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Tanker Grounds after Colliding with Bulker off Antwerp

The 40,600 dwt tanker Seatrout has run aground off Antwerp after it collided with the bulk carrier Usolie. The incident occurred in the early morning hours on September 20 while both vessels were sailing in the same direction on the Scheldt rive...
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LNG Shipping Sector: The Worst Is Over

After very challenging times in the liquefied natural gas (LNG) shipping sector driven by vessel deliveries ahead of projects coming on stream, the worst seems to be over. There is a general consensus that the market will be 30 to 40 vessels short by...
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Qatargas Inks 3-Year LNG Supply Deal with BOTAŞ

Doha-based liquefied natural gas (LNG) company Qatargas has signed a medium-term sales and purchase agreement with Turkish BOTAŞ Petroleum Pipeline Corporation (BOTAŞ). Under the terms of the agreement, Qatargas will deliver 1.5 millio...
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Klaipėdos’ LNG Reloading Station Gets Commissioning Cargo

Oil and LNG terminals operator Klaipėdos Nafta (KN) has started commissioning works at its LNG reloading station after the bunker vessel Cardissa delivered a commissioning cargo. The ship, owned by Shell Western LNG, arrived to Klaipėda Sea...
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Hurricane Maria Closes Ports in Puerto Rico, Virgin Islands

Puerto Rico and the US Virgin Islands are yet again closed to vessels as Hurricane Maria approaches the area, only two weeks after the previously set port condition ZULU. Effective 8 am local time on September 19, the Coast Guard Captain of the Port ...
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Brokers: Vale Tied to Up to 30 New Valemaxes

Brazilian miner Vale has been linked to a time charter deal for up to 30 Valemax newbuilds contracted from seven different companies. Under the long-term contracts of affreightment lasting up to 25 years, Chinese joint venture between ICBC Leasing an...
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TEN’s Net Income Drops while Revenues Rise

Despite an increase in its voyage revenues for the period ended June 30, 2017, Greek tanker operator Tsakos Energy Navigation (TEN) saw a drop in its net income. Namely, for the first six months of 2017, TEN’s net income halved at USD 21.1 mill...
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Bahri (4030.SA) Seeing Increased Volatility in Session

Shares of Bahri (4030.SA) is moving on volatility today -0.16% or -0.05 from the open. The TADAWUL listed company saw a recent bid of 31.75 on ...Original link

Offen Group, DEVK Abandon Marenave

The existence of German shipping trust Marenave Schiffahrts comes once again into question as the proposed capital reduction – the condition for implementing the restructuring concept – has been rejected by key shareholders. At the annual...
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