News

Singapore-based business trust First Ship Lease (FSL) Trust has decided to dispose of two 109,672 dwt LR2 product tankers. The ships in question are FSL Piraeus and FSL Perth, built at China’s Dalian Shipbuilding...

Japanese shipbuilder Namura Shipbuilding has delivered an 183,000-ton bulk carrier to Greek shipping company Alcyon. The Dunkirkmax vessel Nightsky was delivered from Namura’s Imari yard on November 19. The 291-meter vessel...

Yemen’s Houthi rebels have reportedly seized a Saudi Arabian tug while it was towing a South Korean drilling rig south of the Red Sea.  The tugboat Rabigh 3 was approached by two boats of the armed Houthi group on Sunday,...

South Korean shipbuilder Hyundai Mipo Dockyard has secured an order for one 18,000 cbm liquefied natural gas (LNG) bunkering ship.  The vessel will be built for an unnamed owner from Asia, according to Hyundai Mipo’s stock...

Florida-based cruise line Celebrity Cruises, part of Royal Caribbean Cruises, has unveiled plans for the first-ever sailing with an entirely female bridge and officer team. This historic sailing will take place on...

Over three years after the beaching of the North Sea Producer FPSO in Chittagong, the Supreme Court of Bangladesh has declared the import, beaching and breaking of the FPSO North Sea Producer illegal. The judgment was...

Dry bulk carrier owner and operator Oldendorff Carriers has signed a research agreement with the Massachusetts Institute of Technology’s (MIT) Center for Bits and Atoms (CBA) that will focus on disruptive improvements in...

SPDB Financial Leasing, part of Shanghai Pudong Development Bank (SPD Bank), has signed an operating lease agreement for two 11,380 TEU CMA CGM boxships.  The signing ceremony took place in Shanghai on November 18, 2019...

Small-scale liquefied natural gas (LNG) supplier Avenir LNG Limited has teamed up with Golar Power Limited to develop the small-scale LNG market in Brazil. Avenir’s second 7,500 cbm LNG carrier will be used to deliver...

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has delivered its first LNG carrier with an in-house developed air lubrication system (ALS). The 173,000 cbm newbuilding has been handed over...