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UK renewable energy group Drax has invested £1m ($1.3m) in UK wind tech firm Smart Green Shipping. The investment will help SGS with the further development of a wing sail …
A Lebanese-controlled general cargo ship has capsized following a collision with a Greek bulker that hit the headlines in January after being struck by a Houthi missile. Video footage shows …
DNB Bank’s loans in the shipping sector fell in the third quarter. The loan book decreased to NOK 35.4bn ($3.2bn) from NOK 36.1bn at the end of the second quarter. …
New York-listed Diana Shipping has refinanced its Danish Ship Finance loan, freeing two vessels from their mortgages. The Greek bulker owner said it has agreed an amended and restated facility …
Italian owner Navigazione Montanari has bought a French MR1 tanker with new domestic finance. London law firm Watson Farley & Williams (WFW) said it advised the company on the acquisition …
Horizon Tankers has returned to Zhoushan Changhong International Shipyard for more MR tanker newbuildings. The Greek shipping company has inked two 50,000-dwt product carriers at the Chinese shipyard
The international Price Cap Coalition has issued new guidance to shipping, including advice to tanker sellers and brokers to be vigilant in conducting deals, over what it described as rising …
New York-listed Pangaea Logistics Solutions has set a 2 December date for a shareholder vote on its agreement to acquire the 15-bulker fleet of Connecticut’s MT Maritime Management in a …
A Costamare-owned vessel in the fleet of liner giant AP Moller-Maersk has sailed on a route to Dubai after no signs emerged that the Houthis targeted the vessel as the …
Liner giant AP Moller-Maersk has again upgraded its profits guidance after a strong third quarter and the ongoing impact of the Red Sea crisis. The Copenhagen-based company expects underlying Ebitda
US Marine Management has secured a market-beating charter for a product tanker from the US Navy. The Department of Defense said that vessel operator Military Sealift Command will fix one …
Spanish shipowner Boluda has continued to add to its fleet with the takeover of ice breaker owner Yxpila Hinaus-Bogsering (YHB) in Finland. Boluda said the deal includes YHB’s six ships …
All 22 crew have safely disembarked a Turkish product tanker that suffered a blaze off Singapore earlier on Monday. The Maritime and Port Authority of Singapore (MPA) said it was …
Eyal Ofer’s Zodiac Maritime is leading the way in a booming container ship charter market by securing a pair of money-spinning charters. The London-based tonnage provider has fixed the 6,612-teu …
Average capesize spot rates fell for the fifth consecutive trading day on Monday in the absence of good news. The basket assessment of average capesize rates, weighted across five key …
Newly US-listed liquefaction and receiving terminal developer Crown LNG is close to naming the site of its planned offshore LNG production project in the US. Speaking to TradeWinds at Gastech …
It is Spain’s Cepsa that is splashing the cash on a Nordic American Tankers suezmax. Broker reports revealed the Madrid-based oil and gas outfit is the charterer behind the “mid-high …
Clean tanker rates are set for a rebound as crude tankers are lured back to their own markets by rising earnings this winter. Product carrier freight levels have been under …
Tanker owners searching for a positive sign on Chinese oil demand have to look no further than Saudi Aramco. Amin Nasser, chief executive at the Saudi Arabian state-run oil company, …
Elite Tankship, a Singapore-based operator of clean and crude carriers, disclosed it will soon take a pair of modern LR2 vessels on long-term charter. The Mangish Kakodkar-led company said in …
