Offshore shipbuilder Triyards, part of Singapore’s Ezra Holdings, has revealed that an application has been filed by Hong Leong Finance in the High Court of Singapore seeking to wind up the company. A hearing has been set for October 12, and Triyards says it is taking advice on the matter. Earlier...
https://splash247.com/triyards-receives-another-winding-up-order/
The shipping industry still needs plenty of persuading to see the merits of biofuels, despite the news carried on Splash this week of a landmark container voyage in Europe with used cooking oil as the fuel. Isabel Welten, head of marine at Dutch firm GoodFuels Marine, who have pioneered the cooking...
https://splash247.com/case-made-for-biofuels-as-shippings-transition-fuel/
Financial analysts at stock watchers Seeking Alpha have christened NASDAQ-listed Golar LNG as the “stock of the decade” as global LNG trade surges, led by Asian demand. LNG is in extremely high demand in Asia, with forward prices hitting the $12s for November and $13s in January, compared to US...
https://splash247.com/golar-lng-crowned-the-stock-of-the-decade/
Bomin bunkering tanker Keila. Credit: Jukka Koskimies More players continue to exit the marine fuels market in Singapore, with established German bunker supplier Bomin the latest casualty.
Just minutes after informing customers and bunker traders, Bomin issued a brief statement on 21 September,...
China’s coastal container fleet grew by 15.81% in the first half of 2018. Credit: Southern Cross Maritime Container ship tonnage for vessels serving coastal areas in China grew at 15.81% in the first half of 2018. Forty-nine new boxships joined the fleet during the first half of this year, bringing...
25 VLGC newbuildings are scheduled to enter service, followed by another 16 in 2020. Credit: Mitsubishi Heavy Industries Spot freight rates for very large gas carriers (VLGCs) have risen on the back of rising liquefied natural gas (LPG) exports from the United States.
As a result, shipping...
https://fairplay.ihs.com/markets/article/4306751/vlgc-market-showing-signs-of-a-cyclical-recovery
Oslo-listed owner finds term work for vessels in the Americas.
http://www.tradewindsnews.com/offshore/1588094/seabird-fixes-out-two-survey-ships
Tor Olav Troim takes a chunk of shares as Norwegian investor exits.
http://www.tradewindsnews.com/offshore/1588009/rasmussen-exits-investment-in-borr-drilling
Chinese group inks deal for vessel due in 2020.
http://www.tradewindsnews.com/shipyards/1588114/desail-orders-ro-ro-at-bohai
By Sabina Zawadzki and Jessica Jaganathan LONDON/SINGAPORE, Sept 21 (Reuters) – The price of shipping liquefied natural gas (LNG) has spiked in September and is likely to remain high next year, buoyed by rising production from new plants and concerns that demand for LNG vessels will outpace supply....