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Abu Dhabi’s expanding Al Seer Marine has struck its first vessel financing deal outside the United Arab Emirates. The company has arranged $80m of funding from China’s Bank of Communications …
Brazilian mining giant Vale International has agreed another deal to retrofit rotor sails on one of its chartered-in VLOCs. Japanese owner NS United (NSU) will install the 35-metre-high sails on …
Some ship types have nearly doubled in secondhand value in what VesselsValue analyst Dan Nash describes as a potential ‘roaring 2020s’ for the shipping industry. Anchor-handling tug supply vessels ar
Saudi Arabian state shipowner Bahri has fixed up an Islamic financing package to fund its $1bn acquisition of nine VLCCs. The “landmark” murabaha financing agreement with Alinma Bank is worth …
Singapore-based Star Asia Shipbroking had launched a new company with a platform that its founders claim will transform the traditional way of selling end-of-life ships for green recycling. Bid For …
In 1924, the Sally Maersk was the first Maersk vessel to call at Shanghai in China. Fast forward 100 years and AP Moller-Maersk is planning to expand further in the …
Dalian Cosco KHI Ship Engineering (Dacks) has become the latest shipyard in China to join the MR tanker segment. The Sino-Japanese shipyard has struck a deal with Taiping & Sinopec …
The US Treasury Department has sanctioned another swathe of companies, individuals and ships that are accused of being a part of the shipping network of Houthi financial official Sa’id al-Jamal. …
Capesize bulker spot rates tumbled further on Thursday, adding to what shipbroker Braemar described as a “relentless” decline for the sector. The Baltic Exchange’s average of capesize bulker spot ear
New York-listed gas player Navigator Gas has successfully placed $100m in senior unsecured bonds in the Nordic market, the company said on Thursday. The Houston-based company was able to win …
Average VLCC spot earnings extended a rebound to a third day as Frontline scored a fixture that lifted Brazil-to-China rates. The Baltic Exchange’s assessment of time-charter equivalent rates in the
The US Treasury Department has sanctioned another swathe of companies, individuals and ships that are accused of being a part of the shipping network of Houthi financial official Sa’id al-Jamal. …
If there is one thing Greek ship owners habitually complain about, it is the state of maritime education in their home country and its failure to attract more young Greeks …
Product tankers are being kept busier by rising volumes of jet fuel exports, with LR2s benefiting in particular. During the first nine months of 2024, seaborne shipments increased by 11% …
Nordic American Tankers board vice chairman Alexander Hansson really believes in the company his father leads. The Monaco-based shipping scion bought 50,000 more shares in the New York-listed suezmax
A US judge has ordered the seizure of more than $31.2m of cash belonging to Dubai-based OQ Trading as part of a chartering dispute with a unit of Delta Corp …
Shipping billionaire John Fredriksen continues to put his faith in the offshore shipping recovery. His private Geveran Trading acquired a further 135,000 shares in Oslo-listed shipowner DOF Group on
In a further sign that Russia’s intensified rocket campaign against Ukrainian ports has not visibly affected the country’s seaborne trade, Maersk announced a new container service into Ukraine, accord
The British government sanctioned 18 tankers and four LNG carriers on Thursday with its largest package of designations yet to target the Russian shadow fleet. The move takes the number …
Shipping could benefit from the build-out of zero-carbon, green ammonia production to meet global demand, which is expected to reduce costs compared to LNG and methanol alternatives. Speaking on a …
