Scorpio lines up first debt refinancings
Existing lenders and one new one agree to provide extra liquidity to world’s largest product tanker owner.
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OSI to Deliver IBNS for the Royal Saudi Navy
OSI Maritime Systems (OSI) announced it has signed a contract with Lockheed Martin to provide its Integrated Bridge and Navigation System (IBNS) for the first four ships of the Royal Saudi Navy’s (RSN) Multi-Mission Surface Combatant (MMSC) program.
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Newbuilding Activity Still Quite High Say Shipbrokers
Ship owners appear to be making a run to contract more newbuildings, in the expectation that prices will increase in the future, not to mention the added uncertainty over the new environmental rules. In its latest weekly report, shipbroker Allied Shipb…
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Chinese Shipbuilding: State Yards Still Working Out?
Following the onset of the global financial crisis, the number of active shipyards globally has declined rapidly, reaching 350 as of start April 2018. This trend is most notable in China, where although state interests support state-backed yards, many …
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LNG: fuel of the future?
With less than two years before the sulphur cap comes into force, LNG is looking more plausible as the marine fuel of the 21st Century. Many shipowners are still weighing up the dilemma of how to comply with the stringent new rules on sulphur emissions…
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