• Xihe tanker sales accelerate with Angelicoussis in for VLCC trio
    Sales of the Xihe Holdings fleet are being recorded in high numbers. Multiple broking reports this week carry the news that Xihe, a company linked to financially troubled Ocean Tankers, has sold three Chinese-built VLCCs to Maran Tankers for $110m en bloc. A total of 11 bids were lodged for ... read more NewsPublished on 20.10.2020By Sam Chambers
  • DCSA works to standardise just-in-time port calls
    The Digital Container Shipping Association (DCSA) today published standard data definitions for port call processes, the first publication of the DCSA Just-in-Time (JIT) Port Call programme. “By moving container shipping towards a JIT port call process, DCSA port call standards will enable container ships to optimise their steaming speed, thereby ... read more NewsPublished on 20.10.2020By Sam Chambers
  • Michalopoulos appointed CEO of Performance Shipping
    Andreas Michalopoulos has been appointed CEO of Performance Shipping, stepping up from his role of deputy CEO and CFO. Michalopoulos takes over from his father-in-law Symeon Palios, who will remain chairman of the tanker owning company. Michalopoulos was appointed deputy CEO in November 2019 with a view to taking over ... read more NewsPublished on 20.10.2020By Grant Rowles
  • Brightoil delisted from Hong Kong Stock Exchange
    Chinese private energy company Brightoil Petroleum has announced that the company’s shares will be delisted from the Hong Kong Stock Exchange from October 20 after the company failed to meet listing requirements. The trading of the company’s shares has been suspended since October 2017, and the company failed to fulfil ... read more NewsPublished on 20.10.2020By Jason Jiang
  • Exmar seals $150m settlement in FLNG contract dispute
    Belgian owner Exmar has announced that it has reached a settlement agreement with Argentine oil company YPF over a dispute over the agreements. In June, YPF issued a force majeure notice for the Tango FLNG, which Exmar considered to be unlawful. Under the settlement agreement, YPF will pay $150m via 18 monthly installments ... read more NewsPublished on 20.10.2020By Jason Jiang
  • Marnavi acquires Swire Pacific Offshore MPSV
    Naples-based shipping group Marnavi has just purchased, via its controlled company Next Geosolutions, 6-year old multipurpose subsea vessel . Renamed NG Worker, the vessel was previously controlled by Swire Pacific Offshore and according to has a market value of $13.7m. The deal was financed by Italian bank Iccrea BancaImpresa. ... read more NewsPublished on 19.10.2020By Nicola Capuzzo
  • Maritime Black Lives Matter
    The shipping industry must act to include more Black people in its community and make them leaders, argues Namrata Nadkarni, chair of Communications and Events Working Group, Diversity in Maritime Taskforce, Maritime UK. The Black Lives Matter (BLM) civil movement – which has been in the spotlight since it was ... read more NewsPublished on 19.10.2020By Splash
  • Reach Subsea awarded CSV contract
    Norway’s Reach Subsea has been awarded a contract for the deployment of its construction support vessel in a project in the Gulf of Mexico. The contract is set to commence in November with a firm period lasting through the first quarter of 2021, with options to extend towards the summer ... read more NewsPublished on 19.10.2020By Jason Jiang
  • LNG champion GTT buys top French green hydrogen producer
    In a sign of changing fuel demands, Gaztransport & Technigaz (GTT), the French manufacturer of the world’s most in demand membrane containment systems for liquefied natural gas carriers, is buying out one of the country’s top hydrogen producers. GTT has bought Areva H2Gen, a company specialising in PEM electrolysis to ... read more NewsPublished on 19.10.2020By Sam Chambers
  • Chinese crew wages leap during Covid
    Chinese crew during Covid-19 have seen their wages leap, surpassing the monthly pay of key rival seafarer nations such as the Philippines, India and across eastern Europe. The difficulties of getting foreign crews into the People’s Republic, one of the largest shipyard nations in the world, has forced owners to ... read more NewsPublished on 19.10.2020By Jason Jiang
  • Biden vows to tackle shipping emissions
