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European Union energy ministers have been discussing measures on how to track Russian LNG shipments as imports into member states climb. EU energy commissioner Kadri Simson said this week that …
A Wah Kwong Maritime Transport supramax bulker has been arrested in India. The 53,400-dwt New Venture (built 2009) was detained while at anchor off the port of Deendayal on Monday …
Orders for capesize bulkers are on track to hit the highest level since 2018. Growth in the capesize sector means ordering activity across all bulker sizes is set for its …
An Indian government sell-off of Cochin Shipyard stock has dragged its share price down. The state is offloading up to 5% of the bulker and offshore vessel builder through a …
New global banking rules are set to reshape maritime finance, tightening access to traditional debt financing, one leading lawyer believes. Dora Mace-Kokota, head of the maritime, trade and offshore
Wah Kwong Maritime Transport has seen a supramax bulk carriers arrested in India. The 53,400-dwt New Venture (built 2009) was detained while at anchor of the port of Deendayal on …
Hong Kong-headquartered Cido Shipping has jumped on the very large ammonia carrier trend with a $250m investment in newbuildings. The shipping tonnage provider is being named as the buyer behind …
Shipbroking group SSY has hired two more brokers to round out its offshore business within subsea vessels and special projects. Andreas Hageli and Thomas Kittelsen will join the company in …
Leaders in shipping should “step out of the comfort zone” to help build an industry that is sustainable for people and the planet, a top Cargill executive said. Jan Dieleman …
UK shipbroker Gibson believes clean tankers will capture more of the European fuel market as the Mediterranean becomes an emissions control area (ECA) from 1 May next year. The London …
After 20 years of business in China, Norden re-entered the capesize segment in 2023. Recently, there have been doubts about the strength of the Chinese economy but the Danish owner-operator …
New York-listed Nordic American Tankers Ltd (NAT) has boosted its term coverage with a new five-year deal that suggests long-term rates are rising. The Herbjorn Hansson-led shipowner said an unnamed
Marla Tankers, an asset play vehicle set up by Greek owner Paris Kassidokostas-Latsis, seems to have served its purpose with the highly lucrative sale of its last two vessels. Several …
The latest move by the administration of US President Joe Biden to expand sanctions on Tehran could add pressure on Iran’s petrochemical sector, legal experts said. The announcement by the …
Full transparency is needed on shipowners’ emissions data but it may take several years for the full impact of the International Maritime Organization’s rules and banks efforts green financing to …
In this week’s ShipTech newsletter, we have insight from Ian Lewis into the development of digital technologies that are supporting ship management firms. It forms part of our Ship Management …
NYK Group’s investments in newbuildings will soar from 2030 as it steps up its zero emissions efforts. Chief executive Takaya Soga told the TradeWinds Shipowners Forum in Tokyo that future …
What might have been a mild-mannered bank panel turned in a different direction at Tuesday’s Capital Link New York Maritime Forum when surprise guest Robert Bugbee disrupted things. Nothing was …
Greek dry bulk operator Starboard Shipping & Trading has contracted a panamax for a year as Clarksons data showed period rates in the sector are dipping. Data from the Baltic …
The White House’s state dining room erupted into applause when US President Joe Biden signed the Inflation Reduction Act — and a plethora of projects took shape that would use …
