The global merchant fleet is getting old fast with a growing number of experts suggesting shipping could face a bottleneck in the coming years as a paucity of available newbuild slots fail to cover the volume of ships hitting their demolition age. Data from Greece’s Xclusiv Shipbrokers shows that...
There are plenty of LNG carriers set to hit the water in the coming years, but can the market absorb them all?
There are plenty of LNG carriers set to hit the water in the coming years, but can the market absorb them all?
US-listed LPG carrier owner refinances 2023 maturities but cannot extricate itself from deals with producer Sibur
Arab Maritime Petroleum Transport Company (AMPTC) has returned to its shipbuilder of choice, Hyundai Heavy Industries (HHI), with an order for a pair of very large gas carriers. Korea Shipbuilding & Offshore Engineering (KSOE), the shipbuilding holding company of Hyundai Heavy, revealed the order...
https://splash247.com/amptc-returns-to-south-korean-yard-for-vlgc-duo/
Shipowner said US and EU sanctions against Russia not affecting its business, operations or financial condition
https://www.tradewindsnews.com/gas/dynagas-lng-partners-has-no-plans-to-go-private-/2-1-1422363
Newbuild prices are on the way back up. Prices for new ships plateaued briefly for a couple of months towards the end of last year, but have been pushing back up since December. According to data from Clarksons Research, newbuild prices have increased by 2% in the year to date following rises of 5%...
President and chief executive Takeshi Hashimoto tells TradeWinds he is nervous as shake-up could deliver fantastic rewards or complete disorder
Results from around six in-house studies from LNG carriers and LNG-fuelled ships to be made public later this year
Tsakos Energy Navigation (TEN) has taken advantage of the busy tanker sale and purchase market, cashing in on some of its older ships while also fixing one of its LNG carriers on a long-term charter in Asia. The New York-listed Greek owner confirmed previous Splash reports that it had sold six...
https://splash247.com/ten-cashes-in-on-eight-older-tankers-and-fixes-lng-carrier-for-12-years/