    A change in occupancy of the White House next year is likely to see the US become far more engaged with the International Maritime Organization’s (IMO) decarbonisation drive. The IMO’s Intersessional Working Group on Reduction of GHG Emissions from Ships is meeting this week ahead of next month’s Marine Environment ... read more NewsPublished on 19.10.2020By Sam Chambers
  • ZIM and Alibaba team up
    ZIM’s focus on growing its e-commerce shipment business has entered a new chapter. The Israeli carrier has signed a strategic cooperation agreement with for the direct purchase of sea freight, improving logistic services to sellers on China’s largest e-commerce giant. aims to reshape global logistics industry standards Eli ... read more NewsPublished on 19.10.2020By Sam Chambers
  • Listing Venezuelan FSO sparks severe ecological concern
    The FSO , which is anchored in the Gulf of Paria near Venezuela and Trinidad and Tobago, has tilted severely, sparking concern of a major oil spill disaster. A latest picture of the vessel, released by the Fishermen and Friends of the Sea (FFOS), shows the vessel is listing severely ... read more NewsPublished on 19.10.2020By Jason Jiang
  • LNG carrier crew member kidnapped in Equatorial Guinea
    The 2003-built 138,000 cu m LNG carrier , owned by Golar LNG Partners, was boarded by pirates on Saturday while at anchor off Malabo in Equatorial Guinea.  According to an intelligence report by maritime security consultancy Dryad Global, the vessel was attacked shortly after breaking off loading operations and while most crew ... read more NewsPublished on 19.10.2020By Jason Jiang
  • Shelf Drilling jackup rig contract suspended
    UAE-based jackup rig operator Shelf Drilling has announced that it has received a notification from its customer on the suspension of operations for the jackup rig for a period of up to 12 months. The foregoing suspension at zero dayrate is effective October, and will automatically extend the term of the ... read more NewsPublished on 19.10.2020By Jason Jiang
  • Shandong Shipping acquires Japanese newcastlemax
    Chinese state-run shipping firm Shandong Shipping has acquired the 2008-built 207,900 dwt newcastlemax according to brokers. Both Seasure Shipbroking and Advanced Shipping and Trading report that Shandong Shipping bought the Japanese-built vessel from Japanese owner NS United Kaiun for a price of $18.9m. VesselsValue’s valuation on the vessel is $18.8m. ... read more NewsPublished on 19.10.2020By Jason Jiang
  • IMO explains why site was down on Friday
    Officials at the International Maritime Organization (IMO) have explained why the UN agency’s website went down on Friday, just a couple of weeks after the organisation was hacked. The website of the shipping regulator went down as it was being transitioned to a new more secure domain. The process started ... read more NewsPublished on 18.10.2020By Sam Chambers
  • Shipping all at sea when it comes to defining decarbonisation
    Shipping has no clear understanding of what decarbonisation means in real terms for the industry, a poll carried by this title suggests. Prompted by Greg Atkinson, the chief technical officer at Japan’s Eco Marine Power, the latest MarPoll, our quarterly survey, gave readers seven definitions of of the word ‘decarbonisation’, ... read more NewsPublished on 18.10.2020By Splash
  • IMO tech troubles continue as website goes down
    The International Maritime Organization (IMO) has been fighting this morning to get its website back online with the portal of the United Nations agency suffering regular outages. The IMO was hacked 17 days ago, which shut down much of the organisation’s IT systems for a 48-hour period. “The interruption of ... read more NewsPublished on 16.10.2020By Sam Chambers
  • CMA CGM and MSC join TradeLens as foundation carriers
    CMA CGM and Mediterranean Shipping Company (MSC) have joined the Maersk/IBM created TradeLens blockchain platform as so-called foundation carriers. “The addition of these two major global shipping leaders marks a crucial milestone for the industry, which until now has too often relied on paper-based trade and manual document handling that ... read more NewsPublished on 16.10.2020By Sam Chambers
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