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Shipping finance stalwart Tobias Backer said he had no doubt in his mind over his next move when considering leaving Fleetscape Capital. The new executive director of Pelagic Partners’ new …
Boxship charter markets are still on a roll — despite a weakening freight market. Demand for larger container ships remains strong after new alliance structures unveiled last week have seen …
South Korea’s Sinokor Merchant Marine has shed one of the world’s oldest LNG carriers, selling a 45-year-old vessel for recycling. Brokers said the 126,400-cbm steam turbine-driven Coral Energy (buil
US-listed shipowners have moved quickly to take advantage of stock-price falls to buy back their own shares, according to Clarksons Securities. Analysts Frode Morkedal, Even Kolsgaard and Bendik Fold
Historic shipbuilder Harland & Wolff has confirmed it will initiate the UK insolvency process of administration. The London-listed group, which built the Titanic at its Belfast shipyard in the early
Western governments have few tools to end the crisis in the Red Sea as the attacks have proved so successful in promoting the Houthi cause, a meeting of marine insurance …
Owners could be letting themselves in for unexpected bills through slow steaming to meet emissions targets. Shipping design and engineering consultancy Houlder says the quick-fix solution aimed at cu
Gard is touting a “robust” first half as markets normalise. The Norwegian insurer reported a $33m technical profit for the first six months of 2023, while bringing in $80m in …
The fall in the price of Russian Urals crude towards the G7 price cap could be a “double positive” for Western tanker owners, according to one US shipbroker. A tricky …
Athenian Sea Carriers, the tanker company of Greece’s Kyriakou family, may be offloading its last legacy vessel. Greek market sources and brokers in the US and Athens are tying the …
Greek owner Globus Maritime is paying a bonus of $3m to a consultant linked to chief executive Athanasios Feidakis. The Nasdaq-listed company said in a filing that the deal was …
Danish owner-operator Norden has signed a deal to supply a capesize bulker chartered by mining giant BHP with biofuel for a voyage between Australia and northern Europe. About 1,000 tonnes …
Expanding Scottish shipowner North Star is widening its reach by recruiting Bernhard Schulte Offshore chartering manager Bruno Bartel. The former shipbroker has been appointed European renewables lea
Diversified Greek owner Alberta Shipmanagement is increasingly concentrating its acquisitive firepower on bigger bulkers between kamsarmax and capesize capacity, buying its third such vessel this year
China Cosco Shipping and New York-listed Danaos Corp have been drawn into a complex legal battle brewing in a US federal court in Houston over a deadly fire on a …
An armada of European Union warships and salvage vessels began towing a stricken Delta Tankers ship in the Red Sea on Saturday. The development is part of a second effort …
At first glance, the 5,400-gt oceanographic research ship Oceanxplorer (built 2010) looks like a billionaire’s toy. But step on board the former offshore survey vessel and it quickly becomes apparent
Norway’s Hoegh LNG is changing its name to Hoegh Evi — as it rebrands the company to reflect its growing energy transition infrastructure focus. Announcing and explaining the company’s new …
So it is goodbye Hoegh LNG and hello Hoegh Evi as the Norwegian floating regasification specialist unveils a new name and look today. It is designed to show the wider …
Singapore’s Pax Ocean Group has revealed a major new offshore ship order as the sector continues to make a newbuilding comeback. The company, part of Kuok Maritime Group, said it …
