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All five remaining staff and directors at UK operator Graig Shipping have been made redundant, TradeWinds has been told. The Cardiff-headquartered company said last week it was winding down operation
Muted fleet growth and a low orderbook has helped buoy segments across shipping, but nobody has had it better than offshore. According to figures from Clarksons, the global fleet grew …
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 …
Greece’s Top Ships is seeking vessel acquisitions. The Nasdaq-listed tanker owner said net profit in the six months to 30 June was $1.9m, against $5.8m in the same period of …
Quick action by Sri Lankan authorities has prevented a major incident following a fire on an MSC Mediterranean Shipping Company boxship at the port of Colombo. The 2,826-teu MSC CapeTown …
Now is the time to build up exposure to shipping shares after recent plunges in global stock markets, leading analysts have said. Shipping stocks endured “significant volatility” last week, Clarksons
Greek bulker and tanker player Niovis Shipping has inked two ultramax newbuildings at Oshima Shipbuilding. Niovis revealed on the fleet list that it has a pair of 64,000-dwt ships under …
Shipping bank DNB has supported Pangaea Logistics Solutions’ fleet renewal plan with a $50m bilateral refinancing, the shipowner said on Friday. The upsized loan was instrumental in Pangaea’s buy of
A key indicator of spot market strength for very large gas carriers has touched a six-month low amid a quiet market on benchmark trades, even as freight forward agreements injected …
Ukraine is to tender for a manager to operate a seized Russian bulker trapped in the port of Chornomorsk since the 2022 invasion. The Asset Recovery and Management Agency (ARMA) …
A second shadow LNG carrier loaded at Russia’s sanctioned Arctic LNG 2 project during the weekend in advance of the arrival of gravity-based structure number two (GBS2) for the new …
United Maritime does not plan to move further away from its mainstream shipping focus after a move to diversify into the offshore vessel sector, chief executive Stamatis Tsantanis told TradeWinds. …
Norway’s NRP Project Finance distributed about $39m in cash to its investors in the first half of the year. The project finance portfolio had a return of 13% during the …
Quick action by Sri Lankan authorities has prevented a major incident following a fire on a Mediterranean Shipping Co (MSC) boxship at the port of Colombo. The 2,826-teu MSC CapeTown …
The container that exploded in dramatic fashion on board a Yang Ming Marine Transport container ship on 9 August contained lithium batteries and other dangerous substances, China Central Television (C
State-owned Shipping Corporation of India (SCI) has seen its share price soar after posting better earnings figures. The Mumbai-listed owner increased 12% in value on Monday as net profit jumped …
Greece’s Top Ships is actively seeking vessel acquisitions as earnings increase. The Nasdaq-listed tanker owner said net profit in the six months to 30 June was $5.8m, against $1.9m in …
China Merchants Energy Shipping (CMES) is adding 10 tanker newbuildings as part of its “100-ship” newbuilding order plan. The latest newbuilding contract brings the company’s spending on new tonnage
Disney Cruise Line is ordering another four cruise ships that will be delivered between 2027 and 2031. The US-based entertainment and leisure giant said on Saturday that the newbuildings are …
Cosco Shipping Holdings (CSH) and Orient Overseas International Ltd (OOIL) still offer investors the potential for good returns despite the recent weakness in freight rates, says a top local analyst.
