Hafnia Tankers, BW Tankers Looking into Merger

Denmark-based shipping company Hafnia Tankers is exploring the possibility of consolidation with BW Tankers, part of BW Group, Hafnia’s CEO Mikael Skov said announcing the company’s results for the second quarter of 2018...

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Mitsubishi to Buy Stake in Bangladesh LNG Terminal

Japanese Mitsubishi Corporation (MC) has agreed to acquire a 25% stake in Summit LNG Terminal (SLNG) and to develop a liquefied natural gas (LNG) receiving terminal that uses a floating storage and regasification unit (FSRU) in Bangladesh...

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GOGL to Equip 16 Bulkers with Scrubbers

Ahead of the implementation of new maritime environmental regulations, Norway-based dry bulk shipping company Golden Ocean Group Limited (GOGL) revealed plans to install sixteen scrubbers on its Capesize vessels...

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Mercuria Becomes Aegean Marine’s Sole Lender

Swiss international commodity trading company Mercuria Energy Group became the sole lender under Aegean Marine Petroleum Network’s U.S. and global revolving credit facilities, according to the earlier signed Memorandum of Understanding (MOU)...

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China to impose 25 pct tariff on US LNG imports

The US-China “trade war” has now moved into the liquefied natural gas (LNG) business as the Chinese Ministry of Finance proposed a new set of tariffs on imported goods from the United States, including the chilled fuel...

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Flex LNG makes managerial changes

Oslo-listed Flex LNG, the shipping company controlled by billionaire John Fredriksen, named Øystein M. Kalleklev as a chief executive officer of Flex LNG Management...

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