Fredriksen firms up Dalian VLCC brace
John Fredriksen’s Seatankers Management has added to its VLCC newbuilding series in China, with two options called at Dalian Shipbuilding Industry Co (DSIC). The order follows on from six firm 307,000 dwt scrubber-fitted tankers at $120m each, with slots secured for an additional pair, which has now been firmed up. The eight newbuilds are slated […]
Car carrier hit by massive fire a year ago readies for new life in China
A year on from a devastating fire which killed one crewmember, the car carrier formerly known as Fremantle Highway is being prepped to head from The Netherlands to new owners in China. Dutch authorities have reversed an earlier decision, which had denied current owner Koole Contractors an export permit as the ship – now renamed […]
Three seafarers held by the Houthis for the past 261 days hit by malaria
The Philippines’ Department of Migrant Workers is busy working to free crew held in the Middle East with news that some of the seafarers held there have been suffering from malaria. Iran has seized a number of ships passing through the Strait of Hormuz in the past year with many crew held for months. The […]
Precious Shipping eyes further sales of ageing bulker tonnage
Precious Shipping is looking to offload more vintage tonnage as fleet renewal push at the Thai dry bulk player presses ahead. “We hope to sell a few more of our older, smaller handy sizes, as well as a few non-eco engine supramaxes, during the second half of this year,” the Khalid Hashim-led listed owner said […]
University of Miami professor seeks funding for new form of wind propulsion
A researcher from the University of Miami College of Engineering is seeking funding to build a prototype of a new form of wind propulsion for ships. GeCheng Zha, a professor of aerospace engineering and director of the Aerodynamics and Computational Fluid Dynamics Lab, has developed nonrotating cylinders, developed with co-flow jet technology similar to what […]
GasLog Partners readies LNG carrier sale and leaseback deal
GasLog Partners is set to strike a sale and leaseback deal for one of its tri-fuel diesel-electric (TFDE) LNG carriers. The Peter Livanos-controlled company said in its second-quarter earnings release, it had been pursuing an agreement for an unnamed vessel, without disclosing further details. “While no definitive agreement has yet been reached, the agreement is […]
COSCO Shipping orders four asphalt carriers for $98m
China’s COSCO Shipping Specialized Carriers has ordered four 9,000-tonne special liquid cargo ships at Mawei Shipyard, a subsidiary of Fujian Shipbuilding. These four vessels were ordered through its Hong Kong-based wholly-owned subsidiary COSCO Shipping Investment Development and will be used for asphalt transport. The total investment is around $98m while the price of a single […]
Wison New Energies to build another construction yard in China
Wison New Energies and the Qidong municipal government of China’s Jiangsu province have signed an investment agreement to construct the company’s new yard for offshore facilities. The yard, which will be built in the Qidong Lusi Port Economic Development Zone, is some 98 km from the company’s Shanghai headquarters and only 85 km away from […]
Oceaneering wins Aker BP contract
Oilfield services provider Oceaneering has secured an inspection, maintenance, and repair (IMR) support services contract with Norwegian operator Aker BP. The Houston-based outfit’s Norwegian subsidiary will be in charge of the contract set to last up to seven years, if all options are called. The initial three-year firm period will see Oceaneering mobilise in August […]
CMA CGM introduces PSS to USEC and US Gulf Coast
French ocean carrier CMA CGM has announced a peak season surcharge (PSS) for cargo from the Indian Subcontinent, Middle East Gulf, Red Sea and Egypt to the United States East Coast and US Gulf Coast. Effective from 1 September 2024, the surcharge will be US$1,000 per container. If you liked this post, please consider donating5€10€20€50€ […]