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  • DNV GL, N-KOM Championing LNG

      DNV GL and Qatar’s shipyard Nakilat-Keppel Offshore & Marine (N-KOM) have signed a Memorandum of Understanding to promote liquefied natural gas (LNG) as fuel within the maritime and offshore industry.  The MOU will further strengthen the position of N-KOM, which is a joint-venture between Qatar Gas Transport Company (Nakilat) and Keppel Offshore & Marine, in the areas of LNG-fuel...

  • BW Pacific Orders Four from STX

    BW Pacific has signed shipbuilding contracts with STX Offshore and Shipbuilding Co. Ltd. (STX) for four Long Range 1 (LR1) product tankers today, 11 December 2014. The agreement with STX includes options for additional vessels.The four firm newbuildings will be delivered in late 2016 and early 2017 and form part of the company’s fleet renewal program.Andreas Sohmen-Pao, Chairman BW Pacif...

  • MOL Orders Third LNG Carrier

    Japan’s Mitsui OSK Lines (MOL) has placed an order for the third 165,000m3 LNG carrier labelled JMU 5073 with Japan Marine United. Mitsui has also concluded a basic agreement on joint ownership and 20-year charter contract for the newbuilding LNG carrier with Tokyo LNG Tanker Co., Ltd.The vessel is scheduled for delivery in 2018.This is the third LNG carrier MOL will ...

  • Seventeen Vessels Acquired in Past Two Weeks

      Lion Shipbrokers said that a total of seventeen vessels changed their owners in the past two weeks.  Namely, eight bulk carriers, three container vessels and six tankers have been acquired by various shippers.  Bulkers:  M/V “BULK CHINA” – 179,109 dwt, blt 2013 Orient/S. Korea, NV, 9 HO/9 HA, MAN-B+W 6S70MC-C  Sold to undisclosed buyers for $55 mill  M/V “ZHUSHUI 3″ – 79,501 dwt, blt 2012 ...

  • Norden Seals Financing for Its USD 1Bln Fleet Renewal

    Danish shipping company Norden said that it has secured three new credit facilities, worth a total of USD 187 million.Two loans have been agreed with Scandinavian banks and the remaining one with a Japanese bank. The said financing puts USD 433 million of undrawn credit facilities at Norden’s disposal, the company added.The new credit facilities will be used for ...

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