Cosco Boxship Hit By A Fire

A fire broke out on board Cosco Pacific, a very large containership owned by Cosco Shipping, while the vessel was underway from Port Klang, Malaysia to the largest container port in India, Nhava Sheva Port on January 4, 2020. As informed by COSCO in a customer advisory, the fire, which broke out in one of…

Qatar Petroleum, KPC Pen LNG Supply Deal

Qatar Petroleum and Kuwait Petroleum Corporation (KPC) have inked a 15-year sale and purchase agreement for the supply of up to 3 million tons per annum of liquefied natural gas (LNG) to Kuwait. Under the deal, LNG deliveries to Kuwait’s new LNG receiving terminal at Al-Zour Port is set to start in 2022 to support…

Adani Ports To Take Majority Stake In Krishnapatnam Port

Adani Ports and Special Economic Zone Limited (APSEZ), India’s largest port developer, operator and part of the Adani Group, has decided to acquire a controlling stake in Krishnapatnam Port Company Ltd (KPCL). As informed, the 75 percent stake will be bought from the existing shareholders of KPCL for INR 135.7 billion (USD 1.9 billion). Located in…

Wisdom Marine Accepts Delivery Of Another Ultramax

Taiwanese shipping company Wisdom Marine Lines has taken delivery of Amis Treasure, a 61,000 dwt bulker newbuild, from China-based Dalian COSCO KHI Engineering (DACKS). The delivery of the 77,539 cbm Ultramax was announced on January 6 by Japanese shipbuilder Kawasaki Heavy Industries (KHI) which jointly operates DACKS with China COSCO Shipping Corporation Limited. Featuring a…

Iridium Wins Formal Authorization For GMDSS Service

US-based satellite communications company Iridium Communications has received a Letter of Compliance from Global Maritime Distress and Safety System (GMDSS) regulator, the International Mobile Satellite Organization, authorizing Iridium to provide GMDSS service. The award follows a four-year review process and makes Iridium the second GMDSS recognized mobile satellite system in the world next to Inmarsat.…