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Euronav Sells One of Its Oldest Suezmaxes

Tanker

Euronav NV has decided to dispose of one of its oldest Suezmax vessels, the 2003-built Finesse.

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Fincantieri, Marakeb Team Up on Unmanned Technology

Fincantieri

Fincantieri, Marakeb start collaboration in the field of autonomous technology.

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GTT Acquires Icelandic Smart Shipping Solutions Provider

LNG carrier

GTT acquires 100% of the share capital of Marorka, an Iceland-based company specializing in smart shipping.

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Piraeus Bank, ORIX Corporation Team Up on Maritime Financing

money

Piraeus Bank, ORIX Corporation to provide financing solutions to the Greek maritime sector.

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TOP Ships' JV Offloads MR2 Pair

TOP Ships

TOP Ships' JV sells M/T Holmby Hills and M/T Palm Springs.

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Diamond Princess Crew Allowed to Return Home

Diamond Princess

Seventy crew members of Diamond Princess infected with the COVID-19 virus.

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Readers' Picks of the Week

ship

Here are the most read stories of the previous week.

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Coronavirus Comes at the Worst Time for Shipping

The outbreak of the coronavirus comes at one of the worst time for the shipping industry.

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IMO Urges Unnecessary Delays to Ships Are Prevented

Shipping

IMO urges member states to undertake measures to prevent unnecessary delays of ships.

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Diana Shipping’s 2nd Vessel Sale Falls Through

Bulker

Both sales were announced back in December 2019.

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Hunter Nets USD 220 Mln Loan to Finance VLCC Newbuilds

Money

Hunter Tankers AS secures USD 220 million loan facility.

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Clarkson Acquires Spanish Shiproker Martankers

LPG carrier

Clarksons has acquired 100% of the issued share capital of Spanish shipbroker Martankers.

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Maersk Posts Higher Earnings, Expects Weak Start of 2020

Maersk Edith

Maersk managed to improve earnings and free cash flow in 2019.

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Scorpio Tankers Reaps Fruit of Scrubber Project

Scorpio Tankers

Scorpio Tankers' scrubber fitted ships have been earning more money than those without scrubbers.

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GoodBulk Offloads Capesize Duo

GoodBulk bulker

Dry bulk vessel owner and operator GoodBulk sold two older Capesize vessels in January 2020.

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Excelerate Launches In-House Ship Management Services

FSRU Experience

Excelerate Energy gets green light to manage its entire FSRU fleet.?

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Marine Contractors Board Ghost Ship Grounded in Cork

MV Alta

The marine contractor boarded the vessel on February 18 and carried out an initial assessment.

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Tomini Shipping Registers on Norwegian OTC

Bulker

UAE-based ship owner and manager Tomini Shipping has registered on the Norwegian over-the-counter (OTC) market in Oslo.??

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Hapag-Lloyd Cheers 80 Pct Higher Operating Profit in 2019

Hapag-Lloyd containership

Hapag-Lloyd recorded an over 80 pct increase in earnings before interest and taxes for 2019.

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Performance Shipping Step Closer to Pure Play Aframax Firm

Tanker

Performance Shipping signs a memorandum of agreement (MoA) to purchase a 2007-built Aframax tanker.

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Marshall Islands' EU White List Status Confirmed by ECOFIN

Marshall Islands

ECOFIN has moved the Republic of the Marshall Islands (RMI) to the EU white list.?

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SEALNG: 175 LNG-Fueled Ships in Operation, 203 on Order

LNG Powered

There are 175 LNG-fueled ships currently in operation, with 203 on order.

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Liners Turn to Surcharges as Reefers Get Diverted in China

containers

Reefer shipments being diverted and relocated amid a shortage of reefer plugs at Chinese ports.

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Ystad Gets EIB Loan for Port Expansion

EURO

EIB signs a USD 46 million loan agreement to enable the Port of Ystad to accommodate climate-friendly vessels.?

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Slowing World Trade Affects Port of Rotterdam Volumes

Rotterdam

The Port of Rotterdam's freight throughput remained flat in 2019, as growth in international trade lost momentum.

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National Geographic Endurance Aces Sea Trials

NG Endurance

The National Geographic Endurance, a new polar expedition ship, has completed sea trials in Storfjorden, Norway.

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GOGL Refinances USD 284 Mn Loan

Bulker

GOGL refinances USD 284 million loan facility covering 15 vessels.

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