MOU for construction of unmanned offshore vessel

NOVEMBER 1, 2016 — The U.K.’s Automated Ships Ltd (an M Subs Ltd subsidiary) and Norway’s Kongsberg Maritime have signed a Memorandum of Understanding to build the Hrönn, the world’s first unmanned

Ultra shallow draft small LNG carrier design unveiled

NOVEMBER 1, 2016 — Philippines based infrastructure provider AG&P last week unveiled its design for the first ultra-shallow draft small LNG carrier work horse for Southeast Asia’s stranded power markets The ultra-shallow

Navigator Gas in $220 million loan agreement

NOVEMBER 1, 2016 — Wilbur Ross backed LPG carrier specialists Navigator Gas L.L.C. and Navigator Holdings Ltd. have entered into a secured facility agreement with ABN-AMRO, DVB Bank, Skandinaviska Enskilda Banken (“SEB”)

Survey predicts vessel operating costs will rise

NOVEMBER 1, 2016 — The latest survey by international accountant and shipping consultant Moore Stephens finds that vessel operating costs are expected to rise both this year and next, with repairs and

Korea to order $9.6 billion of ships at domestic yards

OCTOBER 31, 2016 — South Korea’s government and public entities will place orders for more than 250 ships, worth about 11 trillion won (US$9.59 billion), with domestic shipyards by 2020 as part

Japanese giants to merge box ship operations

OCTOBER 31, 2016 — Japan’s Kawasaki Kisen Kaisha, Ltd. (K Line), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kabushiki Kaisha (NYK) plan to integrate their container shipping businesses by setting a new

MAN Diesel wins breakthrough high speed engine order

OCTOBER 30, 2016 — MAN Diesel & Turbo has won a breakthrough order for its 175D high speed engine, winning the contract to supply the first shipset (plus an option for six

Concordia prepares for “subdued” tanker market

OCTOBER 28, 2016—In a move designed to prepare the company for “a subdued market situation” and increase its liquidity, , tanker operator Concordia Maritime is selling the 158,000 dwt Suezmax tanker Stena

BIMCO: Sulfur cap “no walk in the park”

OCTOBER 28, 2016—The world’s largest international shipping association is voicing its concerns over the International Maritime Organization’s Marine Environment Protection Committee’s plans to implement a global sulfur cap on shipping by January

Fishing firm pleads guilty to illegal oil discharges

OCTOBER 28, 2016—An American tuna fishing company that regularly unloaded its catch in American Samoa, was convicted and sentenced yesterday for discharging oil into the South Pacific and for maintaining false records,

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