Scorpio Tankers has announced newbuilding contracts for seven VLCCs and an agreement to issue shares for four MR Product tankers already under construction.
Newly merged classification giant DNV GL has received authorisation to operate as a single Recognised Organisation (RO) in the European Union (EU) from this week, and will have its organisational structure in place from 1 January 2014.
Shanghai Merchant Ship Design & Research Institute (SDARI) has signed an expanded cooperation with software company NAPA to cover ship monitioring, to improve the performance of its designs.
The Maritime and Port Authority of Singapore (MPA) has announced the appointment of a new chief executive, Andrew Tan Kok Kiong, who will take over from 1 January 2014.
Malaysia-based Bumi Armada has sealed charter contracts worth about MYR844m ($262m) to provide three ice-class vessels to Russian oil major Lukoil.
A consortium comprising of Nippon Yusen Kaisha (NYK), Mitsui OSK Lines (MOL), Kawasaki Kisen Kaisha (K Line) and Shipping Corporation of India (SCI) have reached a long term charter for one LNG carrier with New Delhi-based Petronet LNG Limited (PLL).
A projected surge in the number of LNG-powered vessels in China over the next seven years is a key motivating factor behind a three-party collaboration of China Classification Society (CCS), Shanghai Merchant Ship Design & Research Institute (SDARI) and Wartsila in designing and developing dual fuel vessels.
Hyde Marine is launching a new ballast water treatment system (BWTS) at Marintec China 2013, which it claims has the smallest footprint in the industry.