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Greek shipowner Samos Steamship has expanded its orderbook with three newbuildings. It has penned two 180,000-dwt bulker newbuildings at Nihon Shipyard – a commercial alliance between Imabari Shipbui
New York-listed tonnage provider Global Ship Lease (GSL) has slashed its financing cost with a new loan package from three major lenders. The boxship owner said the $300m term loan …
Five crew members from a Vroon tanker suffered minor injuries as their ship sustained “significant” damage after being hit by a German bulker in France. The French Atlantic maritime authority …
Wan Hai Lines, which registered a huge improvement in profit for the first half of this year, is splashing out around $2bn in new dual-fuel container ships. In a deal …
Norden could flip a raft of vessels for profit in the months ahead to help buoy its bottom line after six months of cash burn from its operated fleet of …
Two more attacks have been reported on shipping in the Red Sea overnight, according to the UK Maritime Trade Operations body (UKMTO). In the first attack — incident 107 — …
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 major Pertamina. …
India’s Great Eastern Shipping has taken advantage of government incentives to set up a new chartering operation in the country’s first purpose-built “smart city”. The country's largest private owner
Bosses at India’s Great Eastern Shipping are content to keep operating most of its capacity spot in generally positive markets. The tanker and bulker owner’s chief financial officer G Shivakumar …
DHT Holdings reported a dip in second-quarter profit as the New York-listed tanker owner felt China’s downward pull on VLCC rates. The company reported a profit of $44.5m for the …
Arab Maritime Petroleum Transport Co (AMPTC) is expanding its presence in the gas carrier sector with an order of two midsize LPG carriers. The Cairo-based company is said to have …
The International Chamber of Shipping has called on countries to “bite the bullet” as it reveals its updated proposal for market measures to help curb shipping’s CO 2 emissions. Working …
A US judge has approved arrest warrants for two Iranian citizens indicted by a federal grand jury on allegations that they owned a vessel used to smuggle weapons parts used …
Oslo-based bulker operator and Belships subsidiary Lighthouse Navigation has been renamed Norwegian Bulk Carriers, following a splitting up of the business earlier this year. Supramax and ultramax ow
US-listed Pyxis Tankers has reported rising profit on the back of strong chartering markets in both segments it is active. The Valentios ‘Eddie’ Valentis-led company reported net income attributable
Fast growing Saudi Arabian container shipping newcomer Folk Maritime is making a move into ship ownership. The company is backed by the Saudi Arabian-based Public Investment Fund (PIL) and has …
Five crew members from a Vroon tanker suffered minor injuries when their vessel was hit by a German bulker in France. The French Atlantic maritime authority said that the accident …
London-based Navigator Holdings has arranged new financing to buy back a liquid ethylene gas (LEG) carrier from a sale and leaseback deal at a very attractive place. The New York-listed …
After unwinding a brief July spike, VLCC spot rates are hovering just above their lowest level in months, as they slog through their summer slow season. But if seasonal trends …
Shipping giants Maersk and Schoeller-controlled Columbia Group have joined forces to invest in a secondhand VLCC from a reputable Japanese yard. According to two market sources, speaking on condition
