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The US Justice Department has secured indictments against two Iranians and a Pakistani who are accused of charges related to smuggling weapons used in Houthi attacks on shipping. The charges …
LNG’s return to dominance as the main alternative fuel for newbuilding vessels puts the spotlight on its greener versions — particularly liquefied biomethane. Also known as bio-LNG, liquefied biometh
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 …
Clarksons Securities has maintained its positive view on US tanker owner International Seaways after the share price quickly fell back to a “significant” discount to net asset value (NAV). The …
Santos Brasil’s quarterly earnings surged, primarily due to its container and general cargo terminals moving higher volumes compared to a year ago. The Sao Paulo-based owner of terminals reported BRL
Analysts believe strong shipping markets will ensure Euronav’s massive newbuilding programme is fully funded. The Belgian shipowner, which is gearing up to be rebranded CMB-Tech said in its second qu
New Fortress Energy witnessed a major profit decline on the back of its delayed offshore project Fast LNG in Mexico. The US-listed company, reported net loss of $86.9m for the …
Shipping bank DNB has supported Pangaea Logistics Solutions’ fleet-renewal plan with a $50m bilateral refinancing, the Rhode Island-based shipowner said on Friday. The upsized loan was instrumental i
Borealis Maritime’s Aurora Offshore venture has sealed a deal to operate two platform supply vessels (PSVs) for Greek tycoon Evangelos Marinakis. The initial full management contracts could lead to m
Tonnage provider Seaspan Corp has revealed a major new splash on boxships after staying away from shipyards for three years. A securities filing by parent Atlas Corp details the ordering …
Fresh from placing a landmark order for the world’s biggest cement carrier, Nova Marine Carriers upped the ante in its fleet modernisation. The Ticino, Switzerland-based company said in a statement …
Cypriot owner Castor Maritime has amassed a huge amount of cash on its balance sheet as it eyes new vessel markets. The Nasdaq-listed bulker and container ship company said cash …
In this week's episode of Wavelength: Hoegh Autoliners chairman and major shareholder Leif O Hoegh talks about the decision to go big and early with newbuildings. We delve into the …
Okeanis Eco Tankers (OET) revealed on Friday that it has converted half its VLCC fleet into clean product tankers described as ‘LR4’ tankers to capture higher earnings in one-off spot …
In recent months, many observers have been celebrating the death of the environmental, social and governance (ESG) agenda. And indeed, for those who want to use it as a quick …
Danish liner giant AP Moller-Maersk has been upgraded at the end of a turbulent week for global stock markets. The share price has fallen to levels where there is more …
Alberta Shipmanagement has emerged with a post-panamax pair sold as part of CLdN’s Cobelfret sale campaign amid rising bulker values. Two former Cobelfret vessels that were reported sold by brokers …
In recent months many have been grandstanding about the death of the environmental, social and governance (ESG) agenda. And indeed for those who wish to use it as a quick …
A Yang Ming post-panamax container ship has exploded in the Chinese port of Ningbo. Dramatic footage caught the moment 6,589 teu YM Mobility (built 2021) blew up in the port …
Eswatini-flagged vessels are no longer welcome in Emirati ports — and they may not even be welcome in the small, landlocked African country, either. According to a circular published this …
