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Analysts believe now is the time to invest in Stolt-Nielsen as chemical carrier prospects pick up. Since late April, UK shipbroker Clarksons’ chemical tanker spot index has fallen by 13%, …
At least 68 fires on container ships over eight years have been blamed on frequently misdeclared cargoes of charcoal that are stowed in areas where blazes are hard to tackle, …
Athens shipowner Diana Shipping has taken a pay cut to extend a time charter for a post-panamax bulker. The New York-listed company said it has stretched a deal with Aquavita …
Transit voyages through the Northern Sea Route (NSR) look set to hit record numbers this year with the bulk of the shipments moving between Russia and China, according to the …
The European Commission has decided to adopt additional tariffs on the Chinese electric vehicles flooding the continent and helping to drive up car carrier rates. The move will tack an …
US private equity giant Oaktree Capital Management has succeeded with its latest big sale of Torm stock. A securities filing from Thursday shows the fund now has 40.58m shares in …
Add another projection that VLCC rates could hit six figures. Jefferies’ Omar Nokta said Opec’s signalling that it was shifting away from price protection and toward fighting for market share …
Indian has urged seafarers to stay away from Iran amid the growing Middle East crisis. The government advised shipowners to avoid ports in Iran amid spiralling violence in the Middle …
Oslo finance man and shipowner Harald Moraeus-Hanssen has reinvested cash raised from sales of container ships on tanker and bulk carrier newbuildings. Moraeus-Hanssen’s Uthalden Maritime, with a div
A missile attack on a Ukraine grain ship in the Black Sea last month was likely the result of poor, hasty targeting by a panicked Russian pilot using unreliable munition, …
The owner and manager of a damaged bulker carrying a potentially explosive cargo have finally spoken out about the vessel’s plight. The 37,000-dwt open-hatch carrier Ruby (built 2012), with 20,000 …
The parent of US-listed shipowner Teekay Tankers has boosted its stake in a series of share deals. Teekay Corp has splashed $29.1m on 505,000 A-class shares in the suezmax, aframax …
Container liner shares fell across the board in Europe and Asia after the US port strike ended on Thursday. AP Moller-Maersk plunged as much as 8.6% in Copenhagen while Hapag-Lloyd …
A CMA CGM boxship has been damaged after hitting the side at Barranquilla in Colombia. The accident involving the 1,841-teu CMA CGM Balboa (built 2007) happened in the early hours …
Tankers will soon be heading back to Libya in increased numbers after a force majeure on production and exports was lifted. The country’s eastern government and Tripoli-based National Oil Corp …
Last year, Grieg Shipbrokers chairman Thomas Christensen became a shipowner. “It is a lot of fun,” he said, laughing as we met at his office at Aker Brygge in Oslo. …
PascoGas is believed to have returned to Hyundai yard for more LPG carrier newbuildings. The Turkish shipowner is being linked to the order of two midsize LPG ships thatHD Korea …
The Houthis have released new footage that shows the moment when a sea drone attacked an Ultrapetrol-controlled suezmax tanker in the Red Sea. The video, distributed on the militant group’s …
The union that has threatened to cripple US supply chains by holding a sweeping strike has reached a tentative deal that will send dockworkers back to their posts. The International …
Eastern Pacific Shipping has extended its massive orderbook for the new breed of ultra-large ethane carriers by inking two newbuildings against long-term charters. The Singapore-based company has pen
