Singapore-listed Norwegian offshore vessel builder VARD Holdings has won a bareboat charter contract for one of two platform supply vessels that had their original shipbuilding contracts terminated ...
VARD secures bareboat charter for PSV
Wild weather disrupts Port Botany shipping
Wild weather and heavy seas shut down Australia's Port Botany terminal today (23 September) with the Bureau of Meteorology (BOM) issuing a marine wind warning for the Sydney, Hunter and Illawarra ...
Q4 shortsea expectations rising
Operators of minibulkers and general cargo vessels in the intra-European trades see some light at the end of the tunnel after a slump in freight rates since the earlier part of the year. "Last week ...
Nicaragua Canal start delayed again
Construction on the USD50 billion Nicaragua Canal will not begin until the first quarter of 2016 due to new environmental mitigation measures, according to a high-ranking government official. Paul ...
China Merchants Energy Shipping, Dynagas, Sinotrans Shipping to build Arctic LNG carriers
China Merchants Energy Shipping (CMES) on 21 September announced that its subsidiary China LNG Shipping (CLNG) has teamed up with Greek-based Dynagas and compatriot Sinotrans Shipping to build five ...
Brightoil Petroleum profit up 131%
Hong Kong-listed Brightoil Petroleum's profit increased 131% year on year (y/y) to HKD1.39 billion (USD179.4 million) for the year ended 30 June because of gains on derivative financial ...
Marathon buys tanker JV interests
Marathon Petroleum has taken over Aker Philadelphia's stake in a Jones Act product tanker joint venture (JV) with Crowley Maritime. The transaction relates to the operation and chartering of four ...
Bauxite risk prompts regulator response
The International Maritime Organization (IMO) has issued a safety circular on the carriage of the mineral bauxite, warning masters of the possible danger of liquefaction. The advice has been issued by ...
EU approves state funding for Finnish LNG bunker station
The European Commission has approved Finnish government plans to grant EUR23.44 million (USD26.11 million) towards the EUR81 million total cost of building an LNG bunkering terminal at Pori on the ...
Carnival boasts record quarter
NYSE-listed Carnival Corp has posted higher than expected profits and is poised to benefit from a lengthening booking curve. The cruise giant reported net income of USD1.2 billion for the third ...
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