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Singapore’s former transport minister Subramaniam Iswaran has been handed down a one-year jail sentence for accepting SGD 403,300 ($313,200) as a public servant as well as attempting to obstruct justi
John Fredriksen-controlled Flex LNG has finalised $430m of new financing. The funding round, announced in its second quarter report, has been completed according to plan with net proceeds of about …
Vessels have been warned to beware of a possible sunken Ukrainia sea drone spotted off the northern coast of Turkey. Ambrey Analytics said it had received a report of a …
London-listed Tufton Oceanic Assets has fixed out its two chemical tankers at what it called “attractive” rates delivering strong yields. The shipping fund, managed by Tufton Investment Management, s
For more than 265 years, generations of marine insurers have gathered at Simpson’s Tavern in the City of London to strike deals and spill their claret on the communal tables …
Hin Leong founder Lim Oon Kuin, his son Evan Lim and daughter Lim Huey Ching have this week agreed to settle a $3.5bn civil case brought against them by the …
John Fredriksen’s Golden Ocean Group is ploughing on with a $100m share buyback programme to take advantage of dips in its value. The scheme began in 2022 and the bulker …
Iranian exports of its crude oil have reached the highest level since 2019, according to data compiled by consultancy Kpler. The company logged tanker loadings at Iranian ports of 1.92m …
A video emerged on social media purporting to show the moment a Houthi sea drone hit an Ultrapetrol tanker in the Red Sea early on Tuesday. Armed guards on the …
Hin Leong founder Lim Oon Kuin, his son Evan Lim and daughter Lim Huey Ching have this week agreed to settle a $3.5bn civil case brought against them by the …
UK owner Union Maritime has firmed up more dual-fuel tanker tonnage in China. The company has declared options for two additional 114,000-dwt LR2s at Fujian Mawei Shipbuilding, doubling the number …
Hin Leong founder Lim Oon Kuin, his son Evan Lim and daughter Lim Huey Ching have this week agreed to settle a $3.5bn civil case brought against them by the …
Shipping always thrives on geopolitical disruptions, and 2024's many spats such as the Red Sea crisis has proven that to be case yet again. That was the overwhelming opinion of …
One man has been the main voice of 45,000 dockworkers who have shut down containers and vehicle ports across nearly 7,500 kilometres of coastline. He has led the historic strike …
A video emerged on social media purporting to show the moment a Houthi sea drone hit an Ultrapetrol tanker in the Red Sea early on Tuesday. Armed guards on the …
President Joe Biden has called on the US Maritime Alliance to offer more to striking dockworkers, injecting his pro-union stance into the labour dispute. The statement came as his predecessor, …
After ordering more than a dozen bulkers at Chinese and Japanese shipyards, Densay Shipping unveiled on Tuesday its first contract for tankers. The Tayfun Gunerhan-led company has ordered four firm …
The strike that shut down a swathe of US ports could help lift charter rates for container ships, in addition to hampering box trades linking the country to Europe and …
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Malaysian shipowner MISC has firmed up two LNG carrier newbuildings which will be fixed to state-owned parent Petronas. Newbuilding sources said MISC inked contracts on the two vessels on Monday …
