Angeliki Frangou

Navios Containers is looking to take over Navios Partners’ box fleet and further bolster its capacity with third-party acquisitions

Libyan crude production has been dramatically reduced by the attacks. Source: NOC

Fighting has caused ‘catastrophic damage’ to Libya’s Ras Lanuf crude export terminal, Libya’s National Oil Company (NOC) has said, following an attack by militia fighters.

Yangzijiang Shipbuilding wins orders for nine ships, including two Kamsarmaxes.

STX Offshore & Shipbuilding (O&S) plans to issue new shares to its shareholders to improve its financial position.

JMU Maizuru 5158 and 5159 vessels to go on charter to BW Group and are scheduled for delivery in June and September 2019.

BIMCO deputy secretary general Robert Pedersen

BIMCO, the International Chamber of Shipping, Intercargo, Intertanko, and the World Shipping Council call for IMO action to head off “potentially serious safety issues” posed by new fuel blends.

Moody's expects tanker freight rates to remain pressured in 2018. Credit: Malte Schwarz

A flurry of newbuild vessels entering the market is expected to hold tanker rates down through 2018, according to rating agency Moody’s, although the dry bulk and container segments will see stable growth.

Port Kembla in Australia

The fire broke out at 0300 h local during loading operations and the port was shut until 0930 h local, according to NSW Ports.

Imported cars unloading

US President Donald Trump has threatened to impose new tariffs on automotive imports. If he follows through, the fallout to the car-carrier shipping sector could be substantial.

Hiromi Tosha, president of Iino Lines

Following in the footsteps of its larger compatriot peers, Japan’s Iino Lines is looking to move into LNG bunkering. 

Inter-Pacific Petroleum vessel Pacific Energy 8

Singapore-based physical bunker supplier Inter-Pacific Petroleum is in talks with Hong Kong-listed Daisho Microline for a sale-and-leaseback transaction for four tankers.

1975-built LNG carrier Belanak

The world's oldest conventional LNG carriers – 1972-built Bebatik and 1975-built Belanak – have been broken up.