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Talks have again broken down between dockworkers and employers at US East and Gulf coasts — with automation serving as the key quagmire in the negotiations. The collapse of bargaining …
The UK’s Supreme Court has delivered a landmark judgment limiting the time cargo owners have to sue for misdelivery. The nation’s highest court backed earlier rulings that the one-year time …
Norway’s $36bn domestic wealth fund has been opportunistic in buying up shares in John Fredriksen’s Frontline and Andreas Sohmen-Pao-backed Hafnia. Folketrygdfondet, which runs the Government Pension
Sea1 Offshore has acquired 400,000 of its own shares in an effort to reward its executives. The Christen Sveaas-backed offshore vessel owner disclosed on Thursday a plan to acquire the …
US private equity player Oaktree Capital Management has reportedly trimmed its fleet with the sale of some of its oldest tankers. Either one or both of the 13,200-dwt Golden Oak …
Norway’s Maritime & Merchant Bank has noted a trend of lenders reducing interest rates to win owners’ business in a ship finance sector awash with credit. The niche shipping lender …
Norway’s Gersemi Asset Management sees positive signs in tanker and bulker markets after its shipping fund took a hit during a tough October for owners’ share prices. The Joakim Hannisdahl-led …
The orange-hued figure of Donald J Trump looms large over almost everything these days, so why should ship finance be different? TradeWinds has reported in detail on shipping connections to …
Analysts reacted with praise to ultramax owner Belships’ third-quarter results, despite freight earnings being weaker than expected. Fearnleys Securities called it a “strong report” and Norne Researc
The VLCC market appears on the upswing, helped along by falling oil prices and Middle East sunshine. Rates have started peeking up over the last week, enough for Fearnleys to …
Private shipbroker Arrow Energy & Shipping has restructured in the last few months, with its founders reducing their shareholding in a bid to bring on the next generation in the …
Norwegian bulker owner Wilson has beefed up its top team with a new hire and a promotion from within. The Eidesvik family-owned mini-bulker specialist has appointed former operations manager Henrik …
Trade-focused communications platform Sedna is getting bigger and has acquired its former rival, maritime email firm Nordic IT. No price was disclosed for the transaction, which will boost Sedna’s cu
Abu Dhabi-listed shipowner Adnoc Logistics and Services (Adnoc L&S) has posted a rise in third quarter profit as it works to finalise its $1.5bn takeover of tanker owner and pools …
Malaysia’s MISC sees the current exceptionally low spot rate environment for LNG carriers as creating a potential hit to the long-term value of vessels and said it would look at …
German asset manager MPC Capital saw profit jump thanks to a strategic focus on the energy and maritime business. Consolidated profit jumped by 27% to €17.29m ($18.23m) and revenues rose …
Japanese refiner and shipowner Eneos Holdings is “overwhelmingly active in procuring spot” crude oil. The group said it is open to purchasing Canadian crude alongside US and South American barrels …
Ultramax owner Belships has added to its newbuilding orderbook as it recorded a bigger profit for the third quarter. Gains from vessel sales and the reorganisation of its operator business …
Norway’s Hoegh Evi is upbeat on the demand for floating storage and regasification units and is noting strong interest from certain geographical areas The company, formerly Hoegh LNG, said in …
Golar LNG was downgraded to “hold” by Fearnley Securities on Wednesday. Analyst Fredrik Dybwad believes the Tor Olav Troim-controlled company is “fairly valued”. “We downgrade GLNG to hold based on
