Diana Shipping Extends Charter with Phaethon International

Ordered from South Korea’s Hyundai Samho Heavy Industries, the units would feature a length of 297 meters and a breadth of 46.4 meters. The first vessel from the batch, scheduled to be delivered in 2020, would transport LNG from Louisiana’s Cameron LNG project over a period of 18 years. The other two units, which would…

Namely, the company said that the new vessels would, upon delivery, enter into minimum 5 maximum 12-year contracts to an undisclosed oil major. According to data provided by Asiasis, the 158,000 dwt tankers were ordered from Hyundai Samho Heavy Industries in late January. The company would reportedly build the units at USD 65 million per…

In addition, ABP has invested GBP 6 million (around USD 7.7 million) into Thor’s 10-acre leased terminal, allowing substantial infrastructure improvement works and an additional 2.5 acres of container storage space. As part of this investment, a hybrid GBP 3.5 million Liebherr harbor crane will arrive in March 2019 to bolster eco-friendly operations, the port…

Two Massive Shipwrecks As Big As The Vasa Ship Discovered Outside Vaxholm Divers have found out two 17th century huge warships outside Vaxholm which is an island near Stockholm. The archaeologist divers that are from the new museum Vrak-Museum of Wrecks are estimating that these might be the sister ships of Vasa. The archaeologists of…

“The industry will soon be under the obligation to incorporate measures to deal with cyber risks in the ship’s safety management system. This had not been tackled in the previous versions,” says Dirk Fry, chair of BIMCO’s cyber security working group and Director of Columbia Ship Management Ltd. “The third edition provides additional information which…

A new training course offered by ISWAN will provide management-level personnel on shore and on board ships with an introduction to mental health awareness. The one-day course, provided by the International Seafarers’ Welfare and Assistance Network (ISWAN), is also suitable for anyone who wants to gain a better understanding of mental health at sea and…