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Major Opec+ oil producers will delay a planned increase in output for two months amid concerns over the state of the global economy. Eight members, including Saudi Arabia and Russia, …
Hoegh Autoliners had another month of record high freight rates in August. The Oslo-listed car carrier owner transported 1.2m cbm last month, earning gross freight rates of $103.60 per cbm …
Golar LNG has priced a new $300m bond in the Nordic high yield market after hiring banks last week. Senior unsecured bonds were issued on Thursday, the Tor Olav Troim-backed …
A Frontline tanker has been allowed into a Libyan port to lift oil despite a wider halt to exports. The 110,000-dwt Front Jaguar (built 2016) loaded a cargo at the …
An elderly refrigerated general cargo ship that arrived at Alang at the end of August has been arrested by an entity that claims to have been its owner since 2016. …
The Vietnamese owner of a US-blacklisted aframax tanker is trying to sell it for scrap. But no ship recycler will touch it. The 105,000-dwt crude carrier Zenith (built 1998) has …
The Vietnamese owner of a US-blacklisted aframax tanker is trying to sell it for scrap. But no ship recycler will touch it. The 105,000-dwt crude carrier Zenith (built 1998) has …
Two LNG carriers and the companies behind them have been slapped with sanctions by the US as it moves to block Russia’s efforts to start up exports from its Arctic …
China’s Fujian Shipping has continued its fleet renewal drive with a fresh bulker order in China. Shipbroker Clarksons reported that the owner had signed for two 82,000-dwt kamsarmaxes at Haitong …
Charterers’ hunger to lock in LPG carriers into period charters “bodes well” for the winter spot market, StealthGas chairman Michael Joliffe said after the New York-listed company revealed that it …
Connecticut-based Dorian LPG is touting fuel savings from its first experience with silicone paint on a handful of tankers as it sketches out the path to bigger reductions in emissions. …
South America’s second-smallest country is rising as an oil industry power, and that is increasing Guyana’s role in tanker markets. Among the signs of Guyana’s rising impact on crude tanker …
We stand at a crossroads. As the globe intensifies efforts to mitigate climate change, traditional marine fuels are becoming ever less viable. Meanwhile, as we wait for zero-carbon fuels to …
Canadian shipowner Algoma Central has promoted from within to fill a chief financial officer vacancy as Peter Winkley prepares to exit the company. The Toronto-listed tanker and bulker owner said …
A trade group has filed a complaint against Canadian shipowner Fednav, urging Brazilian federal officials to inspect the company’s records over “suspicions of irregularity” in a bulker’s involvement i
Huge numbers of liquefied CO 2 carriers will be required to support the anticipated new value chain for shipping the waste product, according to classification society DNV. Speaking at SMM …
Growth in India’s coal imports is expected to continue but will slow as demand plateaus, starting as soon as late 2024, according to new analysis. Supramaxes are already suffering a …
Lloyd’s of London says its exposure to the Baltimore bridge disaster could be £500m ($658m) with most claims for the likely biggest-ever maritime loss resting with US insurers. The world’s …
StealthGas has reported record earnings for the second quarter as it locked seven vessels into charters of a year or more. It reported net income of $25.8m, marking a 146% …
Concerns over shipbuilding quality are mounting due to labour shortages, delegates at a TradeWinds conference in Hamburg heard. Despite rising orders for newbuildings and retrofits, the number of shi
