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Italy’s d’Amico International Shipping (DIS) has snapped up a chartered-in product tanker at a hefty discount. The Milan-listed owner said it had exercised a purchase option on the 50,000-dwt Crimson
Owners are being spurred to order more and more newbuildings by strong cash flows in healthy markets, Greece’s Xclusiv Shipbrokers believes. The Athens shop also said the need for fleet …
Greek bulker operator Pioneer Marine has boosted its fleet with the purchase of a Chinese-controlled bulker. The company told TradeWinds that the Chinese-built 56,400-dwt V Rich (built 2014) was deli
High cost and lack of infrastructure are the biggest drags on the uptake of low-carbon fuels, according to a survey by law firm Reed Smith. The UK company asked 47 …
Hoegh Autoliners has inked a new contract worth at least $100m. The Oslo-listed car carrier owner said on Thursday that the deal, with a “major international car producer” and one …
A commercial ship has reported being struck by “sea drones” in the southern Red Sea, according to maritime security firms. Diaplous Group said the alert from the vessel was transmitted …
Egypt aims to import $1.18bn of fuel oil and natural gas in a bid to end power cuts. Prime minister Mostafa Madbouly told the nation on television that the shipments …
The Cypriot flag is growing again, according to the country’s deputy minister for shipping. Marina Hadjimanolis told the International Business Day conference that figures for the first half of 2024
A general cargo ship has sunk off Indonesia following a fire which injured a seafarer on board The country’s ministry of transport said in a statement that the blaze broke …
Athens-based Aerio Shipmanagement cashes in on one of the MR tankers it acquired at depressed prices three years ago to reinvest the proceeds in fresh tonnage. “I believe this market …
Africa’s biggest oil refinery, Dangote, was hit by fire on Wednesday, but the Nigerian plant insisted operations were unaffected. Footage of flames and black smoke billowing from the new $20bn …
MSC Mediterranean Shipping Company’s $700m takeover offer for Gram Car Carriers has received acceptances of 27.1m shares. That represents approximately 93.56% of the issued share capital of Gram Car
German chemical tanker company John T Essberger is in shipyard talks for an order of up to 10 methanol dual-fuel chemical tanker newbuildings. Chief executive Sven Schwarz said the Hamburg-based …
China Development Bank Financial Leasing (CDBFL) has opted to sell a panamax bulk carrier coming off a bareboat charter to Hong Kong-headquartered BG Shipping rather than put it through its …
Fresh allegations of further potential offences by Seatrium in connection with a Brazilian corruption scandal will continue to drag on investor sentiment towards the company, says a local analyst. UO
NYK Line is teaming up with Pertamina International Shipping (PIS) to collaborate in the growing field of liquid carbon dioxide (LCO 2 ) transportation. Under a memorandum of understanding (MoU) …
A rush of vessel orders inked by shipowners before new cyber security rules come into force next month has sparked a supply chain crunch at shipyards. One shipbroker told TradeWinds …
It was just about one year ago to the day that Maxim Group shipping specialist Larry Glassberg got ambushed in a panel appearance at Marine Money Week in New York. …
Evangelos Marinakis has upped his bet on healthier offshore shipping markets with a landmark order in China. TradeWinds is told that the Greek tycoon’s Capital Offshore has ordered four firm …
Dubai’s Adhira Shipping and Logistics (ASL) has clinched a major mining contract following a management buyout in March. The company has been appointed as a logistics contractor by Moonbound Mining …
