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Armed assailants carrying AK-47s and other machine guns have boarded a Chinese fishing boat with 18 seafarers on board, in what is the first recorded piracy event off Somalia in …
Opec and its allies have reported decided to keep the taps turned off again, but there is a light at the end of the tunnel for VLCC owners. The bloc, …
Aframax owners have forced spot rates up 29% in 24 hours as more positive sentiment finally translated into a better market. Clarksons Securities quoted eco ships at $35,300 per day …
Spanish authorities have found more cocaine in boxes imported by an Arkas Line container ship following an initial seizure last month. The 2,586-teu Izmit Express (built 2017) arrived in the …
VLCC resale prices are all over the place. While other valuations for the largest crude tankers tend to group, several valuations for a vessel just hitting the water diverge considerably. …
Lomar Shipping has revealed more scholarships for shipping students in Germany in memory of its former chief executive. The Libra Group-owned bulker and chemical tanker company said four more young …
An aframax carrying Russian crude appears to have scrapped a long route around the UK after it was named on last month’s sanctions list in the country. Tracking data showed …
Spanish authorities have found more cocaine in boxes imported by an Arkas Line container ship following an initial seizure last month. The 2,586-teu Izmit Express (built 2017) arrived in the …
Annual earnings at privately owned London-based shipbroker Howe Robinson Partners (UK) were eroded in weaker bulker markets. Accounts filed to UK Companies House show net profit of £291,000 ($369,000
Growth in demand for LNG in Europe will peak in the next two years before flattening out, according to broker and consultant Poten & Partners. At an LNG breakfast briefing …
A multipurpose vessel has been abandoned in the southern Red Sea after the engine room flooded. The 8,000-dwt Isa Star (built 2000) was en route to the Indonesian port of …
Shipping is adopting LNG as a marine fuel at a faster pace than other alternatives but needs supply infrastructure investment as it matures with greener versions, industry lobby coalition SEA-LNG …
Ratings agency S&P has upgraded its outlook for the London P&I Club after an improved performance following several years of poor results. S&P said more disciplined underwriting practices and premium
KNOT Offshore Partners has high hopes for the shuttle tanker sector. A tightening market in Brazil is particularly encouraging, the Scotland-based owner said, despite a loss in the third quarter. …
Shell and Equinor are joining forces to create the UK’s largest independent oil and gas company. The major vessel charterers, which also own ships, said their UK subsidiaries will merge …
Brunei-based manager and charterer SPHI Marine has made a move into shipowning with an order for offshore wind ships. Norway’s Hagland Shipbrokers identified the company as the mystery client behind
Major car carrier owners have agreed to pay £37.25m ($47.3m) to settle British claims in a US-style class action on behalf of motorists overcharged because of delivery price-fixing, according to …
Chinese coal and property entrepreneur Liu Sainan has acquired nearly 29% of public bulker owner Courage Investment Group and made an offer to buy out other shareholders. Shares in Courage …
Idan Ofer’s Quantum Pacific Group has completed the acquisition of Oaktree Capital Management-owned Fleetscape Capital. It has set up Dynamis Capital in Singapore to takeover the more than 20 vessels
Abu Dhabi-based shipowner Adnoc Logistics & Services (Adnoc L&S) has re-emerged in the market for a steam turbine LNG carrier to take on period hire at a time when charter …
