Fifth Moss-Type LNG Carrier Joins MISC Group

Malaysian shipowner MISC Group has taken delivery of Seri Cemara, the final of five MOSS-type liquefied natural gas (LNG) carriers, from Hyundai Heavy Industries (HHI).

Baltic Dry Index recovery eases global economy concerns

The Baltic Dry Index has surged 45pc in just three weeks, easing fears that the world economy has slammed on the brakes.

Newly passed legislation abolishes registration fee for vessels in the Danish Register of Shipping

A legislative amendment abolishing the registration fee for vessels in the Danish Registers of Shipping has been adopted by the Danish Parliament.

Momentum for treaty covering hazardous and noxious cargo

​The IMO treaty covering compensation for damage caused by Hazardous and Noxious Substances (HNS) transported by sea is the subject of a workshop underway at IMO Headquarters, London (26-27 April).

Over-Ordering Déjà Vu: 24 VLCC Ordered So Far This Year

Robust interest in newbuilding tonnage is putting a major strain on the tanker market recovery as owners continue last year’s ordering spree that resulted in 57 very large crude carriers being ordered.

Diana Shipping Agrees Higher Charter Rate for Panamax Bulker

Greek dry bulk ship owner Diana Shipping has entered into a time charter contract with Uniper Global Commodities for one of its Ice Class Panamax dry bulk vessels.

Biggest Indian Cargo Company Wants to Build an Uber for Shipping

Allcargo Logistics Ltd. is emulating Uber Technologies Inc. to boost its business of sharing marine containers.

Aramco Appoints International Board Members Amid IPO Plans

Saudi Aramco, the world’s biggest crude exporter, appointed new board members with experience in international oil and petrochemical businesses as it plans a possible overseas share sale in what could be a record initial public offering.

K Line Returns to Profit

Japanese shipping major K Line delivered a net profit of JPY 10.4 billion for the fiscal year ended March 31, 2018, compared to a net loss of JPY 139.4 billion seen a year earlier.

Australia And Canada To Monitor North Korean Ships

Australia’s Prime Minister Malcolm Turnbull said on Saturday the country will send a military patrol aircraft to monitor North Korean vessels suspected of transferring prohibited goods in defiance of United Nations sanctions.