Danish shipping company Torm announced it has entered into an agreement to acquire eight secondhand LR2 vessels from an undisclosed seller.The $399 million deal includes a cash consideration of $239 million and the issuance of approximately 5.5 million...
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Cyprus Outlines Plan for Maritime Corridor to Get Aid to Gaza
The president of Cyprus outlined a proposal on Thursday to open a maritime corridor to help deliver more aid to Gaza, a plan which he said could be operational quickly but which diplomats said faced challenges.Under the plan presented by President…
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World’s First: Japanese Firms to Looking to Build Sustainable Bulk Carriers for Copper Transport from Chile
Japan's NYK Line said Thursday its NYK Bulk & Project Carriers Ltd. (NBP), Oshima Shipbuilding Co., Ltd. (OSHIMA), and Sumitomo Corporation (SUMITOMO) had signed a memorandum of understanding to study, design, and construct the world’s first…
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Mideast Conflict Dims Prospect of More Egyptian LNG Exports to Europe
The prospect of the EU receiving more liquefied natural gas (LNG) from Egypt in the short and medium term looks unachievable due to tight gas balances and reduced imports from Israel, Oxford Institute of Energy Studies (OIES) said.Egypt shipped…
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Maritime Technology Firms NAVTOR and Voyager Worldwide Set to Merge
NAVTOR, an e-Navigation and performance technology provider to the maritime industry, and Voyager Worldwide, a provider of maritime technology solutions, have agreed to merge.The combined company will deliver products and solutions to approximately 18,...
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Excelerate Energy Secures Long-Term LNG Deal with Petrobangla, Bangladesh
U.S.-based LNG firm Excelerate Energy has signed a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) with the Bangladesh Oil, Gas & Mineral Corporation (Petrobangla). Petrobangla has agreed to purchase 0.85 to 1.0 million…
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U.S. Navy Takes Delivery of Ship to Shore Connector, Landing Craft, Air Cushion 108
The U.S. Navy took delivery of the next-generation landing craft, Ship to Shore Connector (SSC), Landing Craft, Air Cushion (LCAC) 108, from Textron Systems."These next-generation craft provide our Navy and Marine Corps team with essential agility and ...
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US Commits $553M Financing for Adani Terminal Venture at Colombo Port
The U.S. International Development Finance Corporation (DFC) said it will provide $553 million financing for a Colombo port terminal project, partly owned by India's Adani Group, advancing the first foray by an Indian company into the sector.Sri Lanka…
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Weathernews and Dataloy Systems Launch Solution to Refine Vessel Voyage Management
Weathernews Inc. and Dataloy Systems AS said Wednesday they had introduced an integrated solution to refine vessel voyage management based on unique weather data. The integration combines Weathernews' historical seasonal routes and sea margins with Dat...
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3D Printed Spare Part Cuts Downtime for Wallenius Wilhelmsen’s RoRo Vessel
Pelagus 3D said Wednesday it had delivered a Return Oil Standpipe at Kobe, Japan, to be installed on Wallenius Wilhelmsen's RoRo vessel TYSLA. The collaboration involved Kawasaki Heavy Industries and Wilhelmsen Ship Management.Traditionally…
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