Diana Shipping Inc. Announces Closing of US$100 Million Senior Unsecured Bond Offering and Redemption of Its 8.50% Senior Notes Due 2020

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, announced that on September 27, 2018, it closed its previously-announced US$100 million private placement of senior unsecured bonds maturing in September 2023. The Company also announced today that it...

https://www.hellenicshippingnews.com/diana-shipping-inc-announces-closing-of-us100-million-senior-unsecured-bond-offering-and-redemption-of-its-8-50-senior-notes-due-2020/

Argentina aims to start construction of first LNG export terminal in 2019

Argentina’s government wants construction of the country’s first LNG liquefaction terminal to start in the second half of 2019, making it possible to export an increasing surplus of production from the giant Vaca Muerta shale play, an official said. “We are confident that the decision to push the...

https://www.hellenicshippingnews.com/argentina-aims-to-start-construction-of-first-lng-export-terminal-in-2019/

NYK Introduces Advanced, Next-generation Ship’s Bridge to Improve Navigation and Reduce Marine Accidents

NYK has completed a new concept for a ship’s bridge and employed it on a large containership currently being managed by the NYK Group. The new bridge concept has been given the name “Integrated information and bridge system,” and the space and nautical instruments on this new bridge have been...

https://www.hellenicshippingnews.com/nyk-introduces-advanced-next-generation-ships-bridge-to-improve-navigation-and-reduce-marine-accidents/

Tight October expected for fuel oil in Northwest Europe on vessel loadings and coker launch

Fuel oil availability in the Amsterdam-Rotterdam-Antwerp hub in October could be tight after an uptick in vessel loadings this month and with ExxonMobil expected to stop offering RMG 380 CST fuel from its 320,000 b/d Antwerp refinery, traders said. “Looking forward, there is a large chunk of the...

https://www.hellenicshippingnews.com/tight-october-expected-for-fuel-oil-in-northwest-europe-on-vessel-loadings-and-coker-launch/

As tariffs on US LNG take effect, warnings of long-term consequences

A 10% tariff on US liquefied natural gas is not steep enough to make shipping cargoes to China unprofitable, but it adds an obstacle for the second generation of American terminals, industry observers said. “With the 10% tariff implementation, we are probably not going to see a cessation of US LNG...

https://www.hellenicshippingnews.com/as-tariffs-on-us-lng-take-effect-warnings-of-long-term-consequences/

KNOT Orders Two New DP2 Shuttle Tanker for Long-Term Charter with Equinor

Knutsen NYK Offshore Tankers (“KNOT”) has been awarded a contract to build two new Shuttle Tankers. The two 153,000 DWT DP2 shuttle tankers will be built by Hyundai Heavy Industries at their shipyard in South Korea and delivered in 2020. The vessels will operate in Brazil, under a long-term charter...

https://www.hellenicshippingnews.com/knot-orders-two-new-dp2-shuttle-tanker-for-long-term-charter-with-equinor/