Wah Kwong forms methanol bunkering partnership
Hong Kong shipowner Wah Kwong has teamed up with Chinese clean energy producer CIMC ENRIC to offer green methanol bunkering solutions in the southern China’s Greater Bay Area (GBA) and across Asia. “The partnership is the first-of-its-kind collaboration in the clean fuel sector. The project will combine CIMC ENRIC’s supply of renewable fuels with Wah […]
Venezuelan coast guard vessel enters disputed waters near ExxonMobil FPSO
A Venezuelan military ship was spotted in Guyana’s waters on Saturday morning sailing close to ExxonMobil’s producing FPSO claiming that the units were operating in “a disputed area”. In a national address, Guyana president Irfaan Ali revealed that the Venezuelan vessel, which entered Guyanese waters on Saturday morning, was part of its coast guard fleet. […]
Two Paratus jackup deals to be terminated early
John Fredriksen-backed Paratus Energy Services has received a notice from an unnamed client that it would be exercising its options for early termination of the drilling contracts for two of Paratus’ jackups. The notice was given to the company’s wholly-owned subsidiary Fontis Holdings. The earlier termination of the contracts for the 2007-built Courageous and the […]
Lauritzen Bulkers CEO leaves due to stress
Martin Egvang has stepped down as chief executive officer of Copenhagen-based shipowner and operator Lauritzen Bulkers, citing stress issues. “I have been experiencing increasing stress-related symptoms, which has reached an unsustainable level, and I have therefore concluded that the right thing for me is to step down as CEO of Lauritzen Bulkers,” Egvang said. He […]
Toro to become pure-play LPG carrier owner with tanker spin-off
Nasdaq-listed owner Toro has initiated a process of separating its tanker and LPG businesses. The spinoff of Cyprus-based Castor Maritime with one tanker and four gas carriers spinning off the 2006-built handysize products carrier Wonder Mimosa into a newly formed subsidiary Robin Energy. The company has applied for trading on Nasqad and Toro shareholders will […]
Nordic American Tankers boosts suezmax fleet
Nordic American Tankers (NAT) is pressing ahead with fleet growth and renewal plans with the addition of a 2016-built suezmax. The Herbjorn Hansson-led owner and operator has picked up the unnamed vessel from what it says is “a first-class owner” in a deal struck in the mid-to-high $60m area. The unit will change hands in […]
HMM takes Hosco newcastlemax
South Korean flagship line HMM has been linked to another secondhand purchase in the larger bulk carrier segment. Brokers report the Seoul-based company has snapped up the 2014-built newcastlemax Oriental Dragon from bulker owner Hebei Ocean Shipping Co (Hosco) in a deal valued at about $49.2m. Hosco bought the Imabari-built 207,800 dwt unit as Pacific […]
For Mommy – Best Maternity Footwear: Designed to Support Your Feet Through Every Trimester
Pregnancy is beautiful, but it comes with many challenges, especially regarding comfort. A pregnant woman thinks about her body but often forgets about her feet. It’s essential to take care of them by wearing comfortable shoes. The right footwear is crucial, especially when ankles swell and arches ache. This is where For Mommy – Best […]
MOL, KEPCO ink MoU for joint carbon credit initiative
Mitsui O.S.K. Lines, Ltd. (MOL) and Kansai Electric Power Company (KEPCO) disclosed their agreement, signing a memorandum of understanding (MoU), to explore collaborative opportunities in a carbon removal credit project. Under the terms of the MoU, MOL and KEPCO will undertake research across Africa, Southeast Asia, and other regions to evaluate the viability and economic […]
Middle East Ports: Strategic Hubs Amid Growth, Innovation, and Geopolitical Shifts
Middle East’s container ports play a pivotal role in global maritime trade, leveraging their strategic locations along vital shipping lanes connecting Asia, Europe, and Africa. This analysis aims to provide an operational overview of the latest performance of the major ports, infrastructure, and developments, standing in a region increasingly defined by technological innovation, transshipment rivalry, […]