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A lack of communication and concentration likely caused a cargo ship to get stuck in the River Nene in England over the summer. That is the conclusion of a preliminary …
UK shipping fund Tufton Oceanic Assets has rewarded investors for a strong year in tanker and bulker markets. The company, managed by Tufton Investment Management, handed back nearly $58m to …
The US Navy is reportedly considering chartering a commercial tanker after one of its refuelling vessels suffered damage in the Middle East. The 31,200-dwt USNS Big Horn (built 1989) suffered …
Shipbroker Richard Fulford-Smith will step away from his hands-on leadership position at Affinity (Shipping) at the end of the year and move into the role of chairman of the board …
Stolt Tankers has beefed up its Asian chemical tanker pool with the addition of Japanese tonnage. The Stolt-Nielsen company said it had added a vessel from Japan’s SU Navigation to …
Angeliki Frangou-led Navios Maritime Partners is said to have returned to South Korea’s HJ Shipbuilding & Construction for container ship newbuildings. Shipbuilding sources said Navios has penned two
Copper will play a crucial role in the global transition to cleaner energy, but it is cargo supply rather than demand that could affect shipping in the years to come. …
Just one week after booking four VLCC newbuildings at its shipyard, China’s Hengli Group seems to be flipping two vessels as resales to a major Greek owner. According to several …
Antwerp owner Euronav has sold two older suezmaxes to private interests of its controlling Saverys family as it continues to focus on eco ships. The New York and Brussels-listed company …
The illegal practice of charging seafarers recruitment fees to secure work continues to be “current and endemic”, a new study shows, with shipping companies and cargo owners urged to take …
An aframax tanker spot market indicator slumped below $20,000 per day for the first time since October 2023 as markets west of the Suez Canal offered shipowners little in the …
Spot rates for MR tankers in the Atlantic basin fell to their lowest level of the year as seasonal factors ruled the day. The Baltic Exchange’s assessment of time-charter equivalent …
The US Treasury Department 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.
Hamburg-based MPC Container Ships has successfully completed a $125m bond issue that saw it reel in some 25% more than it originally sought. The Oslo listed company said the bond …
A US-sanctioned LNG carrier linked to Russia’s shadow fleet has transited the Suez Canal and is heading into the Red Sea. Kpler data shows the 138,000-cbm Pioneer (ex-Pioneer Spirit, built …
VLCCs posted their fourth-straight day of spot market decline a fixture by South Korea’s Hanwha Group showed reflected further pullback on the Middle East-to-Asia trade lane. The plunge reverses some
A US-sanctioned LNG carrier linked to Russia’s shadow fleet has transited the Suez Canal and is heading into the Red Sea. Kpler data shows the 138,000-cbm Pioneer (ex-Pioneer Spirit, built …
The demise of the car carrier market may be exaggerated. At least, it is if you listen to Hesnes Shipping. Speaking at Wallenius Wilhelmsen’s capital markets day on Wednesday, the …
More detail has emerged on the cuts being made by bulker operator Western Bulk Chartering to its global workforce. Torbjorn Gjervik, who started as CEO on 1 September after 13 …
German liner giant Hapag-Lloyd has homed in on two privately owned Chinese shipyards to build up to 24 LNG dual-fuelled container ships worth more than $4.2bn. Yangzijiang Shipbuilding and New …
