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A pair of senior figures are departing Costamare Bulkers two years after helping establish the Greek shipowner in the dry cargo market. Best known as a container ship owner, Costamare …
Viking Line chief executive Jan Hanses will step down in 2025. He will continue working as a senior adviser at the Finnish cruise and ferry operator until his retirement in …
Major Dutch owner Wagenborg has seen profit eroded by weaker dry cargo rates. The Delfzijl-headquartered shipping company logged 2023 net earnings €84m ($91m) lower at €157.5m, the NT website reporte
Norway’s Bonheur has posted higher profit in stronger offshore wind and cruise markets. The Oslo-listed holding company of the Fred Olsen group said net earnings in the third quarter more …
NRP Premium Maritime Fund 2022 has approved its first dividend payment. It will pay out $6.2m for October to investors, NRP Maritime Asset Management said in a report. The Oslo-based …
Supramax bulker specialist Chinaland Shipping has moved into the capesize business. The Chinese company disclosed that it has made its debut in the segment with two Waigaoqiao-built ships — the …
The owner and manager of the container ship Dali have agreed to pay $102m to cover the cost of reopening the channel to the port of Baltimore following March’s catastrophic …
Exports of crude from the Saudi port of Yanbu are surging as the kingdom uses pipeline volumes to avoid Houthi attacks on tankers. Kpler, a trade flow data firm, said …
SSY has hired a team of brokers and a research analyst from rival Braemar, which will boost its office in Athens. Dimitris Kyrtsos has joined the shipbroking group in the …
The illegal practice of charging seafarers recruitment fees to secure work is very much alive, a study found last month. Seafarers and Illegal Recruitment Fees 2024 Insights was published by …
Just as tanker owners return to shipyards in significant numbers, the time they now have to wait to get their hands on newbuildings is growing ever longer. Clarksons Research has …
George Feidakis-backed Globus Maritime has purchased a pair of secondhand bulkers. The seller? George Feidakis. The Nasdaq-listed shipowner said it spent $54m on the two kamsarmaxes, which were not
South Korean shipbuilder Samsung Heavy Industries has more than doubled its quarterly net profit by homing in on high-margin LNG carriers and floating LNG production units. SHI reported a net …
Dockworkers in Montreal have announced a strike that will shut down container terminals at eastern Canada’s busiest port. The Maritime Employers Association, which is made up of container ship and …
US financial firm BlackRock has lifted its stakes in Teekay Tankers and Golar LNG. The investments emerge on the same day that TradeWinds reported that the asset management giant had …
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The huge shift in shipping via the Cape of Good Hope has led to more weather-related claims off South Africa in 2024 than in the whole of the three years …
New York-listed Dorian LPG has expanded its board of directors to eight with the addition of former Chevron Shipping president Mark Ross. Ross, 61, retired last spring after a 34-year …
Greece’s Performance Shipping has entered into a sale-and-leaseback agreement for one of its existing tanker newbuildings. The 10-year deal involves one of two 114,000-dwt LNG-ready, scrubber-fitted
The first of the big 12 protection and indemnity clubs has announced an increase in premiums for its shipowner members next year following a sharp rise in claims costs. The …
