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News
Portuguese court orders laid-up cruise ship to be auctioned off
3+ day, 12+ hour ago (208+ words) A court in the city of Madeira in Portugal has ordered that a cruise ship currently in long-term lay-up be put up for sale via sealed-bid auction. The object of the auction is the locally-registered Funchal, which has been owned…...
K Line christens new dual-fuel LNG carrier
3+ day, 14+ hour ago (161+ words) Kawasaki Kisen Kaisha (K Line) formally named a new LNG carrier during a ceremony in South Korea on Wednesday, September 9. Toho Emerald is owned by T.K. LNG Shipping, a joint venture formed by K Line and Toho Gas' wholly owned subsidiary…...
Saipem, Jan De Nul sign letter of intent for LNG project in Mozambique
3+ day, 19+ hour ago (155+ words) Italian engineering contractor Saipem and consortium partner Jan De Nul have signed a letter of intent with ExxonMobil Mozambique for the Rovuma LNG Phase 1 development in Mozambique. The agreement, signed on behalf of Mozambique Rovuma Venture, covers preliminary engineering, procurement…...
New Russian inland buoy tender enters service
4+ day, 10+ hour ago (181+ words) The Russian Federal Agency for Maritime and River Transportation (Rosmorrechflot) has commenced operations of a newly delivered buoy tender. Like her sisters under Project 3050.1A, Leonid Komarov (Леонид Комаров) was built by Kingisepp Machine-Building Plant of Saint Petersburg. Design work was…...
Russian Black Sea fuel terminal ablaze after overnight drone barrage
4+ day, 19+ hour ago (205+ words) A fuel storage tank caught fire at the Novorossiysk Fuel Oil Terminal during a prolonged overnight drone attack on Russia's Black Sea port city of Novorossiysk, two industry sources said on Wednesday. Drone debris fell on the premises of several…...
Greece closes deal on Italian frigates with eye on two more
5+ day, 19+ hour ago (180+ words) Greece finalised a deal on Tuesday for the purchase of two Bergamini class frigates from Italy, its defence ministry said, as the NATO country looks to modernise its armed forces. Greece agreed last year a plan to buy the two…...
Two Italian Navy frigates to be transferred to Greece under new agreement
5+ day, 11+ hour ago (246+ words) Representatives of the Italian and Greek defence ministries have entered into a so-called implementing arrangement concerning the transfer of two frigates to the Hellenic Navy. The objects of the transfer are the FREMM frigates Carlo Bergamini and Virginio Fasan, which…...
Sanctions-hit Arctic LNG 2 demands $1b from South Korean shipbuilder
5+ day, 19+ hour ago (212+ words) Arctic LNG 2, a liquefied natural gas project led by Russia's Novatek, is seeking about $1 billion in damages from South Korean shipbuilder Hanwha Ocean over cancelled tanker construction contracts, according to a disclosure by Hanwha. Arctic LNG 2, which is 60 per cent…...
Marco Polo Marine agrees $110m reverse takeover deal
6+ day, 3+ hour ago (283+ words) Marco Polo Marine has entered into a conditional sale and purchase agreement with Fuji Offset Plates Manufacturing for a reverse takeover valued at up to SG$139 million ($110 million). Under the agreement, Fuji Offset Plates Manufacturing will acquire Marco Polo Shipyard…...
Hapag-Lloyd moves to rescue $4.2b ZIM buyout from fierce Israeli pushback
6+ day, 19+ hour ago (366+ words) Hapag-Lloyd is working with the Israeli Government on improvements to its proposed $4.2 billion cash purchase of ZIM Integrated Shipping Services, the German shipping group said on Monday. The proposed deal has faced heavy opposition in Israel, including ZIM's workers, Defence…...