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China Development Bank (CDB) has confirmed that it may consider offloading its leasing arm China Development Bank Financial Leasing (CDB Leasing). Shares in the Hong Kong-listed entity were suspended
A Maran Tankers suezmax is loading Senegal’s first-ever crude export cargo. The Angelicoussis Group company’s 159,000-dwt tanker Maran Poseidon (built 2010) arrived in Dakar on Monday. The vessel wi
Braemar’s top two executives took home less pay in the UK-listed shipbroker’s last financial year as shareholders rebelled against the executive rewards policy in even bigger numbers than last year.
A Maran Tankers suezmax is loading Senegal’s first ever crude export cargo. The Angelicoussis Group company’s 159,000-dwt tanker Maran Poseidon (built 2010) arrived in Dakar on Monday. The vessel wi
Italian shipping and logistics group Fratelli Cosulich logged a sharp decline in profit following two “extraordinary” years. The Genoa-based marine services and shipowning group logged a net profit o
Braemar’s top two executives took home less pay in the UK-listed shipbroker’s last financial year as shareholders rebelled against the executive rewards policy in even bigger numbers than last year.
DOF Group’s $1.1bn acquisition of Maersk Supply Services (MSS) is perfect for timing the market and has been nine months in the making, according to the chief executive. Mons Aase …
It was one of those years when Marine Money Week followed closely after Posidonia in Athens, and this time with the same packed parties and delegate exuberance that tends to …
UK group John Swire & Sons has pledged to acquire more modern ships after selling older tonnage in weaker markets. The 200-year-old parent of Swire Group revealed in accounts filed …
Vitol has revealed that it has ordered two specialist LNG bunker vessels to support its growing LNG bunkering operations. The company also confirmed the charter of an Avenir LNG bunkering …
None of the 18 tankers hit by European Union and UK sanctions last month have since loaded oil cargoes — an early sign of the potential disruptive impact on vessels …
John Fredriksen’s sale and leaseback shipping company has confirmed a “milestone investment” in new LNG dual-fuel container ships costing $1bn. The order for five 16,800-teu neo-panamax units was fir
DOF Group’s $1.1bn takeover of Maersk Supply Service (MSS) will lift the Norwegian owner to another level, one analyst believes. The deal sees 22 high-quality anchor-handling tug supply (AHTS) and …
Maritime charity Stella Maris has launched a new operation in East Africa to support seafarers facing longer time at sea owing to Houthi attacks in the Red Sea. Drone and …
Thanassis Laskaridis-controlled Alimia Group is ramping up its product tanker presence with MR2 newbuildings after making its debut in the sector last year with an order for a single LR2. …
UK shipowner Purus is teaming up with Dutch FPSO company Bluewater to develop a new fleet of clean energy storage vessels. The aim is to provide floating storage and offloading …
The crisis in the Red Sea has pushed the tanker market into uncharted territory. After two years of volatility, both crude and product tankers have reached an “unfamiliar equilibrium” thanks …
Germany’s Schulte Group has established a one-stop shop to meet growing third-party demand from shipowners and ship managers for emissions management. The Hamburg-based ship manager has established d
Broking reports have been rife this week with details of Pusaka Laut’s $68.5m sale of a modern aframax tanker to Eastern Pacific Shipping. However, sources close to Eastern Pacific have …
Container ship start-up Folk Maritime is eyeing vessel buys after bringing in Saudi Arabian shipping giant Bahri in a vessel management deal. The Red Sea feeder line will work with …
