Alternative investment firm Vӓrde Partners and a subsidiary of Chinese industrial company Landbridge Group have concluded a sale and lease back deal on a VLCC.
Hit by losses from cancelled containership and bulk carrier charter contracts K Line reported a massive JPY111.1bn ($1bn) loss for FY18, end 31 March 2019.
The VLOC Stellar Daisy, which sank in March 2017 with the loss of 22 lives, suffered catastrophic structural failure according to a report by the flag-state Marshall Islands, with classification society Korean Register defending its position in...
Cosco Shipping Energy Transportation has jointly launched a project with Dalian Shipbuilding Industry (DSIC) to develop the world’s first LNG dual-fuel VLCC.
The Port of Corpus Christi Commission has approved a 50-year-long- lease agreement with Lone Star Ports, LLC, a joint venture between the Carlyle Group and the Berry Group, to develop a petroleum export terminal.
Petrobras and Açu Petróleo, have signed a contract to carry out ship to ship operations at the company's Petroleum Terminal (T-OIL), located in the complex of Port of Açu.
The very large crude carrier (VLCC) Brightoil GEM had been arrested by China’s Haikou Maritime Court at the request of the vessel owner’s creditor bank.
Rizhao port of Shandong province is to build an additional 300,000 tonnes class (VLCC) crude oil terminal to further improve its crude oil transportation service.
Extensive steel repairs to cargo tank number two and adjacent areas on board the 316,409 dwt Desh Vaibhav, a Shipping Corporation of India-owned VLCC, built in 2005, which suffered a major explosion in the Gulf of Oman last August, are nearing...
