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The final countdown is on for capesize bulker asset prices, according to new analysis. Data platform Maritime Strategies International (MSI) thinks secondhand values are likely to peak within the nex
Ships should not succumb to disasters caused by extreme weather because of the rapid advances in forecasting, a senior meteorological official said on Monday. Ko Barrett, the deputy secretary general
Sweden's Stena Line has appointed Anders Tenfalt as chief investment officer and a member of the group management team. In his new role Tenfalt will lead the development of Stena …
UK-based Hayfin Capital Management has unveiled its first major transaction since a management buyout this summer. The London-based alternative financier has teamed up with a consortium led by lender
Athens-based Aquila Marine has sold an elderly MR1 product/chemical tanker for recycling in India. The 35,800-dwt Aquila (built 1999) was beached at the plot of Diamond Industries Ship Breaking at …
CMA CGM has reached an agreement to take over the largest container terminal in South America. The French liner giant will acquire 48% of terminal company Santos Brasil in a …
John Fredriksen’s Golden Ocean Group is reported to have sold one of its oldest bulkers at a price that appears to lock in a profit for the New York-listed shipowner. …
Interim guidelines for the use of ammonia as a fuel have been finalised by a sub-committee working group at the International Maritime Organization. The IMO Sub-Committee on Carriage of Cargoes …
Below-par earnings for kamsarmax vessels have taken a toll on secondhand values, two fresh transactions reported by brokers on 20 September show. In both, Greek owners are said to be …
The top management of John Fredriksen-backed Flex LNG offloaded shares worth around $3.9m last week. Chief executive Oystein Kalleklev and chief financial officer Knut Traaholt exercised options befo
The Nordic high-yield bond market is booming. That is good news for issuers. But it could be a warning sign for investors. Tormod Vagenes, chief investment officer at Holberg Fondene, …
Reinsurance costs for the major protection and indemnity clubs are set to rise by up to 20% because of the multi-billion-dollar losses from the Baltimore bridge disaster, according to broker …
Athens-based Aquila Marine has sold an elderly MR1 product/chemical tanker for recycling in India. The 35,800-dwt Aquila (built 1999) was beached at the plot of Diamond Industries Ship Breaking at …
Berge Bulk has asked a judge in Puerto Rico to throw out a lawsuit filed by a grain company over a casualty that saw a bulker strike a tower at …
Intra-Asia feeder specialist TS Lines has ordered two 4,300-teu container ship newbuildings at CSSC Huangpu Wenchong Shipbuilding. A source close to the deal confirmed TS Lines’s order and said the …
The shipping industry is currently experiencing an “unprecedented” threat to pre-trade and increased protectionism, the head of the International Chamber of Shipping said. Guy Platten, secretary gene
Three days after US authorities filed a $103m claim against the managers and owners of the 9,962-teu Dali (built 2015) over a deadly bridge collapse and the ship left US …
Three days after US authorities filed a $103m claim against the managers and owners of the 9,962-teu Dali (built 2015) over a deadly bridge collapse and the ship left US …
The families of six construction workers who fell to their death when a container ship slammed into a Baltimore bridge have filed wrongful death claims against the owner and operator …
Florida’s lawmakers have provided the US state’s largest container port with a giant cheque for $23m to buy cranes from a German manufacturer and refurbish existing equipment. Jacksonville’s JAXPORT
