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GPA Handles Record Volumes in FY2017

The Georgia Ports Authority moved an all-time high of 3.85 million TEUs in fiscal year 2017, representing an increase of 6.7 percent from the same period a year earlier. In...

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Two Injured in Explosion aboard Polaris VLOC

Two Filipino seafarers were reportedly injured in an explosion aboard the 250,000 dwt ore carrier Stellar Young, operated by South Korea’s Polaris Shipping. The explosion occurred in the ship’s engine room on...

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Höegh LNG Nets Financing for FSRU#8

Owner and operator of floating LNG import terminals Höegh LNG Holdings has received commitment letters for a USD 230 million debt financing for its eight FSRU. The vessel is under...

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VLCC tanker market facing the doldrums

The VLCC tanker market is facing intense headwinds so far in the year. In its latest weekly report, shipbroker Gibson noted that “undoubtedly, the OPEC led production cuts are having...

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