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The Houthi militia in Yemen is shaking down shipowners for $180m a month to grant safe passage through the Red Sea and Gulf of Aden. This is according to a …
Philly Shipyard is in the red on another newbuilding as the beleaguered yard looks for new financing and works to close the $100m Hanwha takeover. In its third quarter earnings …
A fisherman was reported missing after a collision involving an LPG carrier, a coal vessel and a fishing boat off Bangladesh. The accident involving the 5,508-cbm gas vessel Era Star …
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 …
Diana Shipping has raised another $25m in a tap issue of its 2029 bond. The total outstanding amount after the tap issue is $175m, the Greek bulker owner said in …
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Eastern Pacific Shipping (EPS) has raised SGD2m ($1.5m) for Mercy Ships in just 20 days with a collective physical effort from over 6,000 employees and friends. The funds raised will …
Japan is still the world’s third-largest shipbuilding nation, trailing only China and South Korea, despite the closure of several of its most renowned shipyards. A strong US dollar and an …
Both the marine and aviation sectors will require a fourfold increase in sustainable liquid fuels by 2050 if the Paris climate goals are to be met, according to French energy …
Seanergy Maritime Holdings said two directors who had been challenged by George Economou received strong support. Shareholders also voted against a proposal by Economou to demand the resignation of S
The LNG shipping sector is watching the US election to find out whether the candidates will shake up the trade — particularly whether the ultimate winner will end President Joe …
Monday saw big gains in capesize freight derivatives and stronger reported fixtures, despite a tiny rise in the overall spot market index. Monday saw three new iron ore fixtures reported …
Pro-Palestinian protesters in Turkey have boarded a vessel alleged to be carrying explosives for Israel. The protesters believe the 8,000-dwt German-owned multipurpose Kathrin (built 2010) unloaded e
Pro-Palestinian protesters in Turkey have boarded a vessel alleged to be carrying explosives for Israel. The protesters believe the 8,000-dwt German-owned multipurpose Kathrin (built 2010) unloaded e
Evergreen Marine Corp has sold a 28-year-old container vessel for a “remarkable” price of around $30m. The Taiwanese owner sold the 5,500-teu Ever United (built 1996) with charter-free delivery later
Protection and indemnity market leader Gard is looking to increase premiums by 4% in February to deal with higher claims and uncertain global economic conditions. The Norwegian insurer will combine …
Fearnley Securities says the outlook for VLGC spot rates is improving after big recent drops in a volatile market. But the investment bank has still cut its earlier forecast for …
Sweden’s Stena Line will cut 80 jobs in a cost-cutting programme. After a review of the current organisation and cost base, the company is launching an initiative that it says …
Theodore Veniamis-led Golden Union outbid nearly 10 competitors when it bought the 206,300-dwt Crassier (built 2007) about four years ago. The company’s effort proved worthwhile. Purchased towards th
Evergreen Marine Corp has sold a 28-year-old container vessel for a “remarkable” price of around $30m. The Taiwanese owner sold the 5,500-teu Ever United (built 1996) with charter-free delivery later
