankers. The majority partner in the […]
  • Seanergy finds replacement for its oldest capesize June 24, 2022
    Nasdaq-listed Greek pure-play capesize owner Seanergy Maritime has agreed to acquire a 2010-built bulker from an unnamed Japanese company to substitute its oldest vessel, , which will be spun off under United Maritime Corporation. The Japanese-built 180,000 dwt vessel, which will be renamed Honorship, is expected to deliver in June 2022, subject to the satisfaction […]
  • DP World to invest further in Romania’s Constanta port June 24, 2022
    The Romanian government has signed an agreement with Dubai’s Ports, Customs and Free Zone Corporation (PCFC) and DP World to develop much needed new infrastructure including a roro terminal at the Port of Constanta. DP World already operates a container terminal at the port, the largest box facility on the Black Sea. The terminal operator […]
Courtesy Asia Shipping Media Pte Ltd in Singapore - Splash 247