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Shipbuilding is enjoying a wild ride, with crammed orderbooks, scarce slots, sky-high prices and compelling drivers for further growth. Clarksons Research figures tell it all. For the first three qua
A 2001-built aframax tanker with a questionable past has finally turned up at the shipbreaking beach at Chattogram where it is set to become the fourth of its type to …
The European Union has already pushed shipping into its Emissions Trading System, making the industry pay for its climate pollution for the first time. In two months, the other shoe …
Four Singapore-based shipping companies have been sanctioned by the US for being part of a network of shipping companies aiding Novatek, Russia’s largest LNG producer, to procure vessels for its …
Texas investment firm Dimensional Fund Advisors has for the first time revealed a stake in Herbjorn Hansson’s Nordic American Tankers. The Austin, Texas-based firm, which has close to $800bn in …
Are the US election and an unresolved port strike stoking up demand in the container market? Transpacific spot freight rates appear to have stabilised after months of decline and are …
Wavelength podcast: Halloween is over so what’s spooking car carrier investors? Plus: Why Scorpio Tankers has invested in a VLCC company, and FuelEU edges closer
Danish bulker operator XO Shipping is ringing the changes at the top of its organisation. Co-founder and chief executive Kim Pihl is stepping down to join the board chaired by …
Tanker rates are falling despite the northern hemisphere winter approaching, which normally brings a seasonal uptick. The Baltic Dirty Tanker Index fell for the seventh consecutive day to 966 on …
George Procopiou's Dynacom is being linked to an order for four suezmax tankers worth KRW 459.3bn ($334m) contracted with Samsung Heavy Industries. The South Korean shipbuilder said today that it …
Mexican ship manager Gremex Shipping has been fined in the US over waste dumping from a cement carrier. The company pleaded guilty at a federal district court in Florida in …
A German-managed cargo ship is unloading a controversial cargo of explosives allegedly destined for Israel. The 8,000-dwt Kathrin (built 2010) arrived off Alexandria, Egypt, on 28 October, AIS data s
Costamare, a US-listed owner and operator of about 160 bulkers and boxships, revealed on Friday yet another batch of secondhand deals as part of a longstanding policy to renew its …
The frantic pace in Chinese secondhand bulker buying of late has raised eyebrows in the market. “I’m really at a loss why they’re buying so much,” a baffled Greek shipowner …
South Korea’s Samsung Heavy Industries has announced a newbuilding contract for four suezmax tankers worth KRW 459.3bn ($334m). It said the crude oil tankers were ordered an African shipowner. The …
China’s Jiangxi New Jiangzhou Shipbuilding Heavy Industry has clinched its debut gas carrier order after being reactivated last year. The shipyard said it had signed a deal to build a …
Container shipping giant Cosco Shipping Holdings saw quarterly profits soar to over $3bn on the back of increased volumes and freight rates. Net profit soared to CNY 24.09bn ($3.38bn) for …
DOF Group has completed its blockbuster $1.1bn acquisition of Maersk Supply Service. The Norwegian offshore player said on Friday that it had issued Maersk Supply Service the agreed-upon mix of …
French sailing cargo shipowner TOWT has welcomed its newbuilding home after its first commercial transatlantic voyage with a naming ceremony. The 1,100-tonne, 81-metre-long Anemos left France on 13 A
China’s Hengli Heavy Industry is bolstering its product portfolio with very large gas carriers to satiate its huge shipbuilding capacity. Shipbuilding sources said the Dalian-based yard has made its
