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Transpetrol Gas Holdings Limited (Transpetrol) has exercised an option to back out of an LPG-carrying joint venture with Stolt-Nielsen and Sungas Holdings.
Many Private Equity (PE) investors have been busy plotting the optimal structure and timing for their entrance into shipping. However, one highly successful transportation- savvy investor is already plotting the…
Troubled First Ship Lease Trust (FSL Trust) has taken redelivery of one of two crude oil tankers, Aqua, previously leased to a subsidiary of Geden Holdings.
The top management of struggling shipping fund FSL Trust have quit in what is being characterised as a “difference of opinion”.
Scorpio Tankers has announced orders for up to 10 VLGCs in Korea at $74m each.
At the International Association of Classification Societies (IACS) 67th council meeting in Oxford, members agreed that a discussion of container ship structural design was needed.
Second quarter profits at Stolt-Nielsen were $26m for 2013, up from the previous quarter's $1.4m but down on 2012's $37.6m for the same period.
Excel Maritime has filed for chapter 11 bankruptcy protection as part of a recently agreed financial restructuring.
Product trades look set fair for development in the years to come. Interviews with leading product carrier owners in Denmark recently suggest that a 3% growth in product carrier trade…
Daewoo Shipbuilding & Marine Engineering (DSME) recently announced it had won a KRW469.6bn ($411.2m) order to build two liquefied natural gas (LNG) carriers from Angelicoussis Shipping Group.
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