Some of the world’s biggest oil traders are getting ready for the possible resurgence of a coronavirus-induced glut of crude and fuels, snapping up giant tankers for months-long charters so that they can be ready to store excess barrels if necessary.
Eastern Pacific Shipping (EPS) has been awarded a 5-year time charter contract by mining giant BHP for five Newcastlemax bulk carriers to carry iron ore between Western Australia and China from 2022
SMART LNG, a joint venture of Sovcomflot (SCF) and natural gas producer Novatek, have signed a newbuilding contract for a further 10 icebreaking (Arc7) LNG carriers, planned for construction at domestic yard Zvezda Shipbuilding Complex.
Saudi Arabian transportation company Bahri has taken delivery of its new dry-bulk carrier Alanood, making it the second newbuild vessel to join the company’s market-leading fleet this year.
Maersk Tankers is speaking out about the ongoing situation aboard the product tanker Maersk Etienne, which is stranded off the coast of Malta with 27 rescued migrants on board.
Stolt-Nielsen’s tanker business Stolt Tankers has agreed to purchase five chemical tankers from Chemical Transportation Group (CTG) for trading in the Stolt Tankers Joint Service.
Japanese shipowner Mitsui OSK Lines, Ltd (MOL) held a naming ceremony for LNG Phecda, the third in a series of four 174,000-m3 LNG carriers for Russia’s Yamal LNG project
Pacific Gas has passed a new milestone in construction of new large gas carriers in China by ordering integrated automation and control systems (IACS)
Mitsubishi Heavy Industries (MHI) is fitting a marine-based carbon capture system onto a K Line bulk carrier in a first of its kind demonstration project.
The future of fuels for shipping, as the industry looks towards 2050, is teeming with possibilities. One influential consortium which has sought to guide the industries moves away from oil-based fuels towards a carbon free future is SEA\LNG.
In the first of a two-part examination, Skuld P&I vice president claims, Hans Peter Martiensen, looks at a case where documents do not reflect the water content in a crude oil cargo
The families of the lost crew of the fishing boat Liberty 5 have reached a settlement with the owners of the bulker Vienna Wood N, which struck and sank the smaller vessel off Mamburao, the Philippines in June.
IMC’s Aurora Tankers has taken delivery in the first of eight IMO 2 MR tankers from CSSC Shipping.
The downward trend of the tanker market is expected to continue for the remainder of 2020 according to analysts Maritime Strategies International (MSI).
U.S. liquefied natural gas (LNG) companies made small steps to add export capacity this week, even as global energy demand destruction from the coronavirus pandemic has made it difficult for new projects to move forward.
Oslo-listed shipowner Hunter Tankers AS, a wholly-owned subsidiary of Hunter Group ASA, has taken delivery of Hunter Frigg, the seventh scrubber-fitted ECO design VLCC newbuilding.
Tanker owner ChemContrans has upgraded a digital vessel management system to improve maintenance scheduling and lower operational costs