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The Indian steel sector has been hit by a glut of imported Chinese commercial-grade steel that is being sold at prices that undercut that of re-rolled steel produced from recycled …
A probe has been launched after a Greek tanker suffered hull damage after grounding in the Cayman Islands. Investigators are also examining damage to a reef caused by the 50,000-dwt …
Container ships have been the surprise package so far in shipping’s class of 2024, according to Clarksons Research. The research division of UK shipbroker Clarksons has been running the rule …
Mutual insurer the American Club saw a decline in income from premiums in 2023 after cutting the riskiest ships from its portfolio owing to sanctions and other compliance concerns. Net …
Norway’s Sea1 offshore has clinched refinancings of $89m worth of debt while completing the high-profile sale of nine vessels to a former shareholder in return for stock. The outfit controlled …
Shareholders of Australian-listed offshore energy maintenance contractor MMA Offshore voted overwhelmingly in favour of a takeover bid from Singapore’s Cyan Renewables. A full 92.3% of votes by 65.2%
DNB Markets keeps its negative view on dry bulk shipping. The Norwegian bank has seen “numerous unsustainable demand impulses” in recent months centred on China, according to a new equity …
John Fredriksen-backed SFL Corp is celebrating two decades on the New York Stock Exchange this year, during which time it has rewarded shareholders with $2.7bn in total dividends. “We have …
Trans KA Tanker Management of Turkey is renewing its tanker fleet by ordering a series of MR1 product tankers in China. The shipping arm of Akbasoglu Holdings has penned four …
South Korea’s K Shipbuilding — formerly STX Offshore & Shipbuilding — has landed two newbuilding contracts worth $392m. The Chinhae-based shipyard disclosed that two unidentified companies have order
A new design for a floating ship repair yard has been proposed as a solution to the current lack of yard space and increasing need to retrofit tonnage. South Korea’s …
Norway’s Sea1 offshore has clinched refinancings of $89m worth of debt while completing the high-profile sale of nine vessels to a former shareholder in return for stock. The outfit controlled …
MSC Mediterranean Shipping Company is paying $330m to acquire two 14,000-teu newbuildings slated for delivery next year originally ordered by China's BAL Container Line. The Hong Kong-registered Shan
In this episode of the Wavelength podcast: DOF Group of Norway this week announced a plan to buy fellow offshore supply vessel owner Maersk Supply Service for $1.1bn — could …
Shares of Golar LNG climbed nearly 8% in the first hours of trading on Friday in New York after the Tor Olav Troim-backed company announced it had cut a deal …
Departing E&S Tankers managing director Jan Eghoej feels the time is right to leave the company after 5.5 years. His exit was announced yesterday with Malte Willer taking over the …
Tankers will soon be calling in Ecuador after the country’s 450,000 barrels per day OCP pipeline restarted operations after a 16-day shutdown. Force majeure was implemented last month by Petroecuador
A Golar LNG floating LNG unit is headed to Argentina. The Tor Olav Troim-backed company announced on Friday that it had cut a deal to charter one of its FLNG …
Greek banks that have come to play a major role in their country’s ship financing scene may be able to expand their loans even further after major credit rating agency …
A Turkish general cargo ship has been banned in Europe after breaching the conditions of its release from a port state control detention. The Paris MOU said the 8,400-dwt Hayriye …
