Taiwan’s carrier Wan Hai Lines has announced to the stock exchange that it will not proceed to exercise options for four feeder boxships at China’s Guangzhou Wenchong Shipyard/China Shipbuilding Trading Company.

Tsakos Energy Navigation (TEN) has booked two new suezmax tankers on the back of a long term time charter deal.

LNG carrier newbuilding prices are expected to rise on the back of the merger of Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering (DSME), according to GasLog ceo Paul Wogan.

The new $5.2bn mega shipyard complex being developed by International Maritime Industries (IMI) hosted a Q&A session for potential supply chain partners at the Seatrade Maritime Middle East event in Dubai in the last week of October 2018.

Oman Shipping Company (OSC) is eying an ambitious fleet expansion plan after it ordered two eco-friendly newbuild VLCC at South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME).

China Merchants Industry Holdings (CMIH) has signed agreement with Sinotrans-CSC China Changjiang National Shipping Group to take over Nanjing Jinling Shipyard and Wuhu Jiangdong Shipyard from the start of 2019.

Japan’s NYK has received a JPY2bn ($18m) loan from Taiyo Life Insurance Company to exclusively finance the construction of its first methanol-fuelled chemical tanker.

China Shipbuilding Industry Co. Ltd (CSICL) plans to sell two offshore engineering subsidiaries to its controlling stakeholder China Shipbuilding Industry Group (CSIC) to avoid negative impact caused by depressed offshore engineering market.

MacGregor and China State Shipbuilding Corporation (CSSC) have signed a letter of intent on strategic cooperation that will see MacGregor strengthen its presence in China.

H.E. Dr Abdulla Belhaif Al Nuaimi, Minister of UAE Infrastructure and Chairman of the UAE Federal Transport Authority, was announced as winner of the Global Maritime Community Award during the 15th anniversary Seatrade Maritime Awards Middle East, Indian Subcontinent and Africa on Sunday night, 28 October 2018.

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