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Gas shipowner Seapeak has snapped up Navigare Capital Partners’ three-year-old LNG carrier and its remaining charter period of up to eight years in a $213m deal. The company said in …
The London P&I Club has targeted a 5% increase in rates in 2025 after reporting a “modest” first-half underwriting loss. The club, the third smallest of the 12-strong international group, …
Malaysian shipping giant MISC is discussing a potential offshore shipping merger with floating production vessel specialist Bumi Armada. The two Malaysian companies have revealed that talks are takin
A master was arrested in Greece on Friday, four days after the multipurpose vessel he commanded hit a rock while the 46-year-old was under the influence of alcohol. Coastguards said …
An Arc7 LNG carrier carrying a cargo of Russian LNG has been refused entry to a German regasification terminal. The Financial Times said Germany’s Ministry of the Economy rejected the …
US trader Jane Street Group has revealed a significant holding in Israeli container line Zim. A filing to the US Securities and Exchange Commission shows the New York-based company with …
Finland’s Cargotec has signed an agreement to sell its MacGregor business arm to funds managed by private equity firm Triton. The enterprise value of the transaction is €480m ($508m). MacGregor …
In this episode: Danish Ship Finance innovation guru Christopher Rex explains his ideas for benchmarking fuel consumption on similar routes, setting a fuel budget and sharing the benefits, even with
Washington rolled out sanctions against a fleet of tankers and their affiliated companies in a bid to clamp down on a Syrian conglomerate accused of generating hundreds of millions of …
A lawsuit over a collision between a container vessel and a crane in Vancouver has drawn in four liner operators, a Chinese ship lessor, a Canadian terminal company and shipowner …
Japanese liner operator Ocean Network Express and container ship tonnage provider Seaspan Corp have formed a technical ship management company. Singapore-based ONESEA Solutions will provide technical
Shipping could face more legal risks as it gears up to comply with FuelEU Maritime, the latest round of carbon rules that Brussels has imposed on the industry. Maritime and …
Expanding UK shipowner Purus has beefed up its management team again with a new chief commercial officer. Hakon Vevang has been recruited from John Fredriksen and Idan Ofer-backed offshore wind …
A veteran Seychelles-owned VLCC is said to have loaded two Russian oil cargoes from shadow fleet suezmaxes as ship transfers resumed off the Spanish enclave of Ceuta. After more than …
Hoegh Autoliners, an owner and operator of about 40 car carriers, said on Friday it has extended contracts with a long-standing client for an average duration of three years. The …
The shadow tanker fleet is transporting ever greater volumes of Russian oil, a new report has found. Analysis from S&P Global’s Commodities at Sea and Maritime Intelligence Risk Suite indicates …
Veteran finance man Alan Ginsberg recalls having dinner with “a major European wind-power player” to explore whether his McAllister Towing & Transportation might gain a toehold in the emerging US …
A much-needed replacement of the US Jones Act tanker fleet is not likely to be in the cards anytime soon for a host of reasons, a leading executive told a …
Washington rolled out sanctions against a fleet of tankers and their affiliated companies in a bid to clamp down on a Syrian conglomerate accused of generating hundreds of millions of …
High-specification shipbuilder Fincantieri has raised its revenue estimates after a strong inflow of new orders. The Italian shipbuilding group, which is listed in Milan on the Borsa Italiana, said i
