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The African Development Bank (ADB) says it has approved a $1bn loan for South Africa’s state port monopoly to help fund its restructuring efforts. The 25-year loan to Transnet SOC …
The British government blacklisted 11 tankers on Thursday as it announced plans for a 44-country European initiative to disrupt the Russian shadow fleet. The 11 — which include two previously …
The US government has taken sanctions action against several ships, individuals and companies in a bid to disrupt shipping and financial support for the Houthi militant group. The move adds …
A new study has raised questions on whether ammonia as a marine fuel is as ‘green’ as its promoters make it out to be. Ammonia fuel has been ranked high …
European Commission President Ursula von der Leyen pledged to create a “European Oceans Pact” as she won re-election to a new term. But her roadmap for the next five years …
BW Product Services’ profit fell in the second quarter. The gas trading division reported an estimated gross profit of about $26m for the second quarter, BW LPG said in a …
Greek bulker owner DryDel Shipping has ordered an ultramax bulk carrier that will be built to an fuel-efficient design in Japan. The shipowner, which is headed by Costas Delaportas and …
A wide circle of Greek shipowners investing in modern bulkers includes a name that has been mainly associated with crude and product carriers. Members of the Peraticos family, founders of …
London-listed shipping fund Tufton Oceanic Assets has handed out a higher dividend payment for the second quarter of 2024. The owner of tankers, bulkers and LPG carriers issued a dividend …
Let’s call this one a win for shipping. Streetwise can report that Deutsche Bank’s in-again, out-again deliberations over what to do with research coverage on public shipowners have arrived at …
In September 2023, and amid great fanfare, European Commission President Ursula von der Leyen officially named the world’s first containership powered by green methanol: AP Moller-Maersk’s Laura Maers
Seafarers could be given vital extra time to prepare for the impact of rogue waves using an artificial intelligence-based system, according to a new study. Researchers in the US used …
South Korea has imposed sanctions on a Hong Kong shipowner and a North Korean vessel over what it claims was an illegal coal cargo transfer. The country’s foreign ministry said …
Shippers of retail goods are moving imports to the US forward in part to brace for a potential shutdown of container ports from Maine to Texas, a supply chain watcher …
Constantin Baack highlighted retrofitting as a “super important” component in container giant MPC’s fleet renewal process. Baack, chief executive of MPC Capital, said during a Capital Link decarbonis
Let’s call this one a win for shipping. Streetwise can report that Deutsche Bank’s in-again, out-again deliberations over what to do with research coverage on public shipowners have arrived at …
Rem Offshore has lined up an order for a fifth commissioning service operations vessel (CSOV). The Fosnavag-based offshore player and Norwegian ship designer Vard announced a deal to build the …
Gram Car Carriers will begin using biofuel on three of its mid-sized car carriers in conjunction with K-Line. The Oslo-based vessel lessor said on Thursday that the 4,200-ceu Viking Ocean …
Greece’s Monte Nero Management is said to be expanding its fleet with bulker and tanker newbuildings. The Athens-based company is estimated to have splashed out about $282m in ordering three …
A Turkish tanker left a UK jetty severely damaged under the control of a tired and ill pilot, an accident report has found. The 11,253-dwt product carrier Ali Ka (built …
