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A trio of European investors have moved into the MR tanker market through a new acquisition project. Norwegian investment bank Fearnley Securities said it had acted as sole arranger for …
Resurgent tanker orders have boosted energy vessel contracting to its highest level since 2006, according to Clarksons Research. The tally of 594 oil and gas carriers ordered so far in …
Wallenius Wilhelmsen has figured out how to start pricing in alternative fuels and wants the rest of the industry to follow its lead. The Norwegian car carrier giant is set …
Norway’s DNV has signed a memorandum of understanding with Seatrium to cooperate in the areas of engineering, technology and product design. DNV will provide the Singapore company with advice on …
SP Chemicals has returned to Yangzijiang Shipbuilding for more very large ethane carriers (VLECs). The refinery owner turned shipowner has struck a deal with Yangzijiang Shipbuilding for two 99,000-c
Clarksons Research has tracked even more vessels avoiding the Red Sea in October due to Houthi attacks. The figures were released just as the Yemeni militia began to target vessels …
Innovation thinker Christopher Rex at Danish Ship Finance believes shipowners can use fuel savings to generate new revenue streams. He also thinks that these savings should be used to offer …
Oil and tanker tycoon OK Lim has received a 17-and-a-half year jail sentence after being found guilty of cheating and forgery charges. Singapore’s State Courts handed down the term on …
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
Iranian foreign minister Abbas Araghchi has criticised reportedly imminent European Union sanctions on the Islamic Republic of Iran Shipping Lines (IRISL). Press TV reported that Abbas said the move
A Chinese container ship has become the first to travel directly between Pakistan and Bangladesh for decades, according to port officials. The AFP news agency reported that the trip by …
“Strong. Steady. Solid.” Reading analysts’ notes about Belships quickly becomes repetitive, and so it proved again after the ultramax owner reported its third-quarter results on Thursday. Perhaps ana
Ship traffic was briefly suspended on the Bosphorus late on Sunday after a tanker suffered a rudder failure in the middle of the tricky waterway. Local coast guards urgently send …
China Cosco Shipping is set to work with Charoen Pokphand Group (CP) and the US's Freeport Commodities in the production of green methanol. The shipping giant disclosed in a social …
A bulker underway in the Bab el-Mandeb strait off Yemen saw a missile explode in the water close to its stern, maritime security sources said on Sunday. The UK Maritime …
Mere months remain before the International Maritime Organization’s Hong Kong Convention for the Safe and Environmentally Sound Recycling of Ships goes into force next June. As the race for complianc
South Korean owner SK Shipping has sold four LNG carriers for demolition in an unprecedented multi-ship move that is set to send a clear signal to other market players considering …
Vessel hydrogen fuel cell developer Teco 2030 is facing bankruptcy action from the Norwegian tax authorities. The Oslo-listed cleantech group said on Thursday that a petition had been filed against …
Presidents Xi Jinping of China and Dina Boluarte of Peru led the launch of a $1.3bn port that will give Cosco a South American hub. China Cosco Shipping owns 60% …
Russian state-owned shipping company Sovcomflot (SCF Group) has seen earnings chopped so far in 2024 as Western sanctions continue to complicate its tanker operations. The Moscow-listed tanker and ga
