International Seaways expands fleet with 2nd LNG-fueled supertanker chartered by Shell

May 8, 2023

Via: Offshore Energy

The 300,000 dwt vessel, named Seaways Enterprise, was delivered in April 2023, a month after the delivery of the first vessel from the batch, Seaways Endeavor. International Seaways has one more dual-fuel vessel under construction at DSME and it is […]


Tanker asset prices ‘on a tear’

August 1, 2022

Via: Splash 247

With shipping widely acknowledging that the tanker sector is finally in the ascendant after a dire 18 months, prices for newbuilds and secondhand tonnage are now “on a tear”, according to a new report from Poten & Partners. VLCC newbuilding […]

Impact & Regulations, Shipping

Suez Canal slashes tolls in half for laden VLCCs heading from Europe to Asia

November 25, 2020

Via: Splash 247

With tanker rates looking dire for the winter and beyond, the Suez Canal Authority has taken the decision to slash tolls for laden VLCCs heading from Europe to Asia in half in a bid to avoid operators taking the slower, […]


Hyundai Heavy Industries Group Clinches Deals for Six New Ships

December 26, 2019

Via: World Maritime News

On December 26, Hyundai Mipo Dockyard, a subsidiary of HHI Group, announced a construction contract for four 1,800 TEU containerships. The deal, signed with an undisclosed Asian company, is worth KRW 119.4 billion (USD 102.8 million). The ship quartet is […]


Saudi Arabia’s International Maritime Industries Inks VLCC Order With Bahri, HHI

September 18, 2019

Via: World Maritime News

As informed, the 319,000 dwt tanker is to be constructed at HHI’s Ulsan shipyard and delivered in October 2021. Other agreements related to licensing, technical services and training were also signed with HHI to ensure capability building and knowledge transfer. […]