News

Energia Naturalis (ENNA), a Croatian energy, infrastructure and logistics company, has acquired an additional stake in compatriot port operator Luka Ploce.  After submitting a takeover bid earlier this year, ENNA has now...

Japanese supplier and operator of offshore floating platforms Modec has issued USD 1.1 billion in bonds to refinance a floating production storage and offloading (FPSO) unit in Brazil. The company said that the bond...

The US Department of Transportation’s Federal Transit Administration (FTA) has awarded about USD 32.8 million to selected projects to improve the safety and reliability of America’s passenger ferries and enhance mobility...

Germany’s Port of Hamburg remains on a growth course, achieving a 4.1 percent advance to 69.4 million tons in seaborne cargo handling in the first half of 2019. A solid growth trend in the general cargo segment of 6.1...

Ship owner and operator Eagle Bulk Shipping has decided to establish a new commercial office in Copenhagen, relocating from its existing base in Hamburg. The company will now operate from three offices based in...

Malaysia’s Johor Port Authority has signed an agreement with special purpose entity Smart Crest to build a MYR 2 billion (USD 477 million) oil storage and ship refueling site off the country’s South-West coast. The “...

ExxonMobil Asia Pacific has signed a 2-year time charter deal for Singapore’s first LNG-powered bunker tanker with Sinanju Tankers Holdings. Under the deal, the 7,990 dwt newbuilding, to be named Marine Vicky, will be...

Finland-based oil refining firm Neste has introduced a new IMO 2020-compliant low-sulphur marine fuel to help shipowners comply with the upcoming regulation. The Neste Marine™ 0.5, containing maximum 0.5% sulphur, will...

Authorities in Gibraltar have released the supertanker Grace 1, that was seized in early July on suspicion that it was in breach of EU sanctions. The officials have revoked the vessel’s earlier specified detention with...

South Korean shipbuilder, Samsung Heavy Industries, has secured a deal to build a liquefied natural gas (LNG) carrier for an Asian customer. According to the builder’s stock exchange filing, the construction contract has...