Antwerp-based tanker operator Euronav has signed a USD750 million financing facility with a group of leading banks that it says will be used to finance its recent order for four new VLCCS, as well as ...
Euronav obtains USD750 million ship finance facility
NYK opens new ro-ro terminal in India
Booming auto production in India has spawned a new ro-ro terminal that has opened in Pipavav in the northwestern state of Gujarat. The terminal is jointly operated by NYK Auto Logistics (India) and ...
Bureau Veritas H1 marine profits up 36%
The marine and offshore business of French classification society Bureau Veritas showed strong revenue and profit growth in the first quarter of 2015. Adjusted operating profit jumped 36% year on year ...
VLOC sale belies quiet recycling market
The sale of a Very large ore carrier (VLOC) during week 35 has belied the quiet recycling market. Shipbrokers said that General Ore International's 1990-built VLOC Rebekka N was sold for USD11,899,875 ...
Peace deal signed in MyFerryLink dispute
Two former MyFerryLink vessels that have been occupied by their former French crews since the end of June are to be freed on 2 September, after a peace agreement was reached in Paris yesterday ...
Seoul urges Sewol victims to seek compensation
South Korea's Ministry of Oceans and Fisheries held a seminar to advise the families of 149 victims of the Sewol ferry disaster who have yet to seek compensation, ahead of the 30 September deadline ...
Evergreen launches new ship for Asia Pacific-Middle East service
Taiwanese carrier Evergreen announced it has deployed a new L-type vessel for its Asia Pacific-Middle East service starting on 31 August. Named Ever Lifting, the 8,508 teu box ship is the 10th L-type ...
Sembcorp Marine wins $1Bn North Sea job
Singapore-listed offshore services provider Sembcorp Marine has won an engineering, procurement and construction (EPC) contract worth over USD1 billion for the Culzean field development project in the ...
Fengfan to buy CISC’s power businesses
Fengfan Stock Limited (Fengfan), the listed branch of China Shipbuilding Industry Corporation (CSIC), has announced it will purchase assets owned by CSIC's power businesses for CNY14.4 billion (USD2.3 ...
Indonesian Navy arrests tanker hijacking suspect
The Indonesian Navy has arrested the alleged "mastermind" it says was behind the hijacking of the Malaysia-flagged oil tanker MT Orkim Harmony in June. According to the Indonesian Navy, a suspect ...
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