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Product tanker owners do not need to panic after rates dipped to their lowest point of the year in August, Gibson Shipbrokers said. The London shop noted earnings were weak …
UK shipbroker Clarksons is beefing up its Middle East services with a new sale-and-purchase desk. The team will be led by director Tim Barraclough and based in the Dubai office. …
Energy company Gasum will provide Hapag-Lloyd container vessels with liquefied biomethane during a two-year tender period. The Nordic energy firm will provide the liner operator with 20,000 tonnes of
The Angelicoussis Group has cashed in a capesize bulker in a deal that shows nearly 19-year-old ships are not being left behind in a rising sale-and-purchase market for dry bulk …
Singapore-listed offshore vessel operator and marine engineering company Kim Heng is taking full control of shipowning venture Bridgewater Offshore. The company said in a stock exchange announcement
Extra vessel demand looks set to more than double VLCC rates into next year, Clarksons Securities believes. The investment bank said increased western production will tighten up vessel supply. The …
The tanker sector is set to benefit from reported plans by some Opec+ nations to boost production in October as the first step to unwind broader cuts. A Reuters report, …
UK shipbroker Clarksons is beefing up its Middle East services with a new sale-and-purchase desk. The team will be led by director Tim Barraclough and based in the Dubai office. …
The crew of a merchant ship was involved in damage control early Monday after the vessel was hit twice in the latest suspected Houthi attacks. The master of the unnamed …
Malaysia’s Icon Offshore has revealed a major fleet expansion, including diversification into dry bulk shipping. The Kuala Lumpur-listed owner is spending a total of MYR 394m ($91m) to acquire vessel
Cosco Shipping has revealed a massive 42-vessel haul of bulker carrier newbuildings worth CNY 12.7bn ($1.69bn). The push marks the latest installment in a much-anticipated newbuilding push by major C
Lloyd’s Register has made a move for digital learning platform Ocean Technologies Group from private equity firm Oakley Capital for an undisclosed sum. OTG offers e-learning services for shipowners a
Golar LNG has hired four banks to sell a new bond to investors. DNB Markets and Pareto Securities are on the ticket as global coordinators and joint bookrunners, and Clarksons …
Giant Swedish shipowner Stena AB has logged a bigger profit thanks to ship sales and positive tanker markets. The private Swedish group said second quarter net earnings were up at …
Intra-Asian liner specialist SITC International Holdings is ordering more ships as it continues what has been a ‘surprising’ fleet expansion, says chairman Yang Xianxiang. The company then plans to p
The crew of a merchant ship was involved in damage control early Monday after the vessel was hit twice in the latest suspected Houthi attacks. The master of the unidentified …
Lloyd’s Register has made a move for digital learning platform Ocean Technologies Group from private equity firm Oakley Capital for an undisclosed sum. OTG offers e-learning services for shipowners a
Kumiai Navigation has taken advantage of a rising sale-and-purchase market for large bulkers with the sale of a newcastlemax bulk carrier in what one broking house described as the deal …
More than 50% of global tonnage on the orderbook is now alter-native fuel capable, according to Clarksons Research. Ahead of the opening of SMM in Hamburg this week, the shipbroker’s …
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