Wednesday, August 22, 2018

Q3 2018 Asia Shipping Outlook: Oversupply sinking dirty tankers; clean hit by newbuilding VLCCs

The Asian dirty tankers market is expected to be subdued in the third quarter, despite plans of exporting countries to increase output, but the...

LNG Tankers ‘Vladimir Rusanov’ and ‘Eduard Tolle’ Complete Passage along Northern Sea Route

NOVATEK on Friday reported that two Arc7 ice-class tankers "Vladimir Rusanov" and "Eduard Tolle" have successfully completed the passage along the Northern Sea Route...

Japan’s First LNG Bunkering Vessel to Start Operation in 2020

Central LNG Shipping Japan Corporation (Hereinafter: CLS), a joint venture established by Kawasaki Kisen Kaisha, Ltd., Chubu Electric Power Co., Inc., Toyota Tsusho Corporation,...

Mitsubishi Shipbuilding Holds Christening Ceremony for Diamond Gas Rose, Next-Generation LNG Carrier –...

Mitsubishi Shipbuilding, based in Yokohama, today held the christening ceremony for a next-generation LNG carrier under construction for a joint venture of Mitsubishi Corporation...

Awilco LNG ASA Secures Time Charter Contract for ‘TFDE WilForce’

Awilco LNG ASA has announced that the 2013-built 156,000 cbm TFDE WilForce (the Vessel) has been committed on a 9-12 month time charter contract...

ClassNK grants AIP to NYK Line and Japan Marine United for their joint project...

Leading Classification Society ClassNK granted an Approval in Principle (AIP) based on its Rule Part GF which adopts IGF Code (regulation for ships using...

WinGD celebrates milestone order for 100th X-DF engine

Only five years after the launch of the X-DF engine, WinGD is pleased to announce they have secured an order for their 100th X-DF...

JERA and EDF Trading to Form an LNG Optimisation and Trading Joint Venture

JERA Co., Inc ("JERA") and EDF Trading Limited ("EDFT") are pleased to announce the signing of binding agreements to form an LNG optimisation and...

Dirty Tankers: OPEC Boosts Crude Oil Output but Excess Tonnage Remains

Freight rates have risen over the last quarter on VLCCs and Suezmaxes. However, there have been supply-side shocks which threaten to reduce tonne-mile demand...

Stolt-Nielsen Limited Reports Unaudited Results For 2nd Quarter and 1st Half of 2018

Stolt-Nielsen Limited (Oslo Børs: SNI) today reported unaudited results for the second quarter ended May 31, 2018. Net profit attributable to shareholders in the...