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Finland’s ESL Shipping is painting a better bulker demand picture for the rest of the year, after logging an earnings increase in the second quarter. The Baltic Sea handysize specialist, …
German liner operator Hapag-Lloyd has logged a sharp drop in interim profits despite higher demand and freight rates spurred by the Red Sea crisis. The Hamburg-based company recorded a profit …
A pipeline fire in Libya has reduced flows of crude to the export terminal of Es Sider in Libya. Firefighting teams extinguished the blaze on Tuesday, but analytics company Kpler …
China’s Yangzijiang Shipbuilding is constructing its first two LNG carriers on speculation after shipping interests linked to the vessels opted not to move forward with the ships. TradeWinds has been
Newcastlemax owner 2020 Bulkers has seen its second qurter bottom line lifted by gains from the sale of a vessel earlier this year. The Oslo-listed owner also revealed a new …
Two crew members have been killed and another seriously injured in an explosion on a platform supply vessel (PSV) off Malaysia. Owner Icon Offshore said the accident occurred on the …
Turkey’s Karpowership plans to set up $1bn of LNG-to-power infrastructure in Mozambique and make this available to the entire South African Power Pool (SAPP). The company said this would feature …
Gothenburg ship insurer The Swedish Club has revealed a “solid start” to 2024, with its vessel and investment portfolio reinforcing its financial position. The Swedish company said there had been …
Just a few days after reportedly selling two of its oldest tankers, Navios Maritime Partners has apparently resumed divesting its vintage bulkers with the sale of a 19-year-old post-panamax. Accordin
Thoresen Thai Agencies (TTA) says its fleet of 22 supramax bulkers outperformed the net time-charter equivalent (TCE) rate for the vessel type by five percent during the second quarter of …
Diana Shipping has entered into a time charter contract with Paralos Shipping for one of its Kamsarmax dry bulk vessels. The charter for the 81,513-dwt Astarte (built 2013) will commence …
John Fredriksen-controlled Flex LNG has secured two new facilities that will refinance an existing $375m bank loan as a weak spot market hit its second quarter income. Announcing second quarter …
Qatar Navigation said a strong performance in the tanker and gas carrier sectors could not offset a drop in revenue in the liner and offshore sectors during the first half …
Lloyd’s Register stalwart Luis Benito has left the classification society he has worked at for 32 years to join Hong Kong-based ship management giant Wallem. Benito has been appointed as …
A brand-new stainless steel chemical tanker owned by Manila-based Seafarers Shipping has languishing under arrest in India’s Deendayal Port for over a week. The 25,300 Eva Fukuoka (built 2024) was …
Disney Cruise Line is ordering four more ships that will be delivered between 2027 and 2031. The US entertainment and leisure giant said on Saturday that the newbuildings are in …
UK authorities have identified a Delta Tankers ship as the target of one of the latest attacks on navigation by Yemen’s Houthi movement. The Royal Navy’s UK Maritime Trade Operations …
Shipowners and managers must strive to adopt realistic environmental technology solutions for their vessels and how they are operated. However, we often see the world working in ways that deliver …
The Aegean Sea has emerged as a new site for ship-to-ship transfers of Russian diesel and gasoil cargoes, as the country’s oil products exports rose in July despite sanctions over …
DHT Holdings is eyeing time charter contracts for some of its VLCC newbuildings having moved up the delivery dates for the vessels this summer. New York-listed DHT is also confident …
