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Spot charter rates for modern LNG carriers have tumbled to seasonally low levels ahead of what is commonly a very strong period of vessels in this sector. Brokers are pegging …
Trafigura Group’s Singapore division has sealed a bigger-than-expected financing deal in uncertain times for commodities and shipping. The trader and shipowner said a series of new syndicated revolvi
The construction of new container ships at Hanwha Ocean is being impacted after a worker fell to their death three weeks ago. Shipbuilding sources said the South Korean shipyard was …
Some fires on board the laden oil tanker hit repeatedly by Houthi rebels have been put out more than a month after the original bomb attacks. An operation involving a …
Greek supramax and ultramax specialist Almi Marine Management is making room for new tonnage after taking delivery of three newbuildings in the past five months. Managers at the Athens-based firm …
OM Maritime has turned to China’s Jiangxi New Jiangzhou Shipbuilding Heavy Industry for its first-ever newbuildings. The Singapore-based niche tanker player has booked firm orders for two 13,800-dwt
A new face is set to take over the reins of Shell Marine on Tuesday as Houda Dabboussi is named as the company’s new president. Shell Marine said Dabboussi will …
A Danish tanker operator and charterer has gone into liquidation, with one owner reporting a default on charter terms. Cornerstone Maritime was set up in 2019 by broker Simon Toft, …
Operators should scrutinise a ship’s trading history over the past three years for links to Israel before deciding to pass through the Red Sea, according to safety guidance issued by …
Economists are warning that a global shipping emissions levy could have a negative impact on global trade. It will also have a much more costly impact on shipping than the …
Container ship owners could see rates boosted after it was confirmed a port strike on the US east coast and Gulf of Mexico will go ahead from Tuesday. The International …
An ex-employee of commodities giant Gunvor Group is standing trial accused of bribing officials to secure financing and delivery of crude cargoes in Africa. Bloomberg reported that Swiss prosecutors
A collapse in Red Sea traffic in the wake of the Houthi campaign against Israeli-linked shipping has caused no big harm to the business of Greece’s two biggest ports so …
OM Maritime has turned to China’s Jiangxi New Jiangzhou Shipbuilding Heavy Industry for its first ever newbuildings. The Singapore-based niche tanker player has placed firm orders for two 13,800-dwt
Expansion-minded Seacon Shipping is stepping up its presence in the tanker segment with a raft of product tanker newbuildings. The Hong Kong-listed Chinese company, which already has four medium-rang
Compagnie Luxembourgeoise de Navigation (CLdN)’s move into the container sector is part of a long-term plan to transfer boxes from its ro-ro’s onto container ships. Florent Maes, CEO of CLdN, …
Two veteran handysize bulk carriers with Middle Eastern ownership links are heading to India for recycling. The 28,400-dwt Andulus 1 (built 1995) and the 39,100-dwt My Meray (built 1992) were …
A tanker captain has been jailed and its operators fined over illegal oil-waste dumping off the US. The Department of Justice (DoJ) said in a statement that senior managers at …
NYK Line is said to have found buyers for a 25-year-old capesize in a deal highlighting the demand for vessels, regardless of their vintage, in a robust freight market. The …
Attica Group, Greece’s biggest passenger shipping company, added one more vessel to its fleet of 42 ships with a purchase from small, domestic peer Fast Ferries. The ship changing hands …
