Scrap prices pick up as the Bangladeshi government is expected to overturn the recently imposed 15% value added tax on ships being sent for demolition.
Bourbon will bring its offshore experience to a project that aims to deliver the first unmanned offshore support vessel in 2018
Pillarstone is reported to have acquired RBD Armatori debt totalling EUR560 million (USD638 million) from Banco di Napoli and Monte Paschi Siena, an acquisition that gives it effective control of the company.
Cosco Shipping Specialized Carrier said in a statement to the Shanghai Stock Exchange that a positive profit alert was driven by a recovery in the freight rate and an improvement in fleet management.
The growth of tonne-mile demand for LNG carrier is expected as the United States exports more LNG to Asia.
This year is proving to be dismal for ship financials in the Middle East, a huge step down from a bumper 2015, as Fairplay compiles the data on 2017’s list of deals.
South Korea’s South Gyeongsang signs MOU with TNO to jointly develop LNG-fuelled vessels and LNG bunkering infrastructure, as well as LNG storage and regasification.
The ports of Ningbo-Zhoushan, Marseille Fos, and Vancouver are the latest to join a Singapore-initiated LNG Bunkering Port Focus Group.
The agreement will help seafarers with limited English to report safety and welfare concerns
Growth in the new-Panamax sector and for small LNG carriers are the stand out forecasts for the next five years, as is the decline in the conventional range continues, with no orders for these vessels expected.