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Vincent Clerc called on the International Maritime Organization to pass a green fuel regulation proposed by the liner sector after a championship snowboarder named a methanol-fuelled ship on Wednesday
It is a sector that has been strong enough for long enough that owners are in one way or another returning capital to shareholders. And for the major New York-listed …
Alternative fuels adoption faces a classic chicken-and-egg conundrum. Shipping companies want to be sure fuel is available before they order ships, but would-be producers want to be sure there is …
New York-listed suezmax specialist Nordic American Tankers (NAT) sees better earnings ahead after a weaker second quarter. Net profit to 30 June was $21.6m, down from $26.8m in the same …
Russian state shipowner Sovcomflot (SCF Group) has seen first-half earnings eroded as it tries to work around western sanctions. The Moscow-listed group said net profit in the six months to …
FuelEU Maritime is coming and is already applying pressure on shipping to clean up its greenhouse gas emissions. Shipowners and operators are at the cusp of a key documentation deadline …
Speculation is mounting that two US-sanctioned LNG carriers, which loaded this month at Novatek’s newly started up Arctic LNG 2 project, may move to discharge their cargoes into one of …
Tonnage provider MPC Container Ships (MPCC) is looking forward to the implementation of the Gemini Cooperation, says chief executive Constantin Baack. He believes the pending alliance involving liner
Manufacturers of electric vehicles in China are helping to support seaborne trade flows of bauxite, which hit a new monthly record in July. Growing shipments of the ore have been …
BW-backed Cadeler is taking time to evaluate new business in busy offshore wind vessel markets, according to boss Mikkel Gleerup. The world’s biggest wind turbine installation vessel (WTIV) owner is
Speculation is mounting that two US-sanctioned LNG carriers, which loaded this month at Novatek’s newly started up Arctic LNG 2 project, may move to discharge their cargoes into one of …
Talks are already taking place with owners and charterers over the future of Avance Gas’ remaining ships. The John Fredriksen company has been left with four midsize LPG and ammonia …
Charterers have continued to exert their upper hand in the VLCC market, with rates cratering on Wednesday. According to the Baltic Exchange’s VLCC time charter equivalent assessment, earnings for the
Frontline could miss the street consensus for its second quarter earnings on Friday due to the effect of vessel positioning, analysts believe. Fearnley Securities is estimating Ebitda to 30 June …
German shipowner Ernst Russ has boosted earnings and utilisation despite suffering off-hire from two casualties in the first half of 2024. The container ship specialist logged net profit of €37.8m …
Danish shipping giant AP Moller-Maersk is poised to sign a series of up to 32 LNG dual-fuelled container ship newbuildings at three shipyards. The deals, worth more than $6.6bn in …
A Delta Tankers suezmax that was attacked by Houthis and left burning in the Red Sea has not spilled oil yet, European Union Naval Forces said on Wednesday. EUNAVFOR’s Operation …
Houston operator Helix Energy Solutions has scooped a huge new charter deal for well intervention vessels in Brazil. The New York-listed company said it has fixed out the 158-loa Siem …
Norway’s Integrated Wind Solutions (IWS) has lined up debt financing for its new offshore wind ships. The Awilco-backed company said the IWS Fleet shipowning subsidiary has secured credit approval fo
Trafigura has reached a deal with its joint venture with two John Fredriksen-backed companies to supply biofuels in two key bunkering hubs. It comes as the Swiss trading giant sees …
