Canada’s Algoma Central Corporation continues to move towards methanol. It has placed a CAD 127 million (about USD 96 million) order with Hyundai Mipo Shipyard in South Korea to build two 37,000
Greenwich, Conn., headquartered Diamond S Shipping Inc. (NYSE: DSSI) reports that it has agreed to sell two of its 2008-built medium-range product carriers, the Atlantic Aquarius and Atlantic Leo, as part of
SEPTEMBER 20, 2017 — Keeping things all in the family, as it were, publicly traded A.P. Møller – Mærsk A/S today signed an agreement to sell Maersk Tankers A/S to APMH Invest
JULY 16, 2015 — Mike Coomber, Managing Director of Redhill, U.K., headquartered Rivertrace Engineering warns that new regulations on the carriage of biofuels could limit the trading flexibility of product tankers from
OCTOBER 27, 2014 — Danish product tanker operator Torm has entered into an agreement with lenders representing 61% of its financing and Oaktree Capital Management on a possible restructuring. The final terms
SEPTEMBER 24, 2014 — Aker Philadelphia Shipyard, Inc. (APSI), the wholly-owned U.S. subsidiary of Aker Philadelphia Shipyard ASA (Oslo: AKPS), held a ceremonial keel laying today for the first of four 50,000
APRIL 13, 2014 — Huntington Ingalls Industries (NYSE:HII) reports that it will conduct a study with pipeline giant Kinder Morgan Energy Partners, L.P. (NYSE:KMP) to explore redeveloping Huntington Ingalls Industries’ Avondale shipyard
DECEMBER 12, 2013 — Billionaire investor Wilbur Ross thinks that this is a good time to invest in clean product tankers. Among the hats he wears is that of Chairman of Diamond
SEPTEMBER 6, 2013 — Athens, Greece, headquartered TOP Ships Inc. reports that it has entered into three Stock Purchase Agreements with an affiliate of the AMCI Poseidon investment fund that will see
APRIL 22, 2013 — Angeliki Frangou led Navios Maritime Holdings Inc. (NYSE: NM) and Navios Maritime Acquisition Corporation (NYSE: NNA) have executed a binding letter of intent to acquire ten vessels, composed
