Monthly Archives: December 2017

Four giant new container vessels will join Iran's shipping fleet next year. With the arrival of these vessels, the rank of the national shipping fleet in the work will rise to 16 from 20 at present, chairman of the Islamic Republic of Iran Shipping (IR...

At the current rate of carbon emissions of about 35 to 40 gigatons a year, scientists are estimating that the Arctic could become ice-free within the next 20 years, Suptnik reported quoting National Snow and Ice Data Center (NSIDC) in Boulder.

Mitsui O.S.K. Lines (MOL) has announced that on December 16, its operated LNG carrier, the ESSHU MARU, rescued a crewmember from a fishing boat that wrecked in the North Pacific Ocean. Early in the morning of December 16 (in local time), the ESSHU MARU…

Kuwait Petroleum Corp. (KPC) has signed a 15-year liquefied natural gas import deal with Royal Dutch Shell Plc to help the oil exporting nation meet growing domestic energy demand. A report in Bloomberg said that the sales purchasing agreement with She...

Keppel Corporation Limited (Keppel Corporation or Keppel) today confirmed that KOM has reached a global resolution with criminal authorities in the United States, Brazil and Singapore in relation to corrupt payments made by KOM's former agent in Brazil,  Zwi Skornicki.

HSH Nordbank AG's  subsidiary Godan GmbH, the controlling unitholder of First Ship Lease Trust (FSL Trust), is looking to divest all its shares in FSL Holdings, the sponsor of the trust, reported Business Times. The report quoted FSL Trust as…

International Seaways has entered into a binding letter of intent to acquire the holding companies for six 300,000 DWT VLCCs with an average age of 1.7 years from Euronav NV in connection with the closing of Euronav’s announced acquisition of Gener8 Maritime, Inc. (GNRT).