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2024 is stacking up to be a record-breaking year for container ship contracting. The bonanza in newbuilding orders has benefited Chinese shipbuilders as carriers look to greener ships to replace …
DOF Group is looking ahead to bigger earnings following the completion of its $1.1bn takeover of Maersk Supply Service (MSS) on 1 November. The final quarter without the Danish owner’s …
Fundamental strength in the product tanker market will not be affected by Donald Trump’s return to power in the US, Ardmore Shipping believes. Executives at the US-listed Irish owner were …
Product tanker owners are still anticipating a traditional winter rally in rates, the kind that usually begins around the Thanksgiving holiday in the US, but they are already awash with …
Greece’s largest shipowner, the Angelicoussis Group, has given a unique insight into its massive financial power following the takeover of the $2bn fleet of Altera Shuttle Tankers (AST). Deputy chief
Eitzen-backed Christiania Shipping says its focus will remain on consolidation and renewal in the chemical tanker sector after its takeover of Navquim Holding. The deal to buy 100% of the …
A UK port charity has launched its annual Christmas parcel appeal aimed at lifting the spirits of seafarers visiting the port over the festive season. The Liverpool Seafarers Centre is …
Shanghai-listed Xingtong Shipping is ordering six stainless steel chemical tankers in an investment worth up to CNY 1.4bn ($195.5m). The company said the deal consists of two 25,900-dwt methanol dual
Ukraine is seizing ownership of a Russian tanker that was used to prevent its warships from entering the Sea of Azov in 2018. The 3,800-dwt Nika Spirit (built 1989) was …
Cleaned-up crude tankers are pushing Torm to lower its 2024 guidance. The Danish product tanker owner revised its full-year time charter equivalent earnings projection to between $1.11bn to $1.16bn f
Newcastlemax owner Himalaya Shipping has reported another profitable quarter, but its monthly dividend has slumped. The Oslo-listed shipowner, which counts Tor Olav Troim as its backer and major shar
CMB.Tech, the Saverys family-led firm formerly known as Euronav, saw its profit drop slightly in the third quarter as it pursues its transformation into a diversified shipping giant. The Brussels …
New York and Oslo-listed Flex LNG has signed a huge new charter with a “supermajor” worth hundreds of millions of dollars. The John Fredriksen-controlled company said it has added up …
The famous fast-food chain McDonalds once used to have signs outside its restaurants boasting “One Billon Served”. Indian non-profit organisation The Akshaya Patra Foundation claims to have served ov
US president-elect Donald Trump has vowed to implement blanket tariffs all imports into the US and reignite his trade war China. This could lead to a short-term spike in container …
Four US sanctioned LNG carriers working for Russian interests look set to lose their Panamanian flag registrations. Reuters reported that Panama's Maritime Authority said on Wednesday it has begun a
ECOsubsea, a Norwegian scaleup developer of robotic hull cleaning technologies, has expanded into Singapore with a new robot dubbed the Pink Panther as it targets tankers, container vessels and bulker
Now that former US President Donald Trump has virtually cemented his return to the White House, his focus will turn to building a team to lead his administration. His last …
US-listed Excelerate Energy is closing in on opportunities to expand its fleet of floating storage and regasification units by looking at conversion options and is also considering buying an LNG …
The expansion of Chinese shipyards has raised concerns that the industry could face overcapacity if another global economic crisis occurs. But Bancosta global head of research Ralph Leszczynski is op
