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Export Credit Norway Offers Retrofit Loans

Following the IMO ratifications of the ballast water and exhaust gas treaties, Export Credit Norway is offering financing to international vessel owners who purchase retrofit equipment from Norwegian suppliers. Export Credit...

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Euronav Tied to VLCC Sale

Antwerp-based tanker owner and operator Euronav has been linked to a sale of TI Topaz, a very large crude carrier (VLCC). Euronav allegedly entered into a sub-sale agreement with Greek-based...

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Djibouti Opens New Port

Djibouti has formally inaugurated the Doraleh Multipurpose Port (DMP), a versatile port complex which is part of Djibouti’s four mega port projects, the country’s port authority said. Namely, the new...

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Gulf Majors Linked to UACC Acquisition

Several Gulf-based shipping companies have been identified as potential bidders interested in taking a stake in the United Arab Chemical Carriers (UACC), a subsidiary of United Arab Shipping Company (UASC), including Bahri and Milaha,...

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Newbuild Suezmax Tanker Joins DryShips’ Fleet

Athens-based shipowner DryShips has taken delivery of the 159,855 deadweight tons newbuilding Suezmax tanker. The vessel was acquired from and chartered out to entities affiliated with the company’s Chairman and Chief...

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