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It seems as though Anthony Gurnee is bowing out with his Ardmore Shipping at the top. Days after the CEO’s surprise retirement announcement, the Ireland-based product tanker owner has emerged …
A double container ship sale involving Gianluigi Aponte is being closely watched amid anticipation it will set a new price benchmark. Kmarin Group is set to sell two panamax container …
NovaAlgoma Cement Carriers has inked an order for what it claims is the world’s largest cement carrier. The deal with a Chinese shipyard is the owner’s first move for methanol-powered …
HD Korea Shipbuilding & Offshore Engineering has added to its vast order pile with two more VLGCs. The vessels will be built for an unnamed Middle Eastern shipowner at the …
Saltchuk Resources has closed its takeover of Overseas Shipholding Group (OSG) after two-thirds of the New York-listed tanker company’s remaining shareholders agreed to hand over their shares. The $9
Tanker disruption is unwinding in the US Gulf after the key port of Corpus Christi re-opened following restrictions imposed as storm Beryl approached. Vessel activity had been reduced on Saturday …
Singapore-based X-Press feeders has begun operating its first methanol-fuelled containership in North Europe. The 1,264 teu Eco Maestro (built 2024) will start operations out of Rotterdam and is the
Evangelos Marinakis is the latest private shipowner to order container ship newbuildings, with a $1.25bn deal. The Greek magnate made his move just days after John Fredriksen and Idan Ofer …
Tanker disruption is unwinding in the US Gulf after the key port of Corpus Christi re-opened following restrictions imposed as storm Beryl approached. Vessel activity had been reduced on Saturday …
China’s Hengli Group is lining up investment of CNY 9.2bn ($1.3bn) in its reborn former STX Dalian shipyard at Changxin Island. The company said on social media platform WeChat that …
Shipping magnate John Fredriksen is sitting on a stake worth $141m in Norway’s DOF Group. The tycoon’s private Geveran Trading subscribed for $30m of the offshore vessel owner’s stock last …
Western Bulk Chartering has bought and sold an ultramax bulk carrier in a deal that will generate a profit of just under $5m. The Oslo-listed operator said it has exercised …
Danish oil and shipping group Monjasa has snapped up two Scandinavian product tankers to meet growing fuel demand in West Africa. The 7,900-dwt Chinese-built Monjasa Hunter (built 2009), formerly the
Attacks on shipping in Asia’s most important strategic waterway were almost cut in half in the first six months of 2024, the latest data shows. A total of 21 incidents …
The Saverys family’s Windcat has completed its newbuilding splash on dual-fuel hydrogen-powered offshore wind vessels by declaring an option at Damen Shipyards. The company, now part of Euronav/CMB.T
Transportation Recovery Fund (TRF) is believed to have sold two more tankers in an active period of disposals from the shipowner. The Norwegian-American private equity fund has sold the 36,700-dwt …
German liner operator Hapag-Lloyd has hiked its profit outlook by up to 60% for the current financial year. Group Ebitda for the full year is forecast in the range of …
Nissen Kaiun will deploy a raft of on-order aframax tanker newbuildings into the fleet of N2 Tankers, a pool-like joint venture between the Japanese shipowning giant and Reederei Nord. The …
In the current market upcycle, competition among shipping lenders is fierce, according to Danske Bank. Shipowners generally make a lot of money and the companies’ balance sheets are more robust. …
London-listed broker Braemar has handed over shares worth around £645,000 ($825,000) to top bosses as part of bonus awards. Chief executive James Gundy received 169,925 shares, with chief operating o
