Third Tug built to Robert Allan Ltd.’s New TRAktor 2500-SX Design Commences Operations for Svitzer

Third Tug built to Robert Allan Ltd.’s New TRAktor 2500-SX Design Commences Operations for Svitzer

The third tug built by Sanmar Shipyards to Robert Allan Ltd.’s new TRAktor 2500-SX design commenced operations on November 1st in London for Svitzer. The tug, named the Svitzer Meridian, is the second TRAktor …
Nov 16, 2018 /  Vessels
Fleet Cleaner wins Maritime Innovation Award 2018 (Video)

Fleet Cleaner wins Maritime Innovation Award 2018 (Video)

At the Maritime Awards Gala organized in Amsterdam, The Netherlands on November 12th, Fleet Cleaner has been awarded with the prestigious Maritime Innovation Award 2018! The respected jury calls it a true maritime …
Nov 16, 2018 /  Curious
Klaveness Combination Carriers AS extends contract of affreightment with South32 Marketing Pte Ltd

Klaveness Combination Carriers AS extends contract of affreightment with South32 Marketing Pte Ltd

A subsidiary of Klaveness Combination Carriers AS (KCC) yesterday (Nov 15) signed an agreement with South32 Marketing Pte Ltd extending the current Contract of affreightment (COA) for shipments of caustic soda to Worsley …
Nov 16, 2018 /  Vessels
GSL Completes Strategic Combination with Poseidon Containers and Opportunistic Refinancings of a Portion of Poseidon Containers’ Secured Debt

GSL Completes Strategic Combination with Poseidon Containers and Opportunistic Refinancings of a Portion of Poseidon Containers’ Secured Debt

Doubles fleet size to 38 containerships and expands charter-adjusted fleet value to $1.3 billion while increasing net asset value per share by 52%   Expands contracted revenue to $720 million and further reduces …
Nov 16, 2018 /  Finance
Diana Shipping Inc. Announces Time Charter Contract for m/v Thetis with Hudson

Diana Shipping Inc. Announces Time Charter Contract for m/v Thetis with Hudson

Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in the ownership of dry bulk vessels, yesterday announced that, through a separate wholly-owned subsidiary, it has entered into a time charter …
Nov 16, 2018 /  Vessels
Color Line and Ulstein Verft mark the construction start-up on the world's largest plug-in hybrid ship, the 'Color Hybrid

Color Line and Ulstein Verft mark the construction start-up on the world's largest plug-in hybrid ship, the 'Color Hybrid

On Thursday, 15 November, Color Line and Ulstein Verft marked the construction start-up on the world's largest plug-in hybrid ship, the 'Color Hybrid'. The hull is placed in the dock hall, and several hundred yard …
Nov 15, 2018 /  Vessels
Sovcomflot inks $149m loan for financing the construction of a new generation Atlanticmax LNG carrier

Sovcomflot inks $149m loan for financing the construction of a new generation Atlanticmax LNG carrier

Sovcomflot (SCF Group) announced on Wednesday (Nov 14) that it has signed a new USD 149 million credit facility, for up to 10 years, with a consortium of three leading international banks, comprising: ING Bank N.V.; KfW …
Nov 15, 2018 /  Finance
K-Line announces delivery of coal carrier SHONAI MARU for JERA Trading Pte. Ltd.

K-Line announces delivery of coal carrier SHONAI MARU for JERA Trading Pte. Ltd.

Kawasaki Kisen Kaisha, Ltd., Tokyo, (K-Line) announced earlier today the delivery of SHONAI MARU, a 100,000 DWT-type special coal carrier at Marugame Shipyard of Imabari Shipbuilding Co., Ltd., Japan on November 15, …
Nov 15, 2018 /  Vessels
CMA CGM, A.P. Moller – Maersk, Hapag-Lloyd, MSC and Ocean Network Express plan to establish container shipping association

CMA CGM, A.P. Moller – Maersk, Hapag-Lloyd, MSC and Ocean Network Express plan to establish container shipping association

Five container shipping companies intend to create an association with the purpose of paving the way for digitalization, standardization and interoperability in the container shipping industry. IT executives from CMA …
Nov 15, 2018 /  Vessels
Shearwater GeoServices completes acquisition of Schlumberger marine seismic acquisition business

Shearwater GeoServices completes acquisition of Schlumberger marine seismic acquisition business

Shearwater GeoServices Holding AS today announced the completion of the acquisition of the marine seismic acquisition assets and operations of WesternGeco, the geophysical services product line of Schlumberger. The …
Nov 15, 2018 /  Vessels