DryShips Wades Deeper into Tanker and Gas Carrier Markets

NASDAQ-listed Dryships Inc has entered into agreements to acquire six vessels for a total gross price of USD 268 million.

Drewry: VLGC Oversupply to Put More Pressure on Freight Rates

High scheduled deliveries and low demolition prospects will drive unwanted fleet growth of very large gas carriers (VLGC) in 2017 putting additional pressure on freight rates, according to shipping consultancy Drewry.

NYK Line Orders VLGC Duo from JMU

Japanese shipping company NYK Line has ordered two Very Large Gas Carriers (VLGCs) for transportation of liquefied petroleum gas from its compatriot Japan Marine United Corporation (JMU).