ABS and MOL Sign MOU to Build up to 14 Next Generation Gas Carriers

ABS and MOL Sign MOU to Build up to 14 Next Generation Gas Carriers

ABS and Mitsui O.S.K. Lines Ltd. (MOL) have signed a Memorandum of Understanding (MOU) to collaborate on up to 14 new gas carriers. The agreement covers seven new-build Very Large Ethane Carriers (VLEC) and up to …
Jul 15, 2019 /  Curious
LNG Proves Competitive For PCTC Newbuilds

LNG Proves Competitive For PCTC Newbuilds

Independent study confirms LNG delivers best return on investment for Pure Car and Truck Carriers on Atlantic and Pacific trade lanes SEA\LNG yesterday released an independent study showing that LNG as a marine fuel …
Jul 12, 2019 /  Vessels
Diana Shipping signs time charter contracts for mv New York with Singapore Marine and mv Boston with Oldendorff

Diana Shipping signs time charter contracts for mv New York with Singapore Marine and mv Boston with Oldendorff

Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract …
Jun 10, 2019 /  Vessels
Oldendorff: Wide range of asset deals with Chinese yards and leasing companies

Oldendorff: Wide range of asset deals with Chinese yards and leasing companies

During the last 12 months, Oldendorff has been able to complete a total of 23 deals with 3 Chinese leasing companies as follows: 2 x 209,000 tdw built 2020 – 2021 – resold with 5 + 5 + 2 years floating BB …
Jun 6, 2019 /  Curious
Star Bulk Carriers Corp agrees to acquire eleven dry bulk vessels from Delphin Shipping LLC

Star Bulk Carriers Corp agrees to acquire eleven dry bulk vessels from Delphin Shipping LLC

Star Bulk Carriers Corp. (Star Bulk) (Nasdaq: SBLK, Oslo: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes announced yesterday that it has entered into an en bloc definitive agreement …
May 28, 2019 /  Vessels
S’hail Shipping signs deals to purchase two modern dry bulk carriers worth nearly QR75mn

S’hail Shipping signs deals to purchase two modern dry bulk carriers worth nearly QR75mn

S’hail Shipping has entered into agreements to purchase two modern dry bulk carriers worth nearly QR75mn. The announcement was made by Mohamed Khalifa al-Sada, S’hail Shipping chairman and managing …
May 27, 2019 /  Vessels
Ocean Yield takes delivery of two modern Ultramax dry bulk vessels with 11-year charters

Ocean Yield takes delivery of two modern Ultramax dry bulk vessels with 11-year charters

Ocean Yield ASA (Ocean Yield) announced yesterday that it has taken delivery of the 2017 built Ultramax dry bulk vessels SBI Libra and SBI Virgo. Caption: Bulk carrier SBI Libra - Image courtesy of miranda …
May 22, 2019 /  Vessels
Klaveness Combination Carriers ASA declares two options for the construction of the seventh and eight CLEANBU combination carrier with Jiangsu New Yangzi Shipbuilding

Klaveness Combination Carriers ASA declares two options for the construction of the seventh and eight CLEANBU combination carrier with Jiangsu New Yangzi Shipbuilding

Subsequent to the Wednesday’s successful completion of a private placement with gross proceeds of NOK 350 million, and an additional overallotment of about 5%, Klaveness Combination Carriers ASA (KCC) will apply …
May 17, 2019 /  Vessels
Flex LNG signs $550m of financing for four LNG carriers

Flex LNG signs $550m of financing for four LNG carriers

Flex LNG LTD (OSE:FLNG) (Flex LNG) announced on Monday (Apr29) that it has entered into a sale-charter back transaction with Hyundai Glovis Co. Ltd. (Hyundai Glovis) for the vessels Flex Endeavour and Flex …
May 3, 2019 /  Finance
MOL co-own world 6 largest Liquified Ethan Carrier with Reliance

MOL co-own world 6 largest Liquified Ethan Carrier with Reliance

Mitsui O.S.K. Lines Ltd, (MOL), with Head office located at Minato-ku, Tokyo, Japan and Reliance Ethane Holding Pte. Ltd. (REHPL) a 100% subsidiary of Reliance Industries Ltd (RIL) (*1) and based in Singapore agreed to …
Apr 24, 2019 /  Curious