An example of an existing VLEC operated by MOL.

Indian conglomerate Reliance Industries Ltd is to get USD600 million in financing to buy six very large ethane carriers (VLECs), which it had ordered at Samsung Heavy Industries Co Ltd for a combined USD720 million in 2014.

Hanjin United Kingdom

The Seoul Central District Court on Monday approved Hanjin Shipping’s application to shut down four of its European subsidiaries as the company continues to edge closer to liquidation.

IMO headquarters albert embankment

Shipowners and operators attending this week’s Marine Environment Protection Committee (MEPC) 70 meeting have one major goal in mind: to leave London with clear and realistic timelines for complying with costly new environmental regulations.

Siem Shipping reefer Afric Star. Company revenues were hit by falling reefer spot rates

Reefer ship owner and operator Siem Shipping earnings have been eroding fast since the summer, with its last quarterly result as a publicly listed company showing a significant loss.

The product tanker spot market had undergone a “correction” in the second quarter.

Italian product tanker operator d’Amico International Shipping (DIS) has taken delivery of the first of three vessels due to be completed before the end of the year at the Hyundai Vinashin Shipyard in Vietnam.

Mid-sized South Korean shipbuilder may be out of work by April 2017, when it is scheduled to deliver the last vessel on its orderbook. 

Anne H Steffensen, managing director of the Danish Shipowners' Association (DSA).

DSA boss sees adaptability and to innovation as keys for Denmark shipping sector.

Hanjin's Long Beach terminal

Beleaguered Hanjin Shipping said on Friday that it is moving forward with the sale of Total Terminals International LLC, which runs a container terminal in Long Beach.

The report was prepared by the IMF

It could cost KRW31 trillion (USD27 billion) to salvage South Korea’s battered shipping and shipbuilding industries, and taxpayers would foot the bill, according to a report produced by the International Monetary Fund (IMF).

Genting Dream will cater to the demands of the burgeoning Chinese middle class

As the first large cruise ship purpose-designed for the premium segment of the fast-growing Asian market, particularly that of China, the 151,300gt Genting Dream was handed over this month by German builder Meyer Werft.

The incident happened in the Sulu Sea south of the Philippines

Seafarers released in Somalia after being held hostage by pirates for almost five years.

According to CANSI, just 650,000 dwt of orders were placed in September

The slide in newbuilding orders in China continued in September, with new ship orders falling almost 80% year-on-year.