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Shipowner 2020 Bulkers has faith that strong bauxite volumes will continue to cushion the capesize and newcastlemax market from extremely low rates early next year. Chief executive Magnus Halvorsen t
New York and Oslo-listed shipowner Okeanis Eco Tankers (OET) could soon be trading above its underlying value due to its “creative outperformance” of the tanker market, analysts argued. This creativi
Researchers at the Kyiv School of Economics (KSE Institute) have compiled a hit list of shadow fleet tankers they said should be sanctioned for regularly trading Russian oil. The study …
Norway is 119th in the world when it comes to population — but it has the fifth-largest owned merchant fleet globally. So why shouldn’t shipping — one of the pillars …
A US judge has thrown out claims against a security firm in a lawsuit filed by a woman who claimed she was sexually assaulted by a guard on a rap …
Hapag-Lloyd chief executive Rolf Habben Jansen says he is not surprised by the massive wave of container ship newbuilding orders. That is why the German line operator too is looking …
Profit expectations next year are low at Danish owner/operator Norden and this could be enough to boost its stock price, analysts believe. Despite favourable tanker and bulker markets, the company …
Japanese owner Iino Lines has signed up one if its VLCCs for a new greenhouse gas observation project. The idea is for the 312,000-dwt VLCC Fujisan Maru (built 2020) to …
Swiss trader and shipowner Trafigura says immediate action on decarbonisation is more important than ever due to increased emissions from ships plying longer routes around South Africa to avoid Red …
Commodities and vessel chartering giant Cargill has seen revenue take a big hit in its latest financial year. The world’s biggest crop trader’s annual report reveals turnover of $160bn in …
SFL Corp profit jumped in the second quarter as its backlog reached almost $5bn. The John Fredriksen-backed company's net income was $20.6m compared to $16.9m in the second quarter last …
Few people expected the current tsunami of container ship newbuilding orders — but it may be just the start. Shipbroker Braemar has forecast that 600 ships totalling 4.5m teu could …
Western naval forces have struck back against the Houthis following the latest attacks on shipping. In an update, US Central Command said its forces had “successfully destroyed two Iranian-backed Hou
GMZ Ship Management has found a ship to replace a handysize bulker sent by Houthi missiles to the bottom of the Red Sea. The S&P Global data base shows the …
Newly South Korean-stocklisted HD Hyundai Marine Solution has secured its first job to convert a 20-year-old LNG carrier believed to be controlled by Norway’s Knutsen OAS Shipping into a floating …
Indonesian tanker owner Patria Nusasegara looks set to make a lucrative asset play on a VLCC that is believed to be coming off a charter to state-owned oil company Pertamina. …
The car carrier market is shifting from a period of skyrocketing rates to stability and Hoegh Autoliners is looking to capitalise. The Oslo-based shipowner’s chief executive Andreas Enger said the …
Greece is expected to see operations kick-off in October for its first floating storage and regasification unit after technical issues delayed the start-up. Bulgarian energy minister Vladimir Malinov
Bergen-based Spar Shipping has bought a newly delivered ultramax bulker, after having sold an older unit last month. Brokers report that the bulker owner has bought the brand-new, 63,550-dwt Century
Regional Container Lines (RCL) saw profits rebound in the second quarter of the year. The Thai-listed company logged net profits of THB 1.14bn ($33m) in the three months to the …
