German shipping company Hapag-Lloyd said it accelerated cost cuts in the first half of 2018 to offset higher operational costs from fuel costs, charter rates and a slow recovery in freight rates.”We have implemented additional measures to recover these…
Hapag-Lloyd Deepens Cost Cut Drive after H1 Loss Widens Read More »
The U.S. Navy’s 10th Expeditionary Fast Transport ship, Burlington, completed acceptance trials, August 3 after two days of underway evaluation in the Gulf of Mexico.The ship demonstrated the readiness of its equipment and systems for operations…
Burlington (EPF 10) Passes Acceptance Trials Read More »
Dorian LPG inks deal for seven scrubbers worth USD 20 million.
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Dorian LPG Invests in Scrubbers, Continues to Evaluate BW LPG’s Offer Read More »
China’s Ministry of Transport said on Friday it is soliciting feedback from oil companies, shipowners’ and port associations, and marine authorities for a plan to use liquefied natural gas (LNG) as a marine bunker fuel.China will expedite the…
China Ministry Seeks Feedback on LNG as Marine Fuel Read More »
LNG charter rates strengthened in the second quarter of 2018 and are at their peak since 2012.
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Drewry: LNG Spot Charter Rates Hit Peak despite Low Seasonal Demand Read More »