The world's largest oil tanker shipping company Frontline Ltd has declined options to buy four more tankers from Trafigura Marine Logistics (TML) and said that it will keep to buying only 10 tankers.Last month, the Bermuda based company announced…
Read more
Pelita Samudera Buys Handysize Bulker
Indonesian shipping and logistics company Pelita Samudera Shipping (PSS) has bought one bulk carrier from Singapore-based Convivial Navigation Co. Pte.Purchase price of the handysize class MV is USD7.53 million. PSS is settling 20% of the amount in cas...
Read more
Cosco Names New CEO for OOIL
Cosco-owned Hong Kong containerline Orient Overseas (International) Limited (OOIL) said its chief executive Huang Xiaowen has resigned and Wang Haimin will succeed him.Executive director Zhang Wei has also resigned. OOIL said Huang and Zhang resigne...
Read more
Ørsted Picks Hellenic Cables for UK Projects
Hellenic Cables, the provider of turnkey cable solutions for the offshore wind industry, has been awarded a contract to supply 23km of subsea cable to Ørsted, the global leader in offshore wind.The cable company, a subsidiary of Belgium giant Cenergy H...
Read more
Solstad Offshore Sells AHTS Vessel
Norwegian offshore vessel owner Solstad Offshore said that its wholly owned subsidiary Farstad Marine has sold one of its anchor handling tug supply (AHTS) vessels."Farstad Marine has sold the 16304-hp, 2002-built anchor handling tug supply vessel Far ...
Read more
LNG Cargo Ready Notation for Ethane Carriers
American Bureau of Shipping (ABS), the provider of classification, technical, and regulatory services for the marine industry, launched the industry’s first LNG Cargo Ready notation.The development was announced at a joint event with GTT, highlighting…...
Read more
ABS Issues AIP for Jiangnan for VLGC, VLEC Design
The class organization American Bureau of Shipping (ABS) has granted the approval in principle (AIP) for the LNG Jumbo, two next generation gas carrier designs from the Chinese Jiangnan Shipyard Group.ABS granted AIP for a 91,000m3 Very Large…
Read more
U.S. builds alliances in ‘wild, wild west’ of space: general
The new U.S. Space Command is working with allies in the “wild, wild west” of space and will harden future satellite networks against attacks, the unit’s top general said, as the Trump administration reorganizes its military space bureaucracy.
Read more
Distant asteroid calamity shaped life on Earth 466 million years ago
The cataclysmic asteroid impact off Mexico's coast that doomed the dinosaurs 66 million years ago was not the only time an astronomical event shaped the history of life on Earth.
Read more
GPA Plans Savannah Port Capacity Expansion
The Georgia Ports Authority (GPA) has plans for a new container port on Hutchinson Island to increase the capacity of the Port of Savannah, Georgia, USA. The planned expansion will double the port’s annual capacity from 5.5 million TEUs to 11…
Read more