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Forest fires in Sumatra are compromising vessels’ safe passage through the Straits of Malacca and Singapore, with smoke haze seriously obstructing visibility.
Sovcomflot (SCF) has reserved construction slots with Russian shipbuilding group United Shipbuilding Corporation (USC) to expand its fleet of Velikiy Novgorod class LNG carriers.
Singapore-headquartered Petredec has added to its VLGC orderbook exercising an option at Hyundai Heavy Industries (HHI).
Russian shipping giant Sovcomflot, natural gas provider OAO Novatek and Russian state corporation "Bank for Development and Foreign Economic Affairs" (Vnesheconombank) have signed an mou for the construction of two…
Claus Thornberg has been appointed president and ceo of Nordic Tankers as Tommy Thomsen moves to work for the Danish Government and joins the board of the tanker company.
US private equity firm Lindsay Goldberg (LG) has expanded its stake in Odfjell's global tank terminal segment to 49% of the Norwegian group's global activities. 
Torm has announced the termination of its American Depository Receipt (ADR) programme due to its cost and small scale.
Asia-based small tanker owner Yujin International has managed to claim back about $6m of advanced payment made earlier for a pair of chemical tankers being built at a Chinese shipyard.
Ship Finance International (SFI) has announced an offering of 8m common shares, worth around $140m at the company's current trading price.
The $10bn Angola LNG project has finally shipped its first LNG cargo to Brazil, 18 months behind schedule.
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