Archive

Golden Ocean Defers Loans, Readies for Equity Issue

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February 18, 2016 Dry bulk shipping company Golden Ocean Group Limited has entered into a deal to amend all its bank loans and is in talks with yards about further postponements of newbuilding deliveries, and a new equity issue. Read More

Air France To Announce 1,400 Job Cuts – Unions

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February 17, 2016 Air France will next week announce a plan to cut 1,400 jobs via voluntary redundancies, officials at two unions said. Read More

Airbus says not getting aircraft delivery deferral requests from airlines

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February 16, 2016 Airbus is not receiving requests from airlines for deferrals of delivery of aircraft, its sales chief John Leahy said on Tuesday at the Singapore Airshow. Read More

U-Ming Inks Deal for Two 81,500 dwt Bulkers

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February 16, 2016 Singapore-based ship owner U-Ming Marine Transport has signed a contract for the construction of two 81,500 dwt bulk carriers. Read More

Vopak’s New LPG Facility in Singapore Gets Its First Cargo

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February 16, 2016 Tank storage company Vopak has received its first cargo at the new liquefied petroleum gas (LPG) facility at its Banyan terminal on Jurong Island, marking the start-up of Southeast Asia’s first independent LPG import and storage facility. Read More

MSI: Tanker Earnings to See Muted Upside by April

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February 16, 2016 Tanker market earnings should experience a limited upside from current levels by April with time charter rates being under pressure as a result of growing supply of large crude and products tonnage, Maritime Strategies International reports in its latest Tanker Freight Forecaster. Read More

Airlines reject criticism of fares after oil price drop

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February 15, 2016 Global airlines countered allegations of profiteering from low oil prices on Monday after renewed criticism that air fares have failed to come down in line with tumbling fuel costs. Read More      

DFDS Wraps Up Record Year, Expects Higher Revenue in 2016

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February 12, 2016 Danish shipping and logistics company DFDS posted a profit of DKK 1.07bn (USD 151m), up by 89pct when compared to last year’s DKK 571 million. Read More

Container Shipping Giants to Settle with EU Commission on Price Hikes

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February 11, 2016 Container shipping companies that are being investigated by the European Commission over a suspected breach of antitrust rules have agreed to settle with the Commission and change their pricing policies so as to avoid fines, Reuters reports citing sources familiar with the matter. Read More

Golar LNG Partners to Buy FSRU Golar Tundra for USD 330 Mln

Posted By Tony Sanchez / Uncategorized / 0 Comments

February 11, 2016 Golar LNG Partners LP has entered into an agreement with Golar LNG Limited to buy its 170,000 cbm floating storage and regasification unit (FSRU) Golar Tundra. Read More