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Another month, another downward revision for global oil demand from Opec — but tanker owners should fear not, according to DNB. The bloc slashed its 2024 demand forecast by 110,000 …
The declining appetite for coal from advanced economies has led to concerns that 2024 could see a record low in shipments. During the first 10 months of 2024, total coal …
Kpler has snapped up satellite-powered AIS ship tracking outfit Spire Maritime from its satellite-powered parent. The trade analytics provider announced on Wednesday the acquisition, for which financ
Taiwan’s three leading liners operators reaped a combined total of nearly $6bn in profits in the first nine months of this year. The rally was led by liner shipping giant …
Dutch owner Royal Wagenborg is moving into CO 2 shipping in a new agreement with UK energy group Ineos, backed by Manchester United owner Sir Jim Ratcliffe. The two companies …
A tanker carrying flammable naphtha has been drifting in the South China Sea for 20 months after its charterer was hit by US sanctions targeting an Iranian “shadow banking” network, …
A shipbroker has been sued after failing to identify conflicting laycan clauses in a voyage charterparty. The confusion led to a complex dispute and a $100,000 claim, which UK insurer …
Unnamed Chinese buyers are said to have picked up an older, Japan-built capesize bulker in the secondhand market. Japanese owner Daiwa Kisen Co sold the 180,309-dwt Cape Laurel (built 2010) …
Norwegian investment manager Tor Svelland has criticised what he sees as too much negativity towards energy shipping stocks. The founder of commodities and freight market hedge fund Svelland Capital
If Posidonia cost you and your company a fortune this year, just know you played a part in giving a hefty cash injection to the Greek economy. A new report …
Sinogas Maritime is strengthening its presence in mid-size LPG shipping with a new order in China. Brokers report the Singapore owner and manager has signed a contract for four 41,000-cbm …
German boxship owner Ernst Russ has seen profits dip as it logged lower charter revenues. The Hamburg-based container ship tonnage provider logged a drop of about 6.6% in profit in …
Josephine Le is hoping to start a social media revolution in shipping with the launch of her new platform The Hood. The Cyprus-based company’s founder and managing director has created …
A new report has found that greenhouse gas emissions from shipping have been rising as carbon intensity reductions slow. It comes as the COP29 climate conference takes place in Azerbaijan, …
Shadow fleet tankers appear to have returned to waters off Spain for transfers of Russian oil. The Spanish government believed it had ended the practice last year. Shipping data suggest …
There is a new breed of ethane carrier coming to town and interest is growing in the supersized versions of these as the trade in the commodity expands. So often …
Newcastlemax owner 2020 Bulkers had a profitable third quarter, but has cut its latest monthly dividend on the back of weaker freight rates in October. The Oslo-listed shipowner booked net …
Flex LNG’s $450m cash pile supports long-term dividends, Fearnley Securities said in a fresh note after yesterday’s third-quarter report. The Norwegian investment bank raised the recommendation for t
Greece’s Toro Corp has a huge amount of money on its balance sheet as it weighs its next move. The Nasdaq-listed owner of four LPG carriers and a product tanker …
State-owned South Korean liner operator HMM saw quarterly profits soar over the billion-dollar threshold on the back of much stronger freight rates. Net profits soared to KRW 1.74trn ($1.2bn) in …
