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Major shipowner Adnoc Logistics & Services is selling its only small gas carrier as it concentrates on bigger ships. Market sources said the Dubai-based company has obtained $28.5m for the …
An aframax tanker sold by Union Maritime in June has emerged in the fleet of Canada’s Teekay Tankers. The move for the modern ship adds youth to the aframax fleet …
Ardmore Shipping chief executive Anthony Gurnee bade farewell to bank researchers in his final quarterly earnings call on Wednesday, even as the company’s stock was being rewarded by investors. Share
The VLCC spot market has erased the gains made in a brief mid-July spike, with rates moving south in both the Middle East and Atlantic markets. But despite the gloomy …
A downturn in the farming sector has delivered disappointing results for two global agricultural trading powerhouses, despite gains in volume. Archer-Daniels-Midland (ADM) and Bunge witnessed a drop
Norwegian Cruise Line Holdings hiked its outlook for 2024 after scooping up record revenue in a second quarter that beat analyst estimates. The Miami cruise giant said it now expects …
Diana Shipping saw its revenue take a hit as the New York-listed bulker owner reported lower charter rates again, as it had done for the first quarter. The Semiramis Paliou-led …
The master of a capesize bulker involved in a collision with a ship at anchor off Queensland that damaged an LNG bunker tank has appeared in court in Australia. Jin …
Costamare, a US-listed owner and operator of about 160 bulkers and boxships, posted a solid set of quarterly earnings on the back of Red Sea upheaval. Net income at the …
Ardmore Shipping’s second quarter performance outpaced Wall Street expectations as the product tanker market continues to show strength. The New York-listed shipowner reported a $61.8m profit for the
Star Bulk Carriers management, particularly president Hamish Norton, has long discussed the company’s ambition to get bigger to attract large institutional investors who consider a $5bn market capital
Saverys family-controlled CMB.Tech is poised to ink newbuilding contracts for 20 stainless steel tankers worth more than $500m. With the order, CMB.Tech’s small tanker fleet will be tripled to 30 …
An Australian court has charged the master of a capesize bulk carrier involved in a collision with an at-anchor ship off Queensland that damaged an LNG bunker tank. Jim Woo …
John Fredriksen’s Seatankers Management is said to have extended a VLCC newbuilding series at Dalian Shipbuilding Industry Co (DSIC) with the addition of two extra vessels. Shipbuilding sources said
The UK’s sanctions regulator is suffering from a persistent skills shortage with experts lured to the private sector with the prospects of better pay, according to a new report. The …
Japan’s Ocean Network Express (ONE) has massively hiked its profit guidance on the back of an unexpectedly strong quarter. Net profit is expected to hit $2.75bn for the financial year …
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 …
Cruise ship newbuilding contracting is at its highest level since before the Covid-19 pandemic as the sector’s major players book new vessels deeper into the future. And with five months …
Safe Bulkers has only placed orders for kamsarmax bulkers in recent years, so might it be time to book a capesize newbuilding? No chance. Chief executive Polys Hajioannou said that …
Pan Ocean has bought a large, secondhand bulker as it continues expanding its footprint in the dry cargo market, where it has already been chartering dozens of vessels. The major …
