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Thai VLCC owner Prima Marine has seen a 36% year-on-year increase in second quarter net profit according to a recent regulatory filing. Net income for the three months was THB …
Swiss turbocharger business Accelleron has acquired weather routing service provider True North Marine to become the latest marine engineering firm to buy a digital service provider to expand its offe
Japanese utility Osaka Gas is planning to dive into the LNG bunkering business in the next two years as it builds out its e-methane production capabilities. Osaka Gas executive officer …
Idan Ofer’s Eastern Pacific Shipping has ended a decade-long order drought for a rare type of gas carrier. The company has ordered four dual-fuel 60,000-cbm LPG carriers at a Chinese …
Insurance broker Marsh has launched a $50m policy to cover for the loss of revenue caused by port blockages similar to the container ship disaster in Baltimore. The port of …
Mitsui OSK Line has installed a pair of Norsepower rotor sails on the 207,468 dwt capesize Camellia Dream (2014). The vessel is on a long-term charter to the Brazilian mining …
The shipbroking community in Singapore gathered for a relaxing evening, networking and indulging in delicious food and drinks at the Institute of Chartered Shipbrokers Singapore awards ceremony. The
Singapore’s Vallianz Holdings is teaming up with Penn Marine Service Co to increase its presence in the Thai offshore support vessel (OSV) market. The company said the joint venture will …
d’Amico International Shipping has purchased a chartered-in MR product tanker from its owner. The Milan-listed shipowner said it exercised a purchase option for the 50,000-dwt Crimson Pearl (built 20
Disruption from Houthi attacks in the Red Sea continues to help drive outsized earnings for Zim, but it’s not the only factor that allowed the Israeli liner operator to batter …
China’s reluctance to buy US soy in favour of South America is set to continue into the third quarter of 2024, as the importer fears an unfavourable US trade policy. …
VLCC owners have been experiencing the effects of China’s energy transition this summer, coupled with the usual seasonal weakness, experts say. Changing energy consumption and reduced oil demand are
Open hatch dry bulk owner Gearbulk has extended its newbuilding orderbook with a deal for two 82,300 dwt vessels. The pair will be built at CSSC Huangpu Wenchong Longxue yard …
Ocean Yield’s charter backlog jumped during the summer after it acquired an interest in an LNG fleet. “The highlight of the quarter was the announced investment into France LNG Shipping …
Gradual gains in the spot market for capesize bulk carriers have helped lift average day rates by 7.5% over the past week. The creeping rise in rates comes on the …
Claus Winter Graugaard of the Maersk Mc-Kinney Moller Center for Zero Carbon Shipping died from a sudden illness on 30 July. He was 51 years old. “Claus was widely recognised …
Shares of Israeli liner company Zim soared nearly 20% in pre-market trading on Monday as the New York-listed operator crushed analyst earnings expectations and nearly doubled its Ebitda guidance for …
Denmark’s Cadeler has refinanced loans for two vessels and extended another facility. The deals “underscore the robust support that Cadeler continues to enjoy from its banking partners and their conf
Six more panamax bulk carriers joined the Bluepool Panamax vessel pool in July, taking its vessel count to 17. Singapore-based MSPL Diamond, part of Indian conglomerate Baldota Group, has brought …
Japanese shipping giant NYK has opted for low-carbon methanol to fuel its bulk carrier for the first time. Its bulker arm NYK Bulk & Projects Carriers has chartered one newbuilding …
