Samsung Heavy Industries (SHI) has developed an in-house LNG regasification system for LNG-FSRU, claiming that the system is able to minimise corrosion from sea water and reap higher energy effciency.
An upturn in the tanker market is not seen until the end of 2018 as oversupply and newbuilding orders dog the market.
AP Moller Holding is buying Maersk Tankers for $1.17bn taking it out from public-listed AP Moller – Maersk, which is restructuring to focus on the container transport and logistics sector.
Sembcorp Marine (Sembmarine) is set to build two neo-panamax compressed gas liquid (CGL) carriers for SeaOne Caribbean after inking a Letter of Intent with the Texas firm.
The first European-built LNG bunker tanker has made her maiden voyage delivering LNG to a terminal in Ora, Fredrikstad in Norway on Thursday.
Thailand’s newly-listed Prima Marine (PRM) is planning to double the size of its fleet over the next three years, including the purchase of at least one VLCC and two FSO…
Five seafarers are missing after a tanker collided with a dredger in the Singapore Strait early on Wednesday morning.
Danish institutional investors are suing banks Morgan Stanley and Carnegie over the IPO prospectus of bankrupt OW Bunker.
Cosco Shipping Development Co’s (CSDC) vessel owning subsidiary Oriental Fleet LNG 01 Limited has secured $112m of loans from Bank of Communications Hong Kong Branch (BoCom HK).