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Japanese shipowner NYK has offered a 16-year-old steam turbine-driven LNG carrier for sale just months after offloading a similar-aged vessel and jointly putting another ship on the market. Brokers s
Cosco Shipping Energy Transportation (CSET) is ending seven-year VLCC order drought by ordering six newbuildings at a compatriot shipyard. The Shanghai-listed company disclosed that the 307,000-dwt c
The average shipping company will suffer a cyber attack every five days driven by indiscriminate “spray and pray” attacks by cyber criminals casting their net wide to make money, according …
New York-listed niche bulker Pangaea Logistics Solutions has turned a third-quarter profit on the strength of its fleet in the Arctic ice trade even as the company prepares for a …
Bahri Week could not have come at a better time for crude tanker owners. A little Saudi Arabian glamour to couple with some Middle Eastern sunshine is just what the …
DHT Holdings said Donald Trump’s upcoming return to the White House should prove “constructive” for the VLCC sector as the New York-listed tanker owner reported better-than-expected third-quarter earn
As the US potentially gears up for unleashing trade tariffs on China come January, could the Asian importer bite back at its soy exports, as it did in 2018? “While …
Up to 90m tonnes of planned LNG production is expected to move forward when Donald Trump becomes US president in January, but the jury is still out on how his …
Switch Maritime is gearing up to order the first hydrogen-powered ropax to be built in the US. The US company, which launched operation of a pioneering passenger ferry in San …
Redeploying a floating LNG (FLNG) production unit from West Africa to South America is set to cost up to $300m, Golar LNG revealed in a results call today. Chief executive …
A top tier Turkish ship recycler predicts a brewing perfect storm could result in a deluge of demolition-bound ships. Dimitris Ayvatoglu, Leyal Group’s head of business development, told delegates at
CMB.Tech has been upgraded by Fearnley Securities to “buy” from “hold” in a fresh note. Fearnley Securities views the Belgian shipowner as “offering attractive entry to future-proof shipping”. The B
John Bassadone and his fast-growing Hercules Tanker Management have ordered up to 10 more “ultra-spec” chemical tanker newbuildings in China. Bassadone revealed the order for six firm and four option
As crude tankers exit the product trades, product tankers are coming for crude cargoes. BRS Shipbrokers said most of the suezmax and VLCC vessels that cleaned up to find work …
Danaos Corp added $308m to the charter backlog of its profitable container ship fleet as its dry bulk fleet weighed on third-quarter earnings. The New York-listed owner of container ships …
The comeback in the Atlantic market for capesize bulkers has kept coming so far this week, powering big gains in spot rate assessments. Major mining firms and operators have returned …
Charterers are taking longer-term tonnage cover on more expensive deals in the product carrier sector ahead of an expected winter upturn in freight rates. Brokers reported Singapore giant Hafnia’s 50
Singapore’s BW Epic Kosan (BWEK) has continued to offload smaller LPG carriers. Expanding Greek owner Erasmus Ship Invest, led by John Su, has been named by brokers as the buyer …
Tor Olav Troim-controlled Golar LNG plans to secure a charter deal in 2025 for its recently green-lighted new Mk II LNG carrier-to-floating LNG production unit project. In its third-quarter results,
Norsepower has been something of a poster child for wind propulsion technology, a market in which heady promises are made about power and fuel savings and cutting emissions. Founded 12 …
