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January 22, 2020

Oman Shipping Company Signs Its 1st Ijara Contract to Finance Two Ships

Muscat-based Oman Shipping Company (OSC) has completed a USD 80 million Shariah-compliant “Ijara” transaction with Abu Dhabi Islamic Bank (ADIB).  The financing facility represents OSC’s first […]
January 22, 2020

Awilco LNG Completes Ship Duo Sale and Leaseback

Norwegian LNG shipping company Awilco LNG has closed the previously announced 10-year sale/leaseback facility with CCB Financial Leasing (CCBFL) for two of its LNG carriers. As informed, the […]
January 22, 2020

Hyundai Group on a Winning Streak

Hyundai Heavy Industries Group is starting the year on a high note having secured multiple new contracts worth over USD 228 million. The company’s subsidiary Hyundai […]
January 22, 2020

EC: A.P. Møller Capital Gets Green Light for Port Terminals in West Africa

The European Commission has approved the acquisition of joint control over four project companies with concessions to build or operate port terminals in West Africa by […]
January 22, 2020

CMES Taking Over Bulkers and LNG Assets from Sinotrans

China Merchants Energy Shipping (CMES) has decided to integrate the shipping assets of its subsidiary Sinotrans & CSC Holdings in a transaction worth over RMB 6.57 […]
January 22, 2020

2020 Bulkers Adds Sixth Newbuild with 3-Year Charter

Norwegian shipowner and operator 2020 Bulkers has accepted delivery of Bulk Sydney, the sixth of eight 208,000 dwt Newcastlemax newbuilds. The 224,100 cbm Capesize bulker was […]
January 22, 2020

MUA Threatens with Fresh Industrial Action as Tensions with DP World Intensify

The Maritime Union of Australia (MUA) is planning a new wave of industrial action across Australian terminals as tensions between the union workers and stevedoring company […]
January 22, 2020

probunkers, Hyundai Mipo Sign LOI for LNG Bunker Vessel Pair

Piraeus-based company probunkers has inked a letter of intent (LOI) with South Korea’s Hyundai Mipo Dockyard (HMD) for the construction of two firm 7,600 cbm LNG […]
January 22, 2020

Port of Rotterdam Points to Rise in LNG Bunkering

Europe’s top bunkering port, the Port of Rotterdam, has seen an increase in LNG bunkering at the port. Based on the data from the port authority, […]