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As VLCCs posted their fourth straight day of spot market declines, a fixture of a Pantheon Tankers Management tanker reflected further pullback on the Middle East-to-Asia trade lane. The plunge …
The US is not likely to follow its European counterparts down the path of taxing shipowners when it comes to curbing the industry’s contribution to carbon emissions. That was the …
Classification society DNV has acquired CyberOwl, a UK-based cyber security firm, in a move aimed at reassuring shipping companies that security is being taken seriously. The acquisition, for an undi
The next few quarters might be tough for tankers, if Kpler is to be believed. Matt Wright, freight analyst at the trade analytics company, outlined several reasons for concern for …
Norway’s pioneering carbon capture and storage (CCS) project Northern Lights is complete and ready for operation. The Norwegian Minister of Energy Terje Aasland was on site at the terminal in …
UK shipbroker Clarksons is expanding its deepsea tanker operations into Brazil after announcing a significant new hire. The London-listed group said it has set up a desk under the leadership …
Aframax rates could soon receive a shot in the arm as hope mounts of a return to the market for Libyan oil. Most crude exports have been blocked for nearly …
The UK has sanctioned five ships and two companies for their role in shipping Russian LNG, including from the country’s expanding Arctic projects. The British government said it is the …
US investor Easterly Clear Ocean has carried out the first sale of ships from the fleet of chemical tankers it has built since 2021, racking up a big profit. The …
The US Navy is reportedly considering chartering a commercial tanker after one of its refuelling vessels was damaged in the Middle East. The 31,200-dwt USNS Big Horn (built 1989) suffered …
UK shipbroker Clarksons is expanding its deepsea tanker operations into Brazil after announcing a significant new hire. The London-listed group said it has set up a desk under the leadership …
The US has slapped sanctions on several entities and nine vessels, including those belonging to a Syrian shipowner, for their links to Iran and the Lebanese militant group Hezbollah. The …
UK shipowner Purus has confirmed another order for ammonia carriers as it aims for a market-leading position. It said it has contracted two 45,000-cbm dual-fuel ammonia-ready medium-size gas carriers
Ukrainian authorities have charged the second senior officer of a small cargo ship detained since July for trading in Crimea — a part of the country annexed by Russia. The …
Arlie Sterling admits he was a little worried. The president of consultancy Marsoft has been working since about 2018 on a structure to provide carbon credits to shipowners for vessel …
Sales talks are underway between the parent company of Oil Brokerage and its counterpart at Poten & Partners. Industry sources close to the conversations said OTC Global Holdings, which owns …
The parent of UK ship manager V.Group has revealed a bigger loss for 2023 as finance expenses increased and the managed fleet declined. Accounts filed to Companies House by holding …
Athens-based Seaborne Shipbrokers is expanding abroad with the opening of a new office in Singapore, set to begin operations on 30 September, under managing director James Porter, a former sale-and-pu
A damaged bulker carrying a potentially explosive cargo of ammonium nitrate continues to be an international pariah after its flag state of Malta denied it entry. AIS data shows the …
Saudi Arabia appears ready to drop its $100 per barrel oil price target, in a move shaping up to be a boon for tankers. The kingdom is ready to deal …
