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The next few years will be “a lot of fun” for DOF Group and its investors, according to chief executive Mons Aase. The Norwegian offshore vessel owner said it intends …
US-listed Dynagas LNG Partners reported yet another profitable quarter on Tuesday, on the back of the steady, long-term employment of the six LNG carriers it owns. Net income at the …
The possibility of a serious accident is increasing in Danish waters, as more and more Russian-trading tankers reject the help of pilots. Research by Danwatch, a Copenhagen-based non-profit investiga
The West of England protection and indemnity club has appointed a senior Gard executive to become its new chief underwriting officer from 2025. Bart Mertens will take over from Simon …
New York-listed Genco Shipping & Trading, which has made paying a quarterly dividend a trademark, may be ushering in a bigger payout regardless of whether the market moves in its …
Dry cargo players will be watching tonight’s US presidential debate with an eagle eye amid lingering uncertainty over its impact on bulker markets, according to a conference in London on …
Owners of elderly crude tankers are increasingly testing the waters for secondhand sales. This is according to Eva Tzima, head of research at Greece’s Seaborne Shipbrokers, who has noted more …
Protection and Indemnity Club West has appointed a senior Gard executive as its new chief underwriting officer from 2025. Bart Mertens will take over from Simon Parrott, who announced in …
A seafarer is suing CMA CGM after accusing a chief engineer of battering a corker with a wrench and sexually harassing them on a US-flag container ship operated by the …
The Chinese government has implemented a new subsidy programme that rewards shipowners who recycle older Chinese-flagged ships in China and replace them with newbuildings. South Asian ship recyclers
Limassol-based Toro Corp has re-elected one of its three directors as earnings plummeted in the second quarter. The tanker and LPG carrier owner said its annual general meeting had confirmed …
Lila Global has sold one of its vintage capesize bulk carriers to rapidly expanding Chinese owner YKJ Shipping. The deal to sell the 171,000-dwt Lila Tianjin (built 2003) follows hot …
South African authorities are searching for signs of oil in Algoa Bay after a slick was found to be coming from an MSC container vessel. The South Africa Incident Management …
Greek tycoon Evangelos Marinakis is moving further into offshore shipping with more newbuildings in China. TradeWinds reported in June that the owner’s new company Capital Offshore Management Corp ha
The reported sale of a modern Norden capesize is the latest in a steadily growing list of sale-and-purchase deals said to have been concluded for the big bulkers. Managers at …
The possibility of a serious accident is increasing in Danish waters, as more and more Russian-trading tankers reject the help of pilots. Research by Danwatch, a Copenhagen-based non-profit investiga
Indonesia’s Pertamina International Shipping (PIS) wants to amass a fleet of 500 tankers and gas vessels by 2034 as it looks to boost its international business. The group is targeting …
Oslo-listed Hunter Group has revealed another tough month for its two VLCCs. The investment company said spot rates averaged $32,700 per day for the unnamed vessels, against the $51,750 it …
The planned launch by MSC Mediterranean Shipping Company (MSC) of standalone east-west services is a once-in-a-lifetime opportunity, a top executive believes. Caroline Becquart, a 40-year-veteran of
China’s CMG Nanjing Tanker is continuing its fleet renewal with an order at China Merchants Jingling Dinghen shipyard. The Shanghai-listed owner, controlled by China Merchants Group, said in a filing
