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They used to say coal is king, but today it is an altogether purer form of carbon that shows potential to be the next great global commodity. And it is …
Altera Infrastructure has ended a five-year legal battle and paid a fine for illegally scrapping two ships in India, to avoid distracting from the $2bn sale of its shuttle tanker …
They used to say coal is king, but today it is an altogether purer form of carbon that shows potential to be the next great global commodity. And it is …
Well-known lawyer and marine salvage expert Mike Lacey has died at the age of 81. The former master mariner rose to prominence through his role as secretary general of the …
The floodgates may be set to open for the scrapping of older VLCCs, with shadow fleet tankers touted as prime demolition candidates. UK shipbroker Braemar said two unnamed vessels with …
A Bulgarian bulker that was trapped in Ukraine when Russia invaded has been involved in a collision in the Kattegat strait between Sweden and Denmark. The Bulgarian News Agency cited …
Greek sale-and-purchase shipbroker Golden Destiny has merged with rival shop Intermodal as of Monday. The combination closes out 30 years of Golden Destiny, which has specialised in the sale and …
European Union member states will harm themselves and raise prices for customers under new incoming sustainability rules which require large companies to address negative environmental impacts, Qatar’
Weaker VLCC spot rates are dragging down term deals, allowing charterers to secure tonnage more cheaply. UK broker Braemar said ExxonMobil has booked two Yasa Tankers VLCCs for a year …
The stock rally for shipping companies has come to an end. In the past six months, the sentiment for shipping stocks has turned around. Hans Thrane Nielsen, portfolio manager at …
A massive new seizure of drugs from a shipping container in the Dominican Republic shows how smugglers are turning to the Caribbean as a gateway to European markets. The Dominican …
Authorities are searching for a missing crew member after a Hong Kong-controlled tanker grounded on a breakwater off Taiwan. Photos showed the 5,400-dwt Liquid Gem (built 2015) high and dry …
Rising numbers of seafarers sought help after suffering violence and bullying on board ships this year, as they complained of being forced to work excessively long hours and denied medical …
John Fredriksen’s Avance Gas is close to appointing liquidators to wind up the company following the sale of its final vessels. The Norwegian gas carrier company is aiming to ensure …
Vietnam Ocean Shipping (Vosco) has reportedly bought its second supramax bulk carrier in a span of two weeks, as it embarks on its fleet expansion and renewal drive. Vosco has …
Clarksons Securities has detailed a seriously disappointing year for investors in tanker equities. But January could be a different story as buyers move in to capitalise on “oversold” stocks, the …
Japan’s Mitsui OSK Line has joined Wartsila in backing a Finnish startup developing onboard methane-splitting technology to generate hydrogen. MOL and MOL Plus — the conglomerates venture fund and st
Eidesvik Offshore has named Lars Tufteland Engelsen as the new chief financial officer effective today. Engelsen joined Eidesvik in 2018 and has been vice president for finance since 2022, with …
State-run Ukrainian Danube Shipping Company (UDP), is selling a large part of its general cargo fleet amid poor prospects to profitably employ the small, vintage vessels amid a revival in …
Folk Maritime chief executive Poul Hestbaek says the chance of starting a new liner operator in Saudi Arabia was too good an opportunity to miss. Since the Riyadh-based carrier launched …
