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When European Commission president Ursula von der Leyen stood before European Union lawmakers and successfully made the case for a second term, she struck a different tone on the Green …
Teekay Tankers chief executive Kevin Mackay said the company plans to deploy capital to renew its fleet after ending a lengthy hiatus as a vessel buyer. But he said the …
Commodities and shipowning group Vitol has struck a deal to buy Singapore-headquartered rival Noble Resources Trading. The takeover is intended to expand the Swiss trader’s coal business, but Noble a
A senior official at Italy’s economy ministry has been picked to become the new chairman of Italian shipbuilding giant Fincantieri. Biagio Mazzotta, who has been Italy’s state accountant general, rep
K Line has seen first-quarter net profit almost double compared to a year ago and anticipates an even better performance in the next quarter. Net income for the April to …
Sweden’s Donsotank has added to its series of dual-fuel product and chemical tankers with a newbuilding booked at China’s Wuhu Shipyard. The company said it will a 22,500-dwt ship will …
The combined free reserves of the 12 International Group of P&I Clubs have hit an all-time high of $5.7bn after a bumper year of investment returns, according to a review …
Five former Glencore oil traders have been charged in the UK in connection with a West African bribery case. The UK's Serious Fraud Office (SFO) said Alex Beard, Andrew Gibson, …
World Maritime University believes education is the key to championing the common standards that bind the diverse maritime industry. “Standards and conventions don’t operate by themselves. People hav
Singapore’s Seatrium has posted its first profit since its creation following the merger of Sembcorp Marine and Keppel Offshore & Marine last year. The offshore and marine giant reported interim …
Hawaii’s Matson reported a jump in second-quarter profits thanks to strong container freight rates on its China services. The liner operator and container ship owner said it earned net income …
Energy major Shell is upbeat on the prospects for LNG and is slowly growing its portfolio. Answering analysts’ question in a second-quarter results briefing, chief executive Wael Sawan said he …
Star Bulk Carriers of Greece has, as expected, elected to redeem a $69m obligation in convertible notes that was inherited from acquired Eagle Bulk Shipping by paying off the debt’s …
Teekay Tankers chief executive Kevin Mackay said the company plans to deploy capital to renew its fleet after ending a lengthy hiatus as a vessel buyer. But he said the …
A BP shipping executive has taken the helm at the Oil Companies International Marine Forum (OCIMF), an energy industry group focused on shipping safety, as it prepares to roll out …
Shares of Dorian LPG slid about 2% on Thursday despite a significant earnings beat, as the Connecticut-based gas carrier owner guided to weaker results for the current quarter. The stock …
Uniper has begun using bio-LNG production capacity at Rotterdam’s Gate terminal to produce the fuel for shipping and road transport. The German energy company said the move makes it the …
A Malaysian team boarded a fire-hit Hafnia tanker as part of an investigation into a collision with a VLCC in the South China Sea, the company confirmed on Thursday. The …
Diana Shipping is staying positive regardless of its negative financial results so far in 2024. The Athens-based company, whose fleet employment strategy is focused on period charters rather than the
Amid no signs of conflict easing in the Middle East, AP Moller-Maersk has increased its profit guidance for the year. The liner giant expects its free cash flow to reach …
