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Nigeria’s huge new Dangote refinery is making a big switch to domestic crude, which is likely to put a dent in Atlantic aframax demand. The plant near Lagos will import …
The UK shipping industry is set for a radical shake-up according to transport secretary Louise Haigh who pledged her allegiance to the sector in her first major maritime address. “My …
AP Moller-Maersk’s apparent U-turn in ordering newbuildings powered by LNG does not mean it is embracing it as a future decarbonisation fuel. The Danish liner giant ordered six methanol-fuelled conta
An uptick in Russian attacks on vessels trading in Ukraine has increased pressure on war insurance rates for ships in the Black Sea. Additional war risk premiums in the region …
Union Maritime has posted a big jump in earnings as it slimmed down its fleet through the sale of older vessels. The tanker and bulker group has also revealed details …
Swiss-based Norwegian shipowner Kristian Jebsen and his family are selling out of bulker group Gearbulk as Japanese trader Marubeni buys in. The exit follows the June deal that saw the …
Lloyd’s Register Foundation has awarded Seoul National University (SNU) a £4m ($5.2m) grant to finance further maritime safety research. The money will fund the university’s college of engineering an
An uptick in Russian attacks on vessels trading in Ukraine has increased pressure on war insurance rates for ships in the Black Sea. Additional war risk premiums in the region …
The 1,844-teu Little Emma (built 2023) was the first of two standard Bangkokmax newbuildings ordered by the Greek owner in 2022 for approximately $30m each. Photo: Jiangsu New Yangzi Shipbuilding
Shanghai-listed Cosco Shipping Holdings is expecting to log a huge jump in profit from its container vessels in the third quarter. Earnings guidance shows the Chinese state giant’s net figure …
Edda Wind has found work for two of its six under-construction commissioning service operation vessels (CSOVs). The John Fredriksen and Wilhelmsen-backed offshore vessel owner said on Tuesday that th
UK shipbroker Clarksons’ annual charity day has raised £250,000 ($327,000) for five good causes. The event involved more than 280 staff from 10 global offices taking part in competitive and …
Shipbroker BRS Group says Middle East crude producers have been preparing for potential Iranian shipping disruption by adding alternative export routes. But there will be no other way out for …
Vard is again linking up with Navigare Capital Partners and Norwind Offshore on newbuildings. The Norwegian shipbuilder announced on Tuesday that it had signed a deal to design and build …
Hoegh Autoliners shares took a tumble on Tuesday after it reported lower volumes and rates in September. The Norwegian car carrier giant’s shares fell from NOK 136.50 ($12.81) to NOK …
Greek container ship tonnage provider Contships Management has sold five older feeder container ships and purchased a 1,500-teu vessel. The Athens-based feeder ship owner has been seeking to sell nin
The Isle of Man Ship Registry (IOMSR) has added four Berge Bulk newbuildings to its roster as part of its decarbonisation drive. The ships are the 211,000-dwt newcastlemaxes Berge Mauna …
The Latsis family agreed on Tuesday to buy a 10% stake in the company operating Greece’s busiest toll road in the latest demonstration of rising Greek shipping fortunes capturing a …
Peter Livanos’ CO 2 carrier and terminals venture EcoLog has teamed up with a group of companies aiming to create a carbon capture and transport hub 7CO2 in the UK’s …
Hoegh Autoliners shares took a tumble on Tuesday after it reported lower volumes and rates in September. The Norwegian car carrier giant’s shares fell from NOK 136.50 ($12.81) to NOK …
