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UK shipbroker Gibsons has raised the possibility of more tankers being fixed on storage contracts as a “wave of new oil supply” hits the market next year. Iraq, Kazakhstan and …
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
Swiss trading and chartering giant Gunvor has posted a big drop in profit for the first half of 2024 as commodities markets normalised. But the company said its shipping operations …
An Algerian product tanker has docked in Lebanon with a fuel cargo to combat power outages following an escalation of the country’s conflict with Israel. Algerian state energy company Sonatrach …
Greek tanker and bulker owner Imperial Petroleum has plenty of firepower to expand its operations after another profitable quarter, according to chief executive Harry Vafias. The Nasdaq-listed compan
Knut Arlid Hareide was been thrown in the deep end. Just 10 days into the job, the new Norwegian Shipowners’ Association chief executive was dispatched to Arendalsuka — the weeklong …
The US Coast Guard is prosecuting a mariner in an effort to revoke his licence over a past sexual assault conviction involving a child, according to documents seen by TradeWinds. …
South Korea’s HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has inked its second MGC newbuilding contract in a span of two weeks. The shipbuilding group announced that it has …
John Fredriksen-backed Edda Wind believes strong demand will lead to market growth in the coming years. “Edda Wind is experiencing a favourable demand outlook and the Group’s tender activity is …
MPC Container Ships (MPCC) saw quarterly profits dip as it continued selling older feeder ships as part of its ongoing fleet renewal. The Oslo-listed company has sold the 1,300-teu AS …
The Palau International Ship Registry has temporarily revoked the registration of three LNG carriers lifting Russian cargoes that were sanctioned by the US authorities on Friday. A spokeswoman for PI
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 …
BP Shipping has logged a lower profit for 2023, but its fleet has grown. According to accounts filed at Companies House in the UK, net earnings last year came in …
Greek tanker and bulker owner Imperial Petroleum has plenty of firepower to expand its operations after another profitable quarter, according to chief executive Harry Vafias. The Nasdaq-listed compan
John Fredriksen’s Golden Ocean Group has seen earnings jump in strong bulker markets, while revealing a profitable sale of an older panamax vessel. The Norwegian dry cargo operation said it …
Norway's Island Offshore has ordered its second hybrid ocean construction vessel from Vard. In May, Island Offshore and Vard signed a contract for one firm OECV with an option for …
The upcoming FuelEU Maritime law in the European Union should help lift the shipping industry’s uptake of lower-carbon fuels, according to a key shipping executive at trading giant Trafigura. And …
One of the largest Norwegian equities funds sees value in tanker and bulker owners. The DNB Norge fund has an overweight in the tanker segment. It has a stake in …
Nantong Xiangyu Shipbuilding & Offshore Engineering is the latest shipyard in China to expand its shipbuilding capacity riding on the shipbuilding boom. The state-owned shipbuilder said it has bought
Jinhui Shipping and Transportation has ridden the upsurge in dry cargo rates in the second quarter to return to profit. The Oslo and Hong Kong-listed shipowner booked net income of …
