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Helikon Shipping Enterprises, a traditional shipping firm with offices in Athens, London and Dalian, has agreed to offload two of its oldest supramaxes to make space for a batch of …
Norwegian shipbuilding group Vard has scooped another major offshore wind vessel order. The Fincantieri-owned company said a contract has been signed for the design and construction of five walk-to-w
War risk insurers have refused to pay the Greek owners of a VLCC seized and detained by Iranian armed forces for over a year their $49m claim, citing concerns about …
Shares of Israeli liner company Zim surged about 9% in pre-market trading in New York on Wednesday after the owner smashed analyst earnings expectations and raised its guidance on full-2024 …
War risk insurers for a VLCC seized and held for more than a year by Iranian armed forces have refused to pay the Greek owners their $49m claim because of …
South Korean shipbuilder Samsung Heavy Industries has come up with its own wind sail design for an LNG carrier. SHI said today that it has received basic design certification to …
Orders for small chemical tankers have surged as rates spike, according to UK shipbroker SSY. This long-neglected 1,000-dwt to 6,000-dwt sector has been one of the fastest ageing in the …
Medical charity Mercy Ships has been selected as an official charity partner by the maritime branch of the Federation of Norwegian Industries. The branch represents hundreds of maritime equipment sup
Ocean Yield has determined the size of its newcastlemax transaction with CMB.Tech. The scope of the newcastlemax vessels with long-term charter to CMB.Tech has been finally set to eight vessels, …
Costamare Bulkers (CBI), the US-listed boxship and bulker player’s charter-in platform for large dry cargo carriers, saw its profitability markedly deteriorating in the third quarter. According to a
An LNG carrier has berthed at US producer Venture Global LNG’s second and under-commissioning liquefaction plant indicating it is likely close to starting exports with a first cargo. Kpler data …
Norwegian shipowner J Ludwig Mowinckels Rederi (JL Mowinckels) is taking aim at the ultramax market with a new order in China. The company has signed a contract for a 63,500-dwt …
Golden Energy Offshore continues expanding its fleet as its bottom line grows. For the third quarter, the Norwegian company reported a NOK 28.8m ($2m) profit versus a NOK 49.5m loss …
Singapore manager Synergy Marine Group is part of a group boosting seafarer wellbeing through the introduction of autonomous vegetable growing technology on ships. The company and Idan Ofer’s Eastern
Swiss trader Gunvor Group has fixed new financing tied to the emissions of its shipping fleet. The major charterer of tankers and gas carriers said the $2.265bn sustainability-linked transaction was
Tanker owner Eletson Holdings has emerged from bankruptcy protection in New York with a restructuring plan backstopped by an affiliate of Canadian hedge fund Murchison. The restructured company said
Danish owner Maersk Tankers will pay damages of $39.4m in a cargo misdelivery case arising from the collapse of Singapore oil trader Hin Leong Trading in 2020. The company was …
Oslo-listed Eidesvik Offshore has produced its best financial figures for nearly eight years thanks to its long-term contract coverage. The Norwegian platform supply vessel (PSV) owner said net profi
Star Bulk Carriers has reported a surge in quarterly earnings as the New York-listed shipowner also disclosed a new deal to finance its orderbook. The Petros Pappas-led company, the biggest …
Three leading Hong Kong dry cargo owners are urging regulatory clarity on future fuel choices so that they can press ahead with new investments. “I see us in a Twilight …
