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Japan is planning radical measures to increase the availability of jet fuel amid a shortage. Vessels could be converted into product tankers and a new clean carrier could be ordered, …
VLCC spot rates have hit the highest level in six weeks following a flurry of activity in both the Middle East and West Africa. Latest VLCC rates are up 61% …
US-listed Navigator Holdings and Malaysia’s Bumi Armada have agreed to work on a potential carbon shipping project in the UK for Uniper. The international energy company wants the shipowners’ joint …
A new project to increase LPG shipments into Colombia looks set to boost VLGC demand. Toronto-listed Frontera Energy and Chile’s Empresas Gasco are teaming up to establish a new import …
Oldendorff Carriers has sold another two bulk carriers, bringing its total number of vessels sold this year to 14. The transactions show that the German owner-operator is continuing its clearout …
Chinese buying is sustaining the secondhand market for elderly capesize bulkers. No less than four big bulkers aged between 14 and 18 years have been reportedly bought by Chinese investors, …
The container shipping fleet is growing at is fastest pace in 15 years amid an ongoing rejig of the liner shipping top-ten. Capacity of the boxship fleet grew by 11% …
A light sheen of oil has been seen leaking from the damaged engine room of the Hafnia product tanker involved in a collision with a Chinese-controlled VLCC, the Danish tanker …
Low-profile London owner Unity Maritime has added to its fleet with a deal to buy a modern Japanese-built handysize bulker. The company, owned by Danny Ungar, said it has welcomed …
Generations of Irish people have historically upped sticks for a better life in the US. At Ardmore, a former New York broker and an ex-Wall Street player have done the …
US-listed New Fortress Energy expects to deliver a first cargo next month from its newly started-up 1.4 million tonne per annum offshore liquefaction project ‘Fast LNG’ off Altamira, Mexico. “Now …
US investment bank JP Morgan is said to have stepped up its presence in the large LPG carrier arena after buying two Chinese-built VLGCs. JP Morgan Asset Management’s Global Transportation …
After an “intense” five-year succession hunt, the new men in the hot seats at Ardmore Shipping can finally break the silence over their appointments. The New York-listed, Ireland-based operation reve
Protection and indemnity clubs will struggle to justify increases in annual premiums at next February’s renewal after two years of profits and low claims, said insurance broker Aon. Most of …
Gas importer Gail (India) has returned to the market for an LNG carrier to take on long-term charter that could cover a hire period extending out for 11 years. Brokers …
Taylor Maritime Investments chief executive Edward Buttery has seen his overall pay package jump after taking on extra responsibility. The boss of the London-listed bulker owner also became CEO at …
By 2035, Fuel EU Maritime compliance costs for tankers will overtake those from the European Union’s emissions trading system (ETS), BRS Group argues. The EU ETS will run the global …
John Frederiksen-backed SFL Corp has priced its previously announced underwritten public offering. The New York-listed shipