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Greek owner Navios Maritime Partners may turn its gaze to shareholder handouts after spending more cash on stock buybacks. The New York-listed tanker, bulker and boxship group said in a …
Maersk Supply Service has won a contract from Cenovus Energy to provide a newbuilding field support vessel in Canadian waters of the North Atlantic. The Danish offshore vessel owner said …
Several large claims tipped protection and indemnity club Skuld into an underwriting loss in the first half of 2024. After several benign years, it reported a 37% year-on-year increase in …
Shipping companies presenting at Pareto Securities’ annual conference delivered a bright outlook for the winter season and next year, despite uncertainty over growth in China. Pareto shipping analyst
Chinese seaborne dry bulk imports increased by 6% in the first eight months of the year, despite economic challenges. Filipe Gouveia, a shipping analyst at Bimco, said: “Between January and …
Container spot rates from Asia to the US east coast have plummeted after shippers frontloaded cargoes to beat a pending strike and potential tariffs. Spot rates from Shanghai to New …
Russia claims it has no information about an attack late on Wednesday against a ship carrying Ukrainian wheat in the Black Sea. Ukrainian President Volodymyr Zelenskyy and the country’s navy …
A second attempt to tow a burning tanker to safety after an attack by Houthi rebels more than three weeks ago is due to start on Friday. Salvors are returning …
South Africa said 15 seafarers have been rescued after they were forced to abandon their offshore supply vessel during a fire. The 7,719-bhp AM Pride (built 2006) was burning about …
Denmark’s DSV has clinched a huge deal to create what is thought to be the world’s biggest logistics player through the takeover of Deutsche Bahn’s Schenker. It is paying €14.3bn …
India’s Great Eastern Shipping has agreed another sale of an elderly ship as it keeps its fleet renewal drive moving. The company said it will ship out the 158,000-dwt suezmax …
Tanker owners are unfazed by this year’s string of newbuilding orders. Despite the orderbook growing from 7.52% of the global fleet in January to 12.7% this month, shipowners presenting at …
Walking towards the International Transport Workers’ Federation headquarters in London, you can’t help but notice that it resembles a bus depot. Half-a-dozen red buses are lined up outside the buildi
UK tanker and bulker owner Union Maritime is continuing to bet on wind propulsion for shipping through a new alliance. The company said it has launched Project AeroPower, a collaborative …
Private investment bank Berenberg has closed the first of a series of deals as an intermediary between Japanese finance houses and European shipping companies. It is the result of two …
Herbjorn Hansson is no fan of shipping’s focus on net asset value calculations. The Nordic American Tankers (NAT) chief executive told analysts on a conference call that there are so …
SFL is prepared to grow further but is waiting for the right deals. “We follow all the market segment at the same time. We look at opportunities within tankers, bulkers, …
Greek bulker owner Globus Maritime is scouring the market for ship and finance deals as it seeks further expansion. The Nasdaq-listed company returned to profit in the second quarter with …
A damaged Dubai-controlled bulker has been turned away from a second European country due to its potentially explosive cargo. The 37,000-dwt Ruby (built 2012) hit the headlines last week after …
South African said 15 seafarers have been rescued after they were forced to abandon their offshore supply vessel during a fire. The 7,719-bhp AM Pride (built 2006) was burning about …
