TORM acquires four modern MR vessel

TORM acquires four modern MR vessel

"We are pleased to expand the fleet with four modern MR vessels at an attractive price point. Looking into an improving demand-supply situation for the transportation of clean petroleum products, we believe that the …
Jun 3, 2019 /  Vessels
Hyundai Mipo Dockyard receives approval from LR for LNG-fuelled MR tanker design

Hyundai Mipo Dockyard receives approval from LR for LNG-fuelled MR tanker design

Hyundai Mipo Dockyard (HMD) has received approval in principle (AiP) from LR for an LNG-fuelled 50,000 dwt class MR tanker design. This development is the result of close collaboration between HMD and LR. To aid …
May 3, 2019 /  Curious
Orient Overseas (International) Limited announces the sale of Long Beach Container Terminal to a consortium led by Macquarie Infrastructure Partners

Orient Overseas (International) Limited announces the sale of Long Beach Container Terminal to a consortium led by Macquarie Infrastructure Partners

Sale of Long Beach Container Terminal to a consortium led by Macquarie Infrastructure Partners for US$1.78 billion Sale pursuant to the National Security Agreement with the U.S. Department of Homeland Security and …
Apr 30, 2019 /  Curious
Wärtsilä equipment package the key for fuel efficiency in new LNG vessel

Wärtsilä equipment package the key for fuel efficiency in new LNG vessel

The technology group Wärtsilä’s integrated propulsion and cargo handling solution will deliver high efficiency for a new 30,000 cbm LNG vessel. The ship is being built at the Hyundai Mipo Dockyard (HMD) …
Apr 8, 2019 /  Vessels
Hyundai Mipo wins US$107Mln order for 3 container ships

Hyundai Mipo wins US$107Mln order for 3 container ships

Hyundai Mipo Dockyard Co., a mid-sized South Korean shipbuilder, said Thursday that it has secured 120 billion won (US$107 million) worth of orders to build three container vessels. Under the deal with an Asian …
Mar 21, 2019 /  Curious
South Africa economy benefits from the building of new navy vessels

South Africa economy benefits from the building of new navy vessels

On Saturday, the 23rd of February 2019, Damen Shipyards Cape Town (DSCT) hosted a keel laying ceremony, marking the start of construction on the first of three Multi-mission Inshore Patrol Vessels (MMIPVs) for the South …
Mar 18, 2019 /  Naval
Top Ships Inc. Announces Delivery and Charter Employment of MT Eco Marina Del Ray

Top Ships Inc. Announces Delivery and Charter Employment of MT Eco Marina Del Ray

TOP Ships Inc., an international owner and operator of modern, fuel efficient "ECO" tanker vessels currently focusing on the transportation of petroleum products, announced on Wednesday (Mar13) that it took delivery of …
Mar 14, 2019 /  Vessels
Komipo and Vitol sign LNG Memorandum of Understanding

Komipo and Vitol sign LNG Memorandum of Understanding

Korea Midland Power Co Ltd (KOMIPO) and Vitol Asia Pte Ltd (Vitol) have jointly announced the signing of a Memorandum of Understanding (MOU) to explore upstream, midstream and downstream project opportunities in …
Feb 28, 2019 /  Vessels
TOP Ships Inc. Announces Delivery and Charter Employment of MT Eco California

TOP Ships Inc. Announces Delivery and Charter Employment of MT Eco California

TOP Ships Inc., an international owner and operator of modern, fuel-efficient "ECO" tanker vessels currently focusing on the transportation of petroleum products, announced today that it took delivery of the 50,000 dwt …
Jan 30, 2019 /  Vessels
Top Ships Inc. Announces Completion of Senior Secured Post-Delivery Financing for M/T Eco California

Top Ships Inc. Announces Completion of Senior Secured Post-Delivery Financing for M/T Eco California

TOP Ships Inc., an international owner and operator of modern, fuel-efficient “ECO” tanker vessels currently focusing on the transportation of crude oil and petroleum products, announced today that it has …
Jan 22, 2019 /  Finance