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Idan Ofer-controlled Cool Company (CoolCo) is offering its November-delivering LNG carrier newbuilding into several ongoing tenders and has locked away another of its existing ships on a one-year deal
Stock markets are undervaluing bulker owners like John Fredriksen’s Golden Ocean in stable markets, Clarksons Securities believes. Analysts led by Frode Morkedal said: “In our view, the valuation of
Yemen’s Houthi group has agreed to allow tugboats and rescue ships to reach a damaged Delta Tanker suezmax in the Red Sea, according to Reuters. The 164,000-dwt Sounion (built 2006) …
China’s Seacon Shipping has reported a tripling of net profit for the first half of 2024, regulatory filings show. The Hong Kong-listed company achieved net income of $32.5m for the …
An aframax tanker that was alleged to have been engaged in sanctioned oil trades, stripped of the flags of Panama and Cameroonm and accused by Eswatini of falsely flying its …
The one place technology companies want to be found is on a shipyard’s makers’ list. The list details approved technologies for ship designs. Inclusion helps avoid the high costs associated …
An engineer who had worked on an Ocean Ships-managed vessel has been accused of sexually assaulting a coworker. The US Coast Guard is seeking to revoke the merchant mariner credentials …
Vessel leasing giant Maritime Partners was already a frontline customer for a start-up that developed a technology that turns methanol into hydrogen fuel, with a project to build a towboat …
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 …
A steady flow of LNG carrier newbuildings is expected to be ordered each year over the period through into the mid-2030s, and the current high prices for vessels may not …
Hiring a supramax bulker in the spot market will currently cost you at least a couple of thousand dollars per day more than a larger panamax. Clarksons attributed the unusual …
Avance Gas is not aiming to hold on to what will be the second-biggest stake in rival BW LPG. The John Fredriksen-controlled shipping company will pocket about $333m of shares …
The risk of an oil spill from a stricken Greek suezmax in the Red Sea remains high, shipping’s top regulator said on Wednesday as he called for an end to …
A growing trend in the shipping industry is seeing wealthy shipowners investing in cleantech companies ahead of adopting these technologies in their fleets. In the UK alone, several maritime cleantec
Hiring a supramax bulker in the spot market will currently cost you at least a couple of thousand dollars per day more than a larger panamax. Clarksons attributed the unusual …
John Fredriksen’s Avance Gas continues to talk up its huge dividends following the sale of all 16 of its VLGCs this year. After the first quarter pay-out, chief executive Oystein …
A major oil spill from a stricken Greek-owned suezmax tanker could leave insurers facing payouts of more than $600m even with the shipowner limiting its liabilities with affected coastal states. …
German’s Hapag-Lloyd is expected to draw up an initial shortlist of shipyards within days following its tender for up to 30 LNG dual-fuelled container ship newbuildings. Brokers and newbuilding sourc
Nantong Xiangyu Shipbuilding & Offshore Engineering is the latest shipyard in China to expand its capacity, riding on the shipbuilding boom. The state-owned shipbuilder said it has bought the collaps
Bulkers of over 20 years old have been in hot demand this year and Chinese buyers have acquired more than half of them, according to research. Much of the buying …
