Dorian LPG staying away from dual fueled retrofits for now

Dorian LPG is content to be the second mover on LPG-as-fuel. Speaking on the Value Investor's Edge podcast with J Mintzmyer, finance chief Ted Young said the Connecticut-based gas carrier owner had done joint studies with the American Bureau of Shipping and Hyundai on running ships on both conventional bunker and LPG, but that "the economics don't support a retrofit." Dispute at shipyard delays

Gas  tradewindsnews.com 12 minutes old Matt Coyne

US investor takes 10% stake in tumbling Top Ships

A Florida-based investment management firm is taking a notable wager on Top Ships, whose shares keep falling after a recent one-day plummet. Intracoastal Capital has bought 950,684 common units in the Evangelos Pistiolis-led tanker owner, reflecting a 9.99% stake in the Greek company. Intracoastal, which is led by Mitchell Kopin and Daniel Asher, has investments in 61 other companies, most being

Tankers  tradewindsnews.com 4 hours old Michael Juliano

Attorney-turned-witness in Keppel corruption case gets probation, fine

The attorney that helped the US government secure more than $700m in fines from TechnipFMC and Keppel Offshore & Marine over bribery charges will spend a year on probation. Keppel agrees $422m in Brazil corruption fines Brazilian and Iraqi bribes end up costing TechnipFMC $296m Jeffery Chow will serve his sentence from his home in Singapore and pay a $75,000 fine, according to papers filed in B

Offshore  tradewindsnews.com 5 hours old Matt Coyne

Reports: Russia to release Ukrainian ships seized last year

Russia is returning a Ukrainian tugboat and three small warships seized after the country blocked the Kerch Strait with a tanker last year. Russia had concluded "all necessary investigative activities" into the ships, its foreign ministry told RT, and the Ukrainian Navy is set to receive the ships today in Odesa. Ukraine seizes Russian tanker that blocked bridge UN-backed tribunal to hear Ukrai

NEWS  tradewindsnews.com 5 hours old Matt Coyne

Danaos to tap equity market with $55m common stock offer

Danaos Corp plans to offer greater ownership in the company at shareholders' request. The John Coustas-led boxship owner is offering $55m of its common stock after some significant stakeholders showed interest in buying about $25m of it at the public offering price. About $17m is being offered by Danaos Investment Limited, the company's largest stockholder beneficially owned by chief executive

NEWS  tradewindsnews.com 7 hours old Michael Juliano

Wintermar wins seven-year contracts for PSV duo

Indonesia's Wintermar has fixed out two platform supply vessels (PSVs) for seven years each. The company said the unnamed ships will take cargo out to rigs for a major oil and gas company in eastern Indonesia. Sugiman Layanto, Wintermar's managing director, said the project requires dynamic positioning 2 (DP2) operations while the vessels are approaching the platform. "With our long experience

Offshore  tradewindsnews.com 7 hours old Gary Dixon

DNG Energy closes in on South Africa LNG-bunkering project

Company has lined up supply, a floating storage unit, a small-scale LNG vessel and a barge for 2020 start-up

Gas  tradewindsnews.com 7 hours old Lucy Hine

Oldendorff Carriers and Massoel sell off handysize bulkers

Oldendorff Carriers of Germany and Massoel of Switzerland have each sold a Chinese-built handysize bulker in a busy moment for both companies the sale and purchase market. Oldendorff, the bulker operating Giant, has sold the Chinese-built, 33,000-dwt Dora Oldendorff (built 2010) for almost $6.5m, sources said. This ship is due for special survey in January. Oldendorff wins five-year deal for bu

NEWS  tradewindsnews.com 7 hours old Trond Lillestolen

Malaysia bans use of open-loop scrubbers

Asian country becomes latest to take tough stance on discharges in its waters

Tankers  tradewindsnews.com 8 hours old Gary Dixon

Pakistan re-emerges into scrap arena with suezmax deal

Navarino said to have been sold on into Pakistan at a loss for cash buyer

Tankers  tradewindsnews.com 8 hours old Gary Dixon