Business

CMA CGM announced that as from October 1st, 2018, the 0.50% sulphur limit will be applicable to the ports of Shanghai and Ningbo in the People's Republic of China.

Ghana’s LNG import project has started construction, as two vessels were contracted to store and regasify the fuel by 2020. 

Gaslog, a LNG carrier, said on Thursday it was considering extra dividends or a share buyback after reporting record profit

Container line joint venture ONE dragged down NYK Line in the first half of 2018 ended September 30 with with Japanese shipping group in the red.

Star Bulk Carriers Corp., a global shipping company focused on the transportation of dry bulk cargoes announced that it has repaid to its lenders all outstanding deferred

China will be holding it's first international import expo in Shanghai between November 5 and 10.

Nine Energy Service Inc.said Oct. 15 it plans to beef up its completion tools business with the $493 million acquisition of Magnum Oil Tools International Ltd.

13 October a party was held at Damen Maaskant Shipyards Stellendam to mark three key events; the 70th anniversary of the foundation of the yard, the departure of Managing Director Frits van Dongen and the appointment of Eric Moerkerk in his place.

New York-listed dry bulk shipowner Star Bulk Carriers has secured $70m in green loan financing for its scrubber retrofits as part of a $310m loan agreement.

Stolt-Nielsen, Golar LNG and Höegh LNG are investing $182m in Avenir LNG to develop small-scale LNG distribution and LNG bunkering.

In its 2018 edition of Maritime Transport Review, UNCTAD informed that in 2017, total newbuilding delivery amounted to 65 million gross tons, equivalent to 5.2% of the start-of-year fleet in 2017.

Seaborne trade is expected to grow by 4% this year, the same as in 2017, which was the fastest rate for five years, according to the 2018 edition of the UNCTAD Review of Maritime Transport.