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An LNG cargo on board one of Russia’s US-sanctioned shadow ships is circling off an as-yet-unused supersize floating storage unit moored at the eastern end of the Northern Sea Route. …
US-based Chevron Shipping is taking another measure to reduce the emissions on its six-owned LNG carriers by pairing up with technology group Wartsila on engine conversions. Wartsila said it plans …
Shipping tycoon John Fredriksen has consolidated his position as easily Norway’s richest person, but cruise ship owner Torstein Haagen has closed the gap. Kapital magazine has released its annual sur
The Asian Spirit Steamship Co (ASSC) is believed to have doubled its money on the sale of its largest container ship. The Clasen Rickmers-led company is selling the 4,255-teu Spirit …
Reborn shipyard Hengli Heavy Industries has booked four 306,000-dwt crude oil tanker newbuildings with its parent, Hengli Group. It marks the second VLCC contract between the two parties. The first …
An aframax tanker sale appears to mark a rare instance of a vessel leaving the market. Brokers reported Hong Kong’s Nam Fung Shipping has sold the 105,700-dwt Planet Pearl (built …
Finland is powerless to stop hundreds of dark fleet tankers sailing past its coastline every month, raising fears that a serious incident will happen in the shallow waters of the …
VLCC owners are fixing ships at discounts west of Suez to keep their tankers positioned in a strengthening short-haul market. Spot rates have been climbing as the effects of a …
Dynacom Tankers Management, a Procopiou family-controlled owner with a giant orderbook of about 40 newbuildings, may be selling its oldest VLCC. According to market talk in Greece and the UK, …
Dubai charterer Adhira Shipping & Logistics (ASL) will move into bulker operating once it has got its London IPO off the launchpad. The Pappu Sastry-led company manages the award of …
Apostolos Tzitzikostas, a conservative politician from Greece, has been named the European Union’s new transport commissioner — the top EU post overseeing shipping. Assuming the 46-year-old passes a
A milestone of sorts in Star Bulk Shipping’s $836m all-stock takeover of Eagle Bulk Shipping will come at the end of this month, with the departure of the highest-ranking Eagle …
Shrapnel from a Houthi missile that hit a Norwegian-owned chemical tanker smashed through the cabin wall of the sleeping master and was found embedded in his pillow, a senior intelligence …
A new heavylift and project cargo vessel operator has been established in Italy as a joint venture between German owner Harren Group and shipping agencies Kestrel Italia and Intermare. KestrelMare …
Swiss trader and shipowner Trafigura has revealed a new finance deal to support dry cargo shipments out of the United Arab Emirates. The company said it has signed a $150m …
Shipping will need around $40bn a year over two decades to build supply chains for alternative fuels if the European Union is to meet its energy transition goals, according to …
London-listed tanker owner James Fisher has the firepower for investment after reducing interest expenses through a new refinancing deal. The product carrier specialist said it has signed a deal wort
Danish tanker and fuels group Monjasa has stepped up its investment in the next generation of bunker traders. The company said there are no obvious recruitment channels for the specialised …
The US has lodged a claim against Synergy Marine and Grace Ocean over costs that government lawyers tallied up to $103m after a container ship destroyed a Baltimore bridge. The …
London-listed shipbroker Braemar has declared itself “confident” of shipping markets as it reported a likely increase in key performance figures. In a trading update for the six months to 31 …
