News

Worldscale rates for hiring VLCCs to haul crude from the Middle East to Far East Asia hit a nine-month high Tuesday, December 9, Platts writes citing shipping sources.

Bonny Gas Transport Ltd and Nigeria LNG Ltd. have taken steps before the court in New York to protect their vessel LNG Finima and other assets from arrest stemming from OW Bunker bankruptcy case.

This amazing photo presents you with one of Corwley’s tugs, named Chief, while working on the Sitcum Waterway. The photo was captured at the Port of Tacoma on December 4th.

All gates belonging to the new locks being added within the Panama Canal Expansion in the Pacific side have been transferred.

Japan’s shipping company Kawasaki Kisen Kaisha, Ltd. (“K” Line) has signed a long-term time charter contract for a new 164,700m3 Moss type LNG carrier with domestic utility company Chubu Electric Power Co.

China’s Qingdao Port has inked an agreement with Brazilian mining giant Vale to establish a sister-port relationship with Vale’s Ponta da Madeira Port in order to boost iron trade between the two terminals.

OW Tanker A/S, a unit of Danish oil trader OW Bunker, has been taken over by Alba Tanker ApS

IMO’s Maritime Safety Committee approved, in principle, the draft International Code of Safety

Athens-based Stealthgas Inc. has concluded chartering arrangements

Oil major Shell might be facing a fine worth up to USD 3.96 billion

The Australian crew of the product tanker Tandara Spirit decided yesterday to end their sit-in and to sail the vessel from Port Phillip Bay, the crew said in an open letter published by the Maritime Union of Australia (MUA).

CMP said it was investing in a new type of daily shuttle service between Malmö

The Port of Rotterdam says its port tariffs will rise in the coming three years at half the rate of the inflation percentage, by a maximum of 1% per year.

United Arab Shipping Company (UASC) has named the industry’s

West Africa trade continues to acutely feel the pressure of the Ebola outbreak

Sweden’s Port of Gothenburg is aiming to increase the volume of paper

West African crude moves have shifted from the U.S. to Europe

Athens-based tanker owner and operator Tsakos Energy Navigation Limited (TEN)

The cruise industry continues to grow rapidly in Asia and many cruise lines are deploying more capacity in the region

Drewry’s new report Container Terminal Capacity and Performance