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Oman’s Asyad Shipping Co is being named as the company behind a four-ship VLCC order at Hanwha Ocean worth around $520m. The South Korean shipbuilder announced in a regulatory filing …
Where is the container market headed? It depends on what happens in the second half of this year — but there remain opportunities for tonnage providers, MPC Container Ships chief …
Wilhelmsen Ship Management has signed a deal with Beijing-headquartered Huayang Maritime Center (HMC) to cooperate on ship management services across China’s tanker, gas carrier, car carrier and cruis
The whereabouts of the captain of an Iranian-flagged VLCC are unknown after he failed to turn up to his trial in Indonesia. Mahmoud Abdelaziz Mohamed Hatiba, 43, from Egypt, was …
Japanese giant Mitsui OSK Lines (MOL) has inked what it says is the country’s first operating lease with sustainability-linked repayment levels. The group said MOL Chemical Tankers has financed the …
Shipowner and supplier Avenir LNG is being named as having agreed to charter one of its two freshly contracted LNG bunker vessel newbuildings to trader Vitol. Bunker brokers indicated that …
Owners of smaller boxships — long the Cinderella of the container ship market — are cashing in on a big rise in vessel values. A flurry of ship sales involving …
MSC Mediterranean Shipping Co is to launch a compulsory offer for the rest of Gram Car Carriers (GCC). Its $700m takeover offer closed on Monday with the giant Swiss container …
Australia’s Wellard is down to its last ship after striking a lucrative deal for a veteran livestock carrier. The Sydney-listed company said it had agreed a binding contract to sell …
Maersk chief executive Vincent Clerc says the company’s calls for international governments to beef up security in the Red Sea region have so far proved “unsuccessful”. He said that businesses …
Chief financial officer Tord Helland has given notice of his intention to resign from Stockholm-listed Viking Supply ships to take another position outside the company, Viking said in an exchange …
Private Norwegian owner Wilson has firmed up a deal for eight more bulkers in India. The Kristian Eidesvik-controlled mini-bulker specialist has declared options for 6,300-dwt vessels to be delivered
The second half of 2024 has begun with average capesize spot rates rising by 10% in a day, breaking through the $30,000-per-day level. The sudden pop in average spot rates …
Singapore-based bulker operator Centurion Bulk has bought Danish rival Integrity Bulk with the aim of expanding further within the handysize segment. Both companies specialise in operating bulk carri
South Korea’s Hanwha Ocean has brought in Bram Van Cann as head of engineering and offshore business. He joins the shipbuilder from offshore wind energy company Ocean Winds, where he …
The proportion of ships detained after inspections by European port authorities fell from a 10-year high in 2023 but familiar failings continued, according to a new report. Fire safety, electrical …
Tanker asset values are holding at elevated levels despite weaker spot rates in some sectors, according to BRS Group. This is because owners are holding on to ships as period …
Singapore-based bulker operator Centurion Bulk has bought Danish rival Integrity Bulk. Both companies specialise operating bulk carriers from handysize to up ultramax. It is hoped that the transacti
The $163m deal by Norway’s Gard to buy specialist Danish offshore insurer Codan rebuilds an energy portfolio to better cope with global market shocks, chief executive Rolf Thore Roppestad said …
First Citizens Bank has won another bilateral loan with a New York-listed container ship company but apparently lost out on a bigger prize. Even as First Citizens’ Manhattan-based maritime finance …
