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Sixteen seafarers on board a product tanker are missing after the vessel capsized off Oman, the country’s maritime security centre said. The 7,056-dwt Prestige Falcon (built 2007) was reported on …
Maersk and the government of Bahrain are working on creating a ship recycling facility in the gulf region. Bahrain’s ministries of Transportation and Telecommunications and of Industry and Commerce w
CIMAC, the International Council on Combustion Engines, has been granted permission to attend committee meetings at the International Maritime Organization. Having consultative status at the IMO mean
Lars Peder Solstad is unfazed by a return of construction support vessel newbuildings. The Solstad Offshore chief executive said it is “quite natural” to see owners ordering new ships given …
A sharp increase in drug seizures has been reported at Mexico’s west coast ports with caches discovered inside containers and vessels’ sea chests, said protection and indemnity club NorthStandard. Th
Sixteen seafarers on board a product tanker are missing after the vessel capsized off Oman, the country’s maritime security centre said. The 7,056-dwt Prestige Falcon (built 2007) was reported on …
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CIMAC, the International Council on Combustion Engines, has been granted permission to attend committee meetings at the International Maritime Organization. Having consultative status at the IMO mean
A Houthi claim to have targeted a ship in the eastern Mediterranean has been dismissed by the named vessel’s Cyprus-based manager. The militant group said it had attacked the 6,400-dwt …
Seacon Shipping is shipping out one of its older supramax bulkers as it looks to recycle capital for its extensive newbuilding push. The Hong Kong-listed shipowner has confirmed the sale …
South Korean liner giant HMM has taken its first steps to expand its dry cargo fleet under an ambitious plan announced earlier this year following its failed privatisation. TradeWinds reported …
Shipbroker SSY is turning an experienced shipping executive into a shipbroker in its latest expansion move. The London shop said it has recruited tanker chartering specialist Jesper Frohlich as direc
The Solstad companies’ contract backlog is nearing NOK 7bn ($646m) thanks to massive offshore oil investments in Brazil. The duo both posted profitable quarters for the period ending on 30 …
Aage Thoen, a seasoned Norwegian shipowner with more than 40 years in the shipping finance industry, is making strategic moves in the offshore wind and dry bulk markets through his …
SEB’s shipping loan book fell in the first half of the year. The total loans decreased to SEK 48.4bn ($4.6bn) from SEK 50.9bn at the end of 2023, according to …
AMSC belives in a strong offshore energy market going forward. The Oslo-listed maritime investment company participated with NOK 122m ($11m) in Solstad Maritime's private placement in May. “We are p
Tsakos Energy Navigation (TEN) has secured a $245m term loan facility from ABN AMRO Bank and ING Bank. The New York-listed shipowner will use the funds to finance a fleet …
Rio Tinto has given the green light to develop the Simandou high-grade iron ore deposit in Guinea, west Africa. The world’s largest iron ore producer said Tuesday that all conditions …
Singapore-listed Yangzijiang Shipbuilding is expanding its capacity to meet rising newbuilding demand and to build high value-added ships. The Chinese shipyard disclosed that it has signed agreement
The Houthi militant group claimed an attack targetting a tanker in the Mediterranean on a day that saw strikes on two other vessels in the Red Sea. The Yemen-based group’s …
