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Petros Panagiotidis-controlled Toro Corp is providing $100m to sister shipowner Castor Maritime as it buys Germany’s MPC Capital. Nasdaq-listed Toro said the financing is a senior term loan facility
New York-listed VLCC pure play DHT Holdings has sold its oldest tanker to an unidentified party for $43.4m, the company said in a statement after close of trading in New …
Chinese bulker group Glorious Youth Shipping has reportedly inked its first newbuilding order as it expands its fleet. Brokers reported the owner has emerged as the company behind two 63,500-dwt …
Just as western governments try to curb Russian oil sales and revenue, the country’s state oil Rosneft agreed to a long-term crude supply deal with private Indian refiner Reliance, Reuters …
South Korea will pump KRW 14 trillion ($9.76bn) to transform Busan Port into the world’s third largest by 2045, the country’s Ministry of Oceans and Fisheries has announced. The government …
MOL Cruises is making a big push in the cruise industry with plans to expand from a single cruise ship outfit to having four vessels by end of this decade. …
Eastern Pacific Shipping has added five more newcastlemax bulker newbuildings to its bulging orderbook. The Idan Ofer company is said to have commissioned Japan’s Nihon Shipyard to build the series …
New York-listed VLCC pure play DHT Holdings has sold its oldest tanker to an unidentified party for $43.4m, the company said in a statement after close of trading in New …
The government of US President Joe Biden has left a shipping decarbonisation to-do list for successor Donald Trump. The administration has unveiled an action plan that lays out a strategy …
New York-listed product tanker giant Scorpio Tankers has taken on a new $500m revolving credit facility that features an unusually long maturity and low interest margin. The debt is incremental …
BW Group chairman Andreas Sohmen-Pao is hopeful that new governments can help end hostilities around the world next year. Writing on the BW LPG website, the Singapore shipping magnate noted …
Subsea 7 has boosted its backlog with three deals set to start in 2026. The new contracts, in the US, the UK and Saudi Arabia, are together worth between $450m …
Cyprus’ Castor Maritime has made good on its promise to invest its huge cash pile in new opportunities with a takeover of German asset manager MPC Capital. The Petros Panagiotidis-controlled …
A Knutsen OAS Shipping LNG carrier has clinched a charter in Honduras for which it will be converted into a floating storage unit (FSU). The deal involving the 138,000-cbm Bilbao …
Floating storage and regasification units serving Germany will be sublet by their government charterer once new land-based LNG terminals come onstream in the next two to three years. Alexander Lucke,
German politicians are hoping to find new owners for German shipyards Flensburger Schiffbau Gesellschaft (FSG) and Nobiskrug following their filing for receivership on Thursday. District courts have
Greek shipowner Evangelos Marinakis’ privately held Capital Maritime has inked its first bulk carrier newbuildings in 15 years. The Athens-based company is said to have penned two newcastlemax bulker
Floating storage and regasification units serving Germany will be sublet by their government charterer once new land-based LNG terminals come onstream in the next two to three years. Alexander Lucke,
Danish engine designer MAN Energy Solutions has said two LNG carriers fitted with its recently discontinued ME-GA engine suffered breakdowns over the summer. In a webinar on its ME-GA engine, …
Shipowner Lomar’s technology investment company Lomarlabs is teaming up with a Florida-based self-driving pioneer in a bid to transform vessel navigation. The venture with autonomous systems company
