10000 results
Japanese shipowner NYK is offering a middle-aged steam turbine-driven LNG carrier for sale in a market where several older ships are on the sales block. Brokers said the 149,700-cbm Grace …
Daily transits for the Panama Canal are expected to return to normal with 36 from September as drought restrictions ease, the canal’s deputy administrator said. Transits increased from 32 at …
After nearly four years, Wallenius Wilhelmsen chief financial officer Torbjorn Wist is returning to his roots. The world’s largest car carrier operator said on Wednesday that Wist was leaving to …
Tighter container ship supply and demand dynamics caused by the Red Sea crisis helped boost first quarter profit at Mitsui OSK Lines (MOL). The Japanese shipowner reported net income of …
Offshore support vessel owner and operator Bhagwan Marine has completed a rare shipping initial public offering (IPO) in Australia. The company raised AUD 80m ($52.2m) from the sale of 126.9m …
Safe Bulkers has placed orders only for kamsarmax bulkers in recent years, so might it be time to book a capesize newbuilding? No chance. Chief executive Polys Hajioannou said that …
Indonesia’s Wintermar Offshore Marine has entered into an offshore accommodation joint venture with another shipowner. The Jakarta-listed company has formed a 50-50 joint venture with Rajawali Perak
A claims office has been opened in Singapore to compensate victims of Singapore’s worst oil spill in more than a decade following a collision involving a bunker tanker. The 29,900-gt …
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 …
The analysts almost had him. Irrepressible Scorpio Tankers president Robert Bugbee found himself mouthing the word “weaker’ in reference to current spot rates in the product tanker market before he …
Cool Carriers’ oldest vessel is reportedly heading to the breakers, leaving Swiss outfit Maestro Shipping fleetless. According to GMS, the 14,500-dwt reefer Ice Runner (built 1984) was sold for $615
The last time IMS SA wanted to get rid of a vintage MR2 tanker was about two-and-half years ago and the Greek shipping company controlled by Marios Gialozoglou saw no …
Container shipping stocks have plummeted amid fears the market has peaked. While liner companies are set to post strong financial results, helped by Red Sea diversions, peak season rates have …
Fincantieri said its newbuilding order intake more than tripled in the first half of the year as it lifted its guidance for financial leverage. The Italian shipbuilder, a major player …
Mozambique has emerged victorious in a $2bn corruption case after a huge fundraising project for a series of maritime projects was plagued by kickbacks and secret deals. A judge in …
When Sam Norton took the helm of Overseas Shipholding Group in 2016, the company had exited bankruptcy and spun off the international-flagged tanker fleet that represented most of its business. …
Scorpio Tankers has expanded its stock buyback programme to $400m after beating analyst earnings expectations for the past quarter. The New York-listed product tanker giant has made share repurchases
Finnlines’ revenue grew year-over-year, but various expenses dragged the bottom line down. The Grimaldi Group subsidiary brought in €358m ($388m) in revenue in the first six months of 2024, up …
Leading maritime investment firm Hayfin Capital Management has gained financial backing to complete a management buyout. Hayfin, whose maritime department is led by Andreas Povlsen, remains one of th
The European Commission has revealed a new platform designed to improve access to financing for the shipping sector and the wider maritime industry. The Ship Financing Portal, launched by the …
