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A new Nordic investment venture has moved into the VLCC sector with the purchase of a Greek tanker. Investment bank Fearnley Securities acted as the sole arranger for the deal …
Danish offshore vessel owner Esvagt has promoted two senior managers to take over from chief executive Peter Lytzen. The company said Lytzen has retired after being in the top job …
Asia’s largest offshore support vessel company is plotting expansion with an injection of Malaysian state cash. Malaysia’s public employees’ pension scheme manager KWAP said it has pumped MYR 219m ($
Avance Gas has delivered the first of 12 VLGCs to BW LPG in its $1bn fleet sale. The 83,000-cbm non-scrubber ship Chinook (built 2015) has been delivered to the Singapore-based …
Chemical tanker owner MAC Shipping is rebuilding and expanding its fleet with newbuildings. The Singaporean company has struck a deal with China’s Jiangxi New Jiangzhou Shipbuilding Heavy for four du
Finland’s Coast Guard claims Russian satellite jamming is causing vessels to lose course in the Baltic Sea. And commander Pekka Niittyla told Reuters that shadow fleet tankers have also been …
China’s Hengli Heavy Industry (Hengli HI) is bolstering its product portfolio with very large gas carriers to satiate its huge shipbuilding capacity. Shipbuilding sources the Dalian-based shipyard ha
US liquefaction giant Cheniere Energy is looking at how best to take advantage of opportunities to optimise its large LNG shipping fleet in the current depressed market. On a results …
Mitsui OSK Lines plans to renegotiate the charter contracts with Russian entities on three LNG carriers and one condensate vessel worth a total of ¥105bn ($689m) in the face of …
AP Moller-Maersk chief executive Vincent Clerc is sounding ever more optimistic about the prospects for the container shipping market. The boss of the Danish liner giant believes demand will remain …
Japanese shipowner Mitsui OSK Lines plans to renegotiate the charter contracts with Russian entities on three LNG carriers and one condensate vessel worth a total of JPY 105bn ($687.7m) in …
Norwegian Cruise Line Holdings hiked its profit expectations for the full year as the Miami company said record revenue and cost management lifted third-quarter earnings. The company, led by chief …
Measures taken by the global shipping regulator to force Russia to follow established maritime rules have not worked and tougher action is needed against countries and flag states, according to …
Newly created Norwegian shipping lender Sparebank 1 Sor-Norge has reported solid results for the third quarter. The bank was formed from the merger on 1 October of Sparebank 1 SR-Bank …
If there’s a subject that rivalled Scorpio Tankers’ surprise investment in VLCC owner DHT Holdings for equity analysts’ attention on this week’s earnings call, it was the issue of dirty …
AP Moller-Maersk shares rose as much as 7% after the third-quarter report on Wednesday. The quarterly profit of the Danish container shipping giant reached $3.1bn, against $489m booked at the …
Trader and shipowner Trafigura is making a provision of $1.1bn after uncovering serious misconduct by staff involved in its Mongolian petroleum products supply business. The findings were made by an
Europe’s shipowner lobby and an influential Brussels-based environmental group joined forces to push Europe Union decision makers to not forget about shipping in the bloc’s next big, green industry in
Authorities in the US have sanctioned four LNG carrier shipowning entities, a heavylift vessel charterer and a Novatek subsidiary, as they continue efforts to block Russia’s development and export of
Tanker and LPG carrier owner Cosco Shipping Energy Transportation (CSET) has seen earnings eroded as tanker rates struggled over the summer. The VLCC giant said in a statement to the …
