10000 results
South Korea’s Sinokor Merchant Marine is expected to become a shareholder in Torm after the company was identified in the market as the owner of a fleet of MR tankers …
Orient Overseas Container Line (OOCL) saw its revenue jump 14.4% in the second quarter, helped by a big climb in revenues from the transpacific. OOCL’s Hong Kong-listed parent said in …
Houthi forces used unmanned craft to attack a second vessel in the Red Sea on Monday. Maritime security firm Diaplous reported that a small fishing boat that was likely remote-controlled …
A boost for VLCC demand has moved a step closer after work began on a new crude pipeline in Argentina. State producer YPF is spending $2.5bn on the pipeline to …
Increasing numbers of crude tankers are carrying clean products as traders seek a freight rate advantage. S&P Global Commodity Insights tallied 151 dirty vessels involved in product trades as of …
New York-listed Genco Shipping & Trading is well set to pounce on acquisition opportunities while continuing to pay out dividends, analysts believe. Fearnley Securities said the bulker company’s low
CMA CGM is paying top dollar for a short-term charter of a neopanamax newbuilding from South Korea's Sinokor Merchant Marine. The French liner giant has fixed the 8,030-teu Melbourne Bridge …
Two Greek companies have concluded highly lucrative sales of MR product tankers. Both owners purchased the ships before the Ukraine war and have held them since amid steadily rising asset …
Brothers Nicolaus and Friedrich Bunnemann have hit the sweet spot in container, tanker and car carrier markets — now they are betting on dry bulk markets. That is the culmination …
A ship has been attacked by a series of craft — both manned and unmanned — in the southern Red Sea. The master of a merchant vessel reported the attack …
Greek shipowner George Procopiou’s dry bulk company Sea Traders is shifting from kamsarmax to ultramax bulker newbuildings. Its latest order brings Sea Traders’ total spending on bulk carrier newbuil
Shipowners are awaiting more tanker deals from the UK after Swiss trader Gunvor booked two tankers to take North Sea Forties crude to Asia. Gunvor subsidiary Clearlake Shipping fixed South …
The Federal Maritime Commission (FMC) is seeking more information from Hapag-Lloyd and AP Moller-Maersk before giving the green light to their new shipping alliance. The US maritime watchdog said it
The threat of stowaways continues even outside of ports with new cases of people getting on board vessels at anchorages in West Africa, according to a security company. Fifteen stowaways …
Shipping could rack up €1.35bn ($1.46bn) of penalties in 2025 under the incoming FuelEU Maritime regulations, with a potential new market emerging for the sale and purchase of surplus energy …
The biggest Nordic bank saw its shipping loan book shrink in the first half of the year. Nordea’s loans to the sector dropped to €4.2bn ($4.6bn) from €4.7bn at the …
Danish giant AP Moller-Maersk has taken its burgeoning interest in LNG as a marine fuel to the next level. It has an enquiry to shipyards for a string of container …
Major expansion of gas projects in the next few years will help soak up a massive LNG carrier newbuilding programme, Clarksons Research believes. “While a period of softer markets has …
Greek owner Eastern Mediterranean Maritime (Eastmed) has found a buyer for a 27-year-old ship that will continue trading for some time. Data banks including S&P Global are already listing the …
Bangkok-based Precious Shipping is said to be lining up a deal to buy four handymax bulkers from Nisshin Shipping of Japan. The Khalid Hashim-led shipowner is understood to be paying …
