Tanker owner Euronav has approached Ecochlor to retrofit seven suezmaxes and VLCCs with ballast water management systems (BWMS), with an option for 30 more Ecochlor systems between 2020-2024.
The seizure of the British-flagged tanker Stena Impero by Iranian forces comes as another blow for the UK Ship Register (UKSR) which is already reeling from the impact of the uncertainty of Brexit.
Construction has started of Shenghong Group’s liquid bulk cargo terminal project in Lianyungang, Jiangsu province, China.
The American Association of Port Authorities (AAPA) has recognised the Port of Corpus Christi’s Moving America’s Energy media campaign with its 2019 Award of Excellence.
The recent actions of the Indian government, to limit domestic shipbuilding activities to Indian yards, and also to favour the state-run Cochin Shipyard in awarding contracts for small craft and passenger vessels, have resulted in substantial heartburn in both a Sri Lankan shipyard and a small Indian yard located Goa.
A New York Maritime (NYMAR) with the breakfast wrap-up event to Marine Money 2019 coming two days after the Global Maritime Forum’s high profile launch of the Poseidon Principles meant the importance of ESG investing (Environment, Social and Governance), as well as alternative finance and consolidation.
John Fredriksen’s Frontline has boosted its tanker fleet with an acquisition of a VLCC resale and an order for two LR2 ships.
A latest Shipping Confidence Survey has shown a dip in confidence in the shipping industry over the past three months, and the survey respondents have forecast higher freight rates for the container and tanker shipping segments.