With the delivery of the $56M Gulf Baynunah, GEM has increased its current fleet to 11.
Apart from the two vessels that are joining GEM's fleet this year, there are seven more vessels on order by GEM from HMD which are scheduled for delivery in 2009
Norway headquartered Solstad Offshore ASA (SOFF) inform it has signed a Letter of Intent (LOI) with a major international offshore contracting company to construct
Ship Finance International Limited (SFL) has announced the agreement to acquire two 5,800 teu post-panamax container vessels built in 2001/2002 in combination with long-term charters.
By Jonathan Saul and Oleg Vukmanovic, Reuters
Deliveries of new gas tankers have created a glut that is threatening to tip some operators into losses, just as