New policy issued by the US Coast Guard that makes it tougher to obtain a compliance extension could also raise costs for shipowners.
The argument for cleaner and safer ship recycling heats up, as the industry is of the opinion that NGOs have been unfairly critical of their efforts, while the latter believes more can be done and urges greater transparency.
The ships represent a new generation of flexible and environmentally-friendly tonnage for project cargo and specialised breakbulk commodity transportation, Spliethoff said.
Stena Bulk wants to be more involved in Stena Weco's business and assume the role of commercial operator.
IFRS 16 will essentially kill sale and leaseback (S&L) transactions as off-balance sheet financing structures, delegates at a Dubai seminar are told.
Seadrill delayed the delivery of the rig and subsequently, tried to cancel the contract. This resulted in HSHI, part of the Hyundai Heavy Industries group, to seek arbitration.
The vessel deployed by Van Oord subsidiary Paans Van Oord is being built by the Dutch Neptune Shipyard in Hardinxveld-Giessendam.
Most of the estimated initial combined savings of JPY110 billion (USD960 million) per year due to the merger of Japan’s three largest container shipping companies will come from applying the most favorable of three supplier contracts with vendors in the global marketplace, senior executives with the three lines tell Fairplay.
OOCL's average revenue per container fell almost 19% in 2016, but the carrier is expecting a better 2017 in an improved market.
State-run KOGAS is lining up two small-scale LNG carriers for Jeju island