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New investment in the Vietnamese oil industry is set to change trade flows for tankers. But US broker Poten & Partners paints a mixed picture for the dirty and clean …
Malaysian subsea shipowner OMS Group has embarked on a major fleet renewal with a newbuilding deal in the Netherlands. Shipbuilder Royal IHC said the company has signed a contract for …
A US federal judge in New York is weighing requests for a judgment in a three-year court fight between Borealis Maritime and a long-time business associate of chief executive Christoph …
Another round of Donald Trump’s trade policies could have a slight negative effect on shipping, according to Clarksons. Analyst Frode Morkedal said a second Trump presidency had the potential to …
Opec and its allies have again backtracked on their plans to unwind production cuts, with speculation that more delays are on the way. The bloc agreed over the weekend to …
The split in global shipping caused by Russia’s invasion of Ukraine could result in a permanent parallel fleet of substandard tankers with inadequate insurance, the head of a global oil …
Chartering and trading giant Gunvor has closed its first ever private placement of bonds in the US. The Swiss group said the financing deal is worth $378.5m. The sale of …
Spot charter rates of modern two-stroke LNG carriers crashed to historic lows at the end of last week, despite a slight uptick in fixture activity. Brokers said levels for vessels …
New investment in the Vietnamese oil industry is set to change trade flows for tankers. But US broker Poten & Partners paints a mixed picture for the dirty and clean …
A Japanese tanker and a Swiss/German bulker have been damaged in a collision in the Strait of Gibraltar. About 500 cbm of paraffin was spilled by the 26,100-dwt product carrier …
Christian M Ingerslev is plotting his next move after ending a 27-year journey with the Maersk group. The shipping veteran left his role as chief executive of Maersk Supply Service …
Christen Sveaas-backed Sea1 Offshore has ordered two new offshore energy support vessels at Cosco Shipping (Qidong) Offshore Co. The 120-metre-long ships will be based on the ST-245 design and will …
UK shipowner Purus has signed a multi-year service contract with Danish offshore wind energy giant Vestas. The contract will employ Purus’ newbuilding commissioning service operation vessel Purus Chi
Opec and its allies are again punting on unwinding production cuts with speculation more delays are on the way. The bloc agreed over the weekend to push back by a …
The new CEO of the London P&I Club starts work on Monday as disputes over two of its largest-ever claims return to the spotlight. James Bean takes charge as arguments …
Egypt has suffered severe economic losses from vessels re-routing away from the Red Sea due to Houthi attacks. The country's foreign minister Badr Abdel Aati said drastically reduced Suez Canal …
PaxOcean Group is the latest shipyard in China to join the large-size tanker segment. The Zhoushan-based shipyard is making debut into the suezmax tanker sector with help from Samsung Heavy …
The Houthis vowed on Sunday to keep chasing vessels they believe to be affiliated with Israel, even after their sale to third-party interests. The Yemeni rebel group’s spokesman Yahya Saree …
Cypriot shipping fund Pelagic Partners has deepened its relationship with US owner International Seaways (INSW) through a new period charter. The company said the 73,400-dwt Pelagic Turbot (built 200
Eastern Pacific Shipping is said to have inked a landmark newbuilding contract in China’s renminbi (RMB). Multiple shipbuilding sources said the Idan Ofer-led company has opted to use Chinese yuan …
