Copenhagen-headquartered TORM reports that it has entered into an agreement to purchase eight 2007-2012 built MR product tankers from Team Tankers Deep Sea Ltd. for a total cash consideration of $82.5 million
The Maritime and Port Authority of Singapore (MPA) has issued a third LNG bunker supplier license. It has been awarded to Total Marine Fuels Private Limited and is for for a five-year
An Israeli-owned car carrier, the MV Helios Ray, has been damaged by an explosion that occurred when the vessel was in the Gulf of Oman, approximately 44 nautical miles northwest of Muscat.
CMA CGM Group Chairman & CEO Rodolphe Saadé announced today that he will dedicate six new liquefied natural gas (LNG) fueled containerships to the U.S. market, as part of the group’s ongoing
After taking a pause to maintain apparatus, the St. Simons Sound Response team today resumed cutting operations on the hull of the capsized car carrier Golden Ray, which is being sliced into
By dropping in bio-LNG to their fuel mix, owners of LNG-fueled ships could extend the time through which they are eligible for preferential “green” financing under the Poseidon Principles. The SEA-LNG coalition
Germany’s United Wind Logistics is to use the ABB Ability marine advisory system OCTOPUS to support its module deck carrier VestVind as it transports large wind farm components such as turbines, foundations
Naples, Italy, headquartered Grimaldi Group has signed a $600 million agreement with South Korean shipbuilder Hyundai Mipo Dockyard covering the construction of six new RO/RO multipurpose vessels. With a length of 250
CIT Group Inc. (NYSE: CIT) reports that its Maritime Finance business served as sole lead arranger on a $45 million financing for a portfolio of seven containerships. The financing was arranged on
By Martin Wallgren, Chief Information Officer at GAC Group Done right, digital transformation has boundless potential for shipping. But doing it right demands resilience, the right mindset and a clear focus on