Polaris Shipping, Korea Midland Power, Hyundai Heavy Industries (HHI) and Siemens Energy Solutions have signed a $940m memorandum of understanding (MoU) to develop a Floating Storage Regasification Unit (FSRU) with an integrated power plant.
Mitsui OSK Lines (MOL) and a subsidiary of the world's largest methanol supplier have entered into an agreement to build and charter up to three methanol carriers.
Andrew Callaghan, Seatrade’s managing director Asia and global sales director, died peacefully yesterday at home in Suffolk after a battle with cancer. He was 54.
Wärtsilä has been contracted to supply propulsion systems for six new chemical tankers under construction for Stolt Tankers at a Hudong-Zhongua Shipbuilding in China.
China has revealed a new ship scrapping policy to accelerate the demolition of older vessels and streamline the overall efficiency of the shipping sector.
Scorpio Bulkers has revealed the terms of its initial public offering (IPO) of 15.5m common shares on the New York stock exchange, along with a $330m senior secured loan.