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Singapore’s Pacific International Lines (PIL) is accelerating its fleet renewal programme. The liner company confirmed that it had commissioned China’s Hudong-Zhonghua Shipbuilding to build five LNG
UK giant Clarksons has added 22 new trainee brokers to its lineup around the globe. The London-listed group, the world’s biggest shipbroker, said the recruits have joined its global trainee …
Deliveries of container ships newbuildings have hit a new annual record, according to Bimco figures. Boxship deliveries this year have surpassed last year’s record and will top 3m teu by …
Chinese buyers appear to have won the bidding war for a Japanese-owned VLCC. The unspecified buyers were said to have purchased the 311,110-dwt Taiga (built 2007) from Meiji Shipping Co …
Consolidation in the ship management sector has taken another step forward with the tie-up of two Cypriot groups. Intership Navigation and Interorient Shipmanagement have merged their vessel manageme
A 20-year-old, steam turbine LNG carrier controlled by Japan’s Mitsui OSK Lines has been idled in an area traditionally used for lay-up as prospects for older vessels are slim. Brokers …
Precious Shipping is selling its last two non-eco bulk carriers, managing director Khalid Hasim has revealed. The sale of these ships will conclude the Bangkok-based shipowner’s purge of older, less
Intra-Asian specialist TS Lines has begun trading on the Hong Kong Stock Exchange with its shares finally starting to rally. The company closed its initial public offering (IPO) last week …
Norwegian bulker operator Western Bulk Chartering is adding some serious executive firepower to its board as it seeks to reorganise its cost structure. Shareholders will vote on 18 November for …
Oldendorff Carriers has installed three Flettner rotors on the 100,488 dwt post panamax bulk vessel Chinook Oldendorff (built 2020). The rotor sails are tiltable to allow cargo operations in port …
New entrants and fresh investment are creating an increasingly fractured shipowning landscape in tanker and bulker sectors, according to Greece’s Xclusiv Shipbrokers. This is despite consolidation th
Fearnley Securities has arranged new project finance deals worth a total of $180m. Since the summer, the firm has closed four transactions. The deal flow is likely to continue throughout …
Shipowners are supporting the surge back towards LNG as a marine fuel with 66 newbuilding orders placed in October, according to classification society DNV. Unveiling monthly figures from its Alterna
Precious Shipping is selling its last two non-eco bulk carriers, managing director Khalid Hasim has revealed. The sale of these ships will conclude the Bangkok-based shipowner’s purge of older, less
Eastern Pacific Shipping has raised $1.5m for Mercy Ships in just 20 days, with a collective physical effort from more than 6,000 employees and friends. The funds raised will be …
Anil Sharma’s Lila Global has sold a total of four capesize bulkers for recycling this year as details of its latest deal emerge into the markets. Lila Global’s 171,000-dwt bulk …
When a sanctioned suezmax tanker offloaded its cargo of oil at China’s port of Tianjin, it was the end of an odyssey from Iran that included three transfers and four …
The US has arrested a Turkish man accused of plotting to transport sanctioned Venezuelan oil using tankers with their names hidden and with electronic tracking turned off. Taskin Torlak, 37, …
Apostolos Tzitzikostas, a Greek career politician set to become the European Commission member in charge of shipping, plans to increase green marine fuel production, protect EU ports against unfair co
A Greek VLCC is being repaired off the coast of Portugal after losing propulsion last week. The Lusa news agency reported the 319,000-dwt Nissos Rhenia (built 2019) broke down 36.6km …
