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Norway’s Wilh Wilhelmsen Holding is continuing to mop up minority shareholders in its car carrier investment company Treasure. The Oslo-listed ship manager and investor said it had spent a further …
Two LPG carriers conducting a cargo transshipment operation off the coast of Bangladesh went up in flames on Sunday. The fires were eventually extinguished by Bangladesh’s navy and coast guard, …
Shipping investment banker and former analyst Fotis Giannakoulis has joined ABN Amro as a managing director. Giannakoulis is leaving Fearnleys Securities after three years in its investment banking d
A design for an underwater gas carrier for use in the Arctic is being promoted again by Russian researchers as the country wrestles with how to export its energy resources. …
Greek shipowners have become increasingly active buyers of secondhand kamsarmaxes, attracted by falling prices that have been hit by below-par freight rates. They have been tied to four separate purc
The full reopening of the Suez Canal could trigger two months of “operational meltdown” as container ships converge at European ports, a senior AP Moller-Maersk executive has warned. Vessels from …
Global logistics giant DP World is pressing ahead with a £1bn ($1.3bn) expansion of its main London port and plans to make it Britain’s largest container hub within five years. …
A huge new Chinese state stimulus plan could boost bulker rates, according to Clarksons Securities. The country’s finance ministry announced over the weekend that it would increase government debt an
China’s Yangzijiang Shipbuilding has been taken to arbitration in London over cancelled vessel orders worth $900m. The Singapore-listed group said that proceedings began on 10 June and 26 September a
Ramlosa Shipping has completed an equity raise of SEK 27m ($2.6m) ahead of its listing in Stockholm. The Swedish company will gain about 600 new shareholders. Ramlosa founder and chief …
The parent of New York-listed Teekay Tankers has continued to increase its holding through share purchases. Teekay Corp bought an additional 342,004 A-class shares of the suezmax, aframax and LR2 …
Forging offtake agreements is essential for clean ammonia start-up Ten08 Energy to move forward with its planned production facility on the US Gulf Coast, and chief executive Jean Perarnaud sees …
Iranian tanker loadings plunged nearly 70% in the first 10 days of October over fears of Israeli retaliation. State-owned National Iranian Tanker Co (NITC) moved vessels away from its key …
Navigator Gas has mandated banks for a new senior unsecured bond issue. Fixed income investor meetings arranged by Arctic Securities, DNB Markets, Clarksons Securities and Fearnley Securities will st
Norway’s Hunter Group has managed to cut its charter losses as VLCC rates rose for its two tankers. The Oslo-listed investment company said spot earnings averaged $37,510 per day, against …
Athina Martinos, founder and original driving force behind a shipping dynasty that began from scratch 60 years ago to control today close to 300 ships worth $14bn, died on 11 …
Two LPG carriers conducting a cargo transshipment operation off the coast of Bangladesh went up in flames on Sunday. The fires were eventually extinguished by Bangladesh’s navy and coast guard, …
The US Treasury Department responded to Iran’s attack on Israel by extending its sanctions on the country to the petrochemical and refinery sector. The department also put another 17 ships …
It’s not easy being green, to quote Kermit the Frog, and when it comes to alternative fuels, it may be much easier, and cheaper, to be blue. Energy and maritime …
VLCC rate indicators have fallen for the fourth straight day, even though a Friday fixture scored by the Onassis family’s Olympic Shipping & Management showed the potential rate uptick on …
