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US-based Chevron Shipping Co and Japan’s Mitsui OSK Lines are embarking on an industry first by fitting two wind sails to an LNG carrier newbuilding. The two companies have agreed …
JP Morgan-controlled Schuyler Line Navigation has won a charter deal with the US Navy that could be worth $71m if all options are exercised. The US Defense Department said the …
Nordic American Tankers (NAT) is continuing to fix its older ships, sometimes ahead of rivals’ younger tonnage, chief executive Herbjorn Hansson said. Asked on a conference call if having some …
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 …
US investment bank Jefferies sees good things in store for the tanker market for the rest of 2024, but ot is curbing its enthusiasm when it comes to the shares …
The global shipping industry must take steps to improve working conditions across several key areas and urgently improve seafarer well-being, according to a new report published by the Diversity@Sea p
Among the battling big beasts in the protection and indemnity jungle, there can only be one lion king. But who’s the racoon? In its annual ranking of P&I club performance, …
As the shipping industry gears up for the 2050 decarbonisation target, panellists at SMM in Hamburg were asked whether the sector was driving the maritime transition, or merely walking very …
Herbjorn Hansson does not foresee a sale or merger involving his Nordic American Tankers (NAT), despite his relationship with some of the biggest owners and investors in the business. Asked …
A Russian missile hit a ship carrying wheat in the Black Sea late on Wednesday, Ukrainian authorities said. “Fortunately, there were no casualties, according to preliminary reports,” Ukrainian presid
Shipping investors should buy Navigator Holdings shares, DNB Markets said as it initiated coverage of the New York-listed company on Thursday. “In our view, Navigator Gas’s world-leading fleet of sma
Robert Bugbee is by now a household name in shipping for his high-profile role as president of Scorpio Tankers and before that the former OMI Corp. John Bassadone is not …
As the shipping industry gears up for the 2050 decarbonisation target, panellists at SMM in Hamburg were asked whether the sector was driving the maritime transition, or merely walking very …
Global oil demand remains on track to peak by 2030 as the transformation of the world’s largest importer to a low-carbon economy appears ahead of schedule, according to the International …
Shipping companies have continued a stampede to shipyards, splashing $135.4bn on new ships so far this year, according to Clarksons Research. The UK company recorded 1,454 ships of 106.4m dwt …
Shipbroker BRS Group is predicting a busier VLCC tanker market thanks to recent plunges in oil prices. Weakness in Atlantic barrels has become more pronounced in September, narrowing the Brent …
John Fredriksen and International Seaways are playing together nicely. The two sides even got lunch ahead of Pareto Securities’ annual Energy Conference in Oslo this week. “That has been an …
The Shipowners’ Club reported an improvement in its underwriting results for the first half of the year despite a major claim of more than $7m. Claims by value were up …
After acquiring three capesizes in a row, serial sale-and-purchase dry bulk player Costamare has reportedly switched its buying focus back to the smaller ultramax segment. Brokers and market sources
Shipping turmoil in the Red Sea and at the Panama Canal has cost the global economy $1.25trn, according to a new report. London data analysis company Russell Group analysed trade …
