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Mitsui OSK Lines (MOL Lines) has been named as the company behind a pair of LPG dual-fuelled very large gas carrier (VLGC) newbuildings at HD Hyundai Heavy Industries (HD HHI). …
BW LPG has sold one VLGC and bought another one in a planned fleet renewal. The New York and Oslo-listed company announced that its 52% owned subsidiary BW LPG India …
An Iran-backed militia seeking to rule a divided country devastated by civil war has still managed to redraw the world trade map with a low-cost but evolving strategy of attacking …
Steve Kunzer has stepped down as chief executive at Dubai-based shipowner Lila Global. Market observers close the shipping arm of cash buyer GMS revealed at TradeWinds Ship Recycling Forum last …
Taipei-based bulker owner Taiwan Navigation has ordered a pair of ultramax bulk carriers as part of a fleet renewal drive. The company has struck a deal with Japan’s Oshima Shipbuilding …
Seafarers have been told the nationality and religious affiliation of shipowners as part of measures aimed at reassuring crew before they sign up for vessels transiting the Red Sea, according …
Mitsui OSK Lines (MOL Lines) has been named as the company behind a pair of LPG dual-fuelled very large gas carrier (VLGC) newbuildings at HD Hyundai Heavy Industries (HD HHI). …
The 25 crew members of the car carrier Galaxy Leader mark one year in detention in Yemen on 19 November with little prospect of imminent release or few signs their …
Brazilian oil giant Petrobras is mulling a hike in its investment plan but has left its five-year production target unchanged. The proposed $111bn plan, which covers 2025 through 2028, comes …
Harry Vafias shipowning venture C3is has logged a bigger profit in the third quarter, thanks to financial gains and stronger tanker rates. The Nasdaq-listed bulker and aframax tanker owner said …
Capesize bulker owners are enjoying a stronger market, with rates up by one-quarter in the past week. Average capesize rates hit $26,777 per day on Friday, the highest since early …
Chemical tanker player Odfjell has beaten land-based competitors to be named the most sustainable company in the Norwegian city of Bergan. The award was handed out at a black-tie event …
China is planning to ship a biofuel blend overseas in its first export quota for the greener bunkers. The move is being made partly to support biofuel producers hit earlier …
The European Union has sanctioned Islamic Republic of Iran Shipping Lines (IRISL) and three other companies for transporting missiles and drones to Russia to support its war against Ukraine. The …
The VLCC market has carried over the momentum that started with Bahri Week last week. On Monday, Clarksons fleet weighted average for VLCCs jumped 8.4% from Friday to $39,600 per …
Owners going tanker shopping this Christmas season might have a tough go of it. Some brokers did not report a single tanker sale this week and the ones that did …
A bulker underway off Yemen has had a close call with Houthi missiles twice over the past 24 hours, as it sails in the Bab el-Mandeb strait and the Gulf …
European banking regulators have cleared the planned takeover of a majority stake in small Greek shipping lender Aegean Baltic Bank (ABBank) by the UK-based billionaire investor Aristotelis (Telis) Mi
The shadow fleet of Russian-trading tankers may be carrying fewer product exports next year amid potential refinery closures. Reuters cited multiple industry sources as saying at least three Russian
With shipping taking centre stage in Hong Kong this week, Angad Banga is not underplaying its significance. Shipowners have a fight on their hands, because the world economy — and …
