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Tsakos Energy Navigation, a US-listed owner of more than 70 vessels in the water or under construction, revealed a bold, fresh newbuilding move on Thursday. As part of its first-quarter …
Despite initial reports that it was sinking, a Ukrainian-owned ship that was evacuated and burning after a Houthi attack in the Gulf of Aden last week remains afloat. “As per …
Expanding Greek bulker company DryDel Shipping has joined the selling side of the S&P fence for a change, with a deal for a modern ultramax. The Costas Delaportas-led outfit previously …
Vincent Clerc believes shareholders and analysts will soon see the clear benefits of AP Moller-Maersk’s pivot towards becoming a fully integrated logistics provider. The giant Danish group has been s
Ship-owning circles are aghast at the latest escalation in hostilities by the Houthis rebels who have been attacking ships in the Red Sea and beyond for more than six months. …
Korea's Hanwha Ocean and Hanwha Systems have agreed to buy Philly Shipyard. Oslo-listed Philly Shipyard ASA has entered into a share purchase agreement with both Hanwha Systems and Hanwha Ocean, …
Norwegian state enterprise Enova has pumped NOK 1.2bn ($114m) into ammonia and hydrogen shipping in its largest outlay ever in the maritime transport sector. The awards were announced at a …
Paratus Energy Services has launched a private placement of new shares in connection with its listing in Oslo. The offer shares will be offered at a fixed price of the …
The European Union has backed a new set of sanctions that target Russia’s shadow fleet and transshipments of LNG, according to senior officials and reports on Thursday. European Commission President
Chemical tanker consolidation will continue, according to analysts at Veson Nautical, but the merger-and-acquisition landscape is radically different to previous years. The US optimisation and valuat
A video distributed on multiple media channels and social media purports to show a Houthi sea drone approaching a Greek bulker as armed guards watch on before the weapon hits …
A mystery European shipowner has upped an order for offshore construction vessels (OCVs) at Wuchang Shipbuilding Industry Group in China. The Salt 308 units’ designer, Norway’s Salt Ship Design, said
Just when bulging shipyard orderbooks looked like they were in for a breather from container ship and LNG carrier tonnage, it has all started up again — on boxships, at …
London-based Britannia, the protection and indemnity provider for the ship that destroyed a bridge in Baltimore, on Thursday reported strong investment returns to boost its financial reserves. The P&
More and more shipping companies have listed their shares on both sides of the Atlantic in the past year, with BW LPG and Hafnia the latest newcomers to the US …
The fate of a Ukrainian-owned cargo ship that was evacuated and burning after a Houthi attack in the Gulf of Aden last week remains unclear. No information has emerged about …
Norway’s Amon Maritime has set up a new company to order ammonia-fuelled gas carriers backed by a state grant. Amon Gas will build two low-carbon mid-sized vessels (MGCs) using a …
Management at New York-listed International Seaways is not the type to ever describe their business approach as “boring”, paint competitors as “flashy” or lure investors with “gimmicks”. That is not
A first tanker is taking the Northern Sea Route (NSR) eastbound indicating a start of sailings for the season through the Arctic passage. The 41,401-dwt shuttle Shturman Skuratov (built 2017) …
Denmark’s AP Moller-Maersk is in discussions with container ship tonnage providers about LNG dual-fuelled vessels in what would be a new direction for the company, which has championed the use …
