Diana Shipping said the gross charter rate was agreed at USD 10,125 per day for a period of fourteen to about seventeen months. The charter for the 177,729 dwt Houston started on February 17, 2019. The 2009-built dry bulker is expected to generate an estimated USD 4.25 million of gross revenue for the minimum scheduled…
As informed, the product services division is part of BW LPG’s ambition to provide a low-risk and fully-integrated product delivery service. The company said it will purchase LPG and offer it delivered on the basis of cost, insurance and freight, directly to the end user. By establishing the new division, BW LPG aims to maximize…
Under the contract, MODEC will perform front-end engineering design (FEED) for the FPSO and, subject to a final investment decision on the project in 2019, will be responsible for the supply, charter and operations of the FPSO. The SNE deep-water oil field is expected to be Senegal’s first offshore oil development. The field is located…
Rotterdam Bunker Port Tracks Reduce In Sale Of Fuel Oil & Increase In LNG In 2018, the sale of bunker oil – fuel for shipping – in the Rotterdam bunker port decreased from 9.9 million m3 to 9.5 million m3. The decrease can almost entirely be ascribed to the decline in sales of heavy fuel…
The Spectrum of the Seas will probably be leaving the covered building dock II at the MEYER WERFT on 25 February 2019. The ship has a rating of 169,300 GT and measures 347.75 m in length and 41.4 m in width, with capacity for 4,188 passengers. The ship built for the American Royal Caribbean International…
Global Sulphur Limit Preparations Are On Track In IMO This week, the IMO made substantial progress towards the Organization’s final preparations for the new global Sulphur regulation which enters into force on 1 January 2020. The International Maritime Organization’s (IMO) sub-committee on Pollution Prevention and Response met in London this week to discuss a number…
In response to rapidly growing customer demand, APM Terminals Barcelona, Spain has increased reefer capacity by 31%. The electrical capacity of the terminal has also been improved, leading to a reduction in CO2 emissions of 600 tonnes per annum. An additional 152 reefer plugs have been added at the terminal, raising the total to 677….
Mitsui O.S.K. Lines, Ltd. (MOL) announced that it has signed a long-term charter contract to operate Asia’s largest (12,000m3-class) LNG bunkering vessel in Singapore, the world’s largest fuel supply port, with Pavilion Gas Pte Ltd. (PGPL), a wholly-owned subsidiary of Pavilion Energy Pte Ltd.. Demand for LNG as bunker fuel is expected to grow on…
Mitsui O.S.K. Lines, Ltd. (MOL)announced that on February 20, it welcomed career-minded students from Komaba Toho Junior High School for a lecture on the ocean shipping business and merchant vessels, as well as MOL’s approach to the business. Every year, the school holds various career study programs to help students broaden their career horizons and…
Revenues dropped to USD 1.7 billion in 2018 from USD 1.9 billion posted in 2017. For the fourth quarter of 2018, net loss stood at USD 6.4 million, against a loss of USD 32.2 million seen in the corresponding period a year earlier. Additionally, revenues were USD 491.5 million in Q4 2018, an increase of…
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