Petredec has ordered six more VLGCs for Hyundai Heavy Industries (HHI) with 5-10 year charters with Shell in hand for each vessel. 

Epic Gas has exercised an option to build two additional 11,000 cu m gas carriers at Japan-based Kyokuyo Shipyard Corporation.

The spike in VLCC rates towards the end of 2013 did little to improve the outturn for this class of vessels for the year as a whole. Average earnings for VLCCs, according to Clarksons Research, averaged a miserable $16,009 a day for the year...

Data from ITOPF shows large spills from tankers were up in 2013, with three spills over 700 tonnes.

Euronav has raised $50m by issuing 5.4m shares, the first step in gathering $1bn to purchase Maersk Tanker's 15-strong VLCC fleet.

Oman Drydocks Co (ODC) enjoyed its best year of trading in 2013, and is eyeing potential as hub for the repair of LNG carriers.

Since the dust settled on the global financial crisis, the shipping industry seems to have been on the verge of a medium term recovery, however, year after year it has remained tantilisingly on the horizon but never getting any nearer.

Nakilat, in cooperation with charterers Qatargas and RasGas, is to convert a Q-max vessel to run on LNG as a pilot project for the company's 14-strong Q-max fleet.

Greece is the world’s largest shipowning nation by the value of ships owned, followed by Japan and China.

Tanjung Langsat Port is ramping up its capabilities and aiming to take a larger slice of the liquid bulk market in Johor with expected investments from up to seven regional and international investors after the completion of its two new berths in...