Archive

GasLog Partners Secures Multi-Year Charter from Gunvor

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

June 17, 2019 LNG carrier owner and operator GasLog Partners has, through a subsidiary, signed a new multi-year charter agreement with Gunvor Group. Under the deal, Gunvor’s Clearlake Shipping would hire the 155,000 cbm TFDE LNG carrier GasLog Shanghai for a period of three and a half years. The 2013-built tanker is currently operating in […]

Panama Canal to Modify Its Tolls Structure

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June 17, 2019 The Panama Canal has released a proposal to modify its current tolls structure with an “aim to better serve the global maritime industry,” according to Jorge L. Quijano, the canal Administrator. The move marks the beginning of a 30-day formal consultation period for industry feedback, which will close on July 15, 2019. “Our proposed […]

Algoma Wraps Up Acquisition Deal with Oldendorff

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June 13, 2019 Algoma Shipping, a subsidiary of Canadian shipping company Algoma Central Corporation, has finalized the acquisition of the interest held by Oldendorff Carriers in the CSL International Pool. As a result of the transaction, Algoma’s interest in the pool, that included three vessels owned by Oldendorff, has increased to around 40%. The Handy-sized Algoma Verity […]

DSME Wins Another LNG Carrier Order from Maran Gas

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June 12, 2019 South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) has secured another LNG carrier order from Maran Gas Maritime. The Greece-based shipowner, part of Angelicoussis Shipping Group, ordered the 174,000 cbm unit on June 12. The vessel will be built at Geoje Okpo Shipyard and is scheduled for delivery by the first half […]

Diana Shipping Finds Work for Capesize Pair

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June 11, 2019 Greece-based dry bulk vessel owner Diana Shipping has signed new time charter contracts for two of its Capesize vessels. The first charter deal was inked with Singapore Marine Pte. Ltd. for the 2010-built M/V New York. The gross charter rate is USD 15,500 per day for a period of minimum seventeen to […]

DryShips Takes Full Ownership of Heidmar

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June 11, 2019 Greek ship owner and operator DryShips has completed the acquisition of 100% of the issued and outstanding shares of Heidmar, a global tanker pool operator. The company previously indirectly owned around 49.8% of Heidmar. As part of the transaction, DryShips acquired the remaining 50.2% of the pool operator currently held by other […]

CMA CGM to Add 20 LNG-Fueled Ships by 2022

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June 10, 2019 On the occasion of World Environment Day, French container shipping giant CMA CGM has reiterated its commitment to the environment, striving to be a leader in the energy transition of the maritime industry. Claiming to be a pioneer in the use of liquefied natural gas (LNG) as a marine fuel, the group will […]

Maersk, IBM to Pilot TradeLens in Russia

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June 10, 2019 The digital shipping platform TradeLens is coming to Russia with the St. Petersburg area becoming the pilot for the launch. Danish shipping major Maersk and the Russian Ministry of Transport signed a Memorandum of Understanding for the platform’s launch in Russia on June 5. The blockchain-enabled platform, jointly developed by Maersk and […]

Matson Starts Installing Scrubbers on Six of Its Ships

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June 5, 2019 US-based container carrier Matson has started the installation of exhaust gas cleaning systems on six vessels deployed in its Hawaii and China-Long Beach Express services. The company said that three of the vessels would receive the new equipment in 2019 and the remaining three in 2020, as part of Matson’s strategy to […]

J. Lauritzen Shrinks Fleet by 15 Bulk Carriers

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June 5, 2019 Danish shipping company J. Lauritzen has shrunk its fleet by 15 bulk carriers amid a weak market. The company’s controlled fleet stood at 68 bulk carriers in the first quarter of 2019, down from 83 units in the same quarter in 2018. J. Lauritzen said that the market for handysize bulk carriers […]