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The US has sanctioned three United Arab Emirates-based ship managers and 11 vessels in a move aimed at Iran’s nuclear programme. The US State Department said a tanker from each …
Shipowner George Economou is giving Performance Shipping investors more time to accept a takeover offer as his holding rises. The tycoon’s Sphinx Investment Corp has extended the stock tender to …
Shipowners will be scrambling to grab a piece of Egypt’s record LNG import tender. Trading sources told Reuters the government has awarded deals for 20 cargoes between now and September …
DNV head of maritime Knut Orbeck-Nilssen says the decarbonisation of shipping is slowing, leading to a growing gap between policymakers’ expectations and what the industry can deliver. He cited the …
Paratus Energy Services rose as much as 16% to NOK 60 per share on its first trading day in Oslo. The market capitalisation of the John Fredriksen-backed offshore company reached …
Mitsui OSK Lines’ venture capital arm has made a “strategic investment” in a US company developing Wing-In-Ground (WIG) effect craft. The unspecified investment has been made in Regent Craft which …
Albemarle Shipping Fund has enjoyed a recovery in the shipping space over the past few years. “Shipping cycles like this come along infrequently. When they do you have to grab …
Mitsui OSK Lines’ venture capital arm has made a “strategic investment” in a US company developing Wing-In-Ground (WIG) effect craft. The unspecified investment has been made in Regent Craft which …
The opening of Singapore's new giant Tuas Port is a boon for the country but it also presents an enormous challenge to The Mission to Seafarers Singapore. Tuas Port is …
China Merchants Energy Transportation (CMES) has expanded its orderbook with two more newcastlemax bulker newbuildings, lifting its spending for the ship type to $752.5m. The Chinese shipping giant a
US-listed Dynagas LNG Partners has fully paid off $675m worth of debt after completing a sale and leaseback deal on four of its six LNG carriers. In a first quarter …
Francois Cadiou is stepping down as board chairman of BRS Group, it was announced on Thursday. The former CEO will continue with the shop as managing director of BRS Paris, …
Things might not be going the way of VLCC owners at the moment, but all they have to do is hold on till the end of summer. Despite slumping rates …
Increased LNG carrier traffic is driving heavy fuel oil use in the Arctic despite a limited ban on the use and carriage of the dirtiest marine fuel in the region …
VLGC spot rates have stabilised after a “minor correction”, brokers and analysts say, with inefficiencies keeping earnings healthy. Clarksons Securities pegged average levels at $44,900 per day on We
Cruise ship owner Crystal is planning to order up to three vessels with Italian shipbuilder Fincantieri in a deal that could be worth up to €2bn ($2.1bn). The two companies …
Wallenius Wilhelmsen has added $195m to its backlog, kicking off a busy second half for contract renewals. The world’s largest car carrier operator said on Thursday that the deal with …
The Panama Canal is boosting the number of daily crossings once again as drought restrictions ease. The waterway, celebrating eight years since its massive neo-panamax lock expansion, has also increa
Germany’s D Oltmann Reederei is handing management of its growing container ship fleet to Offen Group. The Bremen-based owner is shifting management of eight large boxships to the Hamburg-based conta
Francois Cadiou stepped down as president of shipbroking group BRS on Wednesday after 34 years at the firm. He will be succeeded as president of the BRS International holding company …
