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A major Canadian investment fund has emerged as a key backer for the private equity-backed takeover of Australia’s MMA Offshore. Alberta Investment Management Corporation (AIMCo) was named as one of
Cido Shipping is expanding and renewing its fleet with a flurry of newbuilding deals worth close to $2.7bn, sources say. Its haul, secured during the last four months, runs to …
Norwegian Car Carriers (NOCC) has added a third LNG-fuelled car carrier to its orderbook at CIMC Raffles Offshore Engineering Olave Sollie, chief executive of the Oslo-headquartered shipowner, reveal
Greek tanker owner Top Ships has branched out into a new charter market: luxury yachts. The US-listed owner of eight modern crude and product vessels said a wholly owned subsidiary …
SFL Corp shares plunged on the New York Stock Exchange on Wednesday morning, leading laggards in a downward mark for shipping stocks after it raised new cash in a secondary …
Mining giant Rio Tino has added a new LNG dual-fuelled vessel to its chartered fleet. The Mount Ossa was christened in Jiangsu, China, on Tuesday, chartered from Singapore-based Eastern Pacific …
Industry body the Society for International Gas Tanker & Terminal Operators has started a search for a new chief executive and general manager after existing GM Ian Revell opted to …
Dorian LPG has decided to hand $42.6m in cash to its shareholders as the Connecticut gas carrier owner gave a sneak peek of its quarterly earnings showing revenue growth. The …
Hong Kong has become vital to Russia’s efforts to evade sanctions by providing a “safe haven” for blacklisted shipowners to operate beyond the reach of Western regulators, according to a …
Japan is planning radical measures to increase the availability of jet fuel amid a shortage. Vessels could be converted into product tankers and a new clean carrier could be ordered, …
VLCC spot rates have hit the highest level in six weeks following a flurry of activity in both the Middle East and West Africa. Latest VLCC rates are up 61% …
US-listed Navigator Holdings and Malaysia’s Bumi Armada have agreed to work on a potential carbon shipping project in the UK for Uniper. The international energy company wants the shipowners’ joint …
A new project to increase LPG shipments into Colombia looks set to boost VLGC demand. Toronto-listed Frontera Energy and Chile’s Empresas Gasco are teaming up to establish a new import …
Oldendorff Carriers has sold another two bulk carriers, bringing its total number of vessels sold this year to 14. The transactions show that the German owner-operator is continuing its clearout …
Chinese buying is sustaining the secondhand market for elderly capesize bulkers. No less than four big bulkers aged between 14 and 18 years have been reportedly bought by Chinese investors, …
The container shipping fleet is growing at is fastest pace in 15 years amid an ongoing rejig of the liner shipping top-ten. Capacity of the boxship fleet grew by 11% …
A light sheen of oil has been seen leaking from the damaged engine room of the Hafnia product tanker involved in a collision with a Chinese-controlled VLCC, the Danish tanker …
Low-profile London owner Unity Maritime has added to its fleet with a deal to buy a modern Japanese-built handysize bulker. The company, owned by Danny Ungar, said it has welcomed …
Generations of Irish people have historically upped sticks for a better life in the US. At Ardmore, a former New York broker and an ex-Wall Street player have done the …
US-listed New Fortress Energy expects to deliver a first cargo next month from its newly started-up 1.4 million tonne per annum offshore liquefaction project ‘Fast LNG’ off Altamira, Mexico. “Now …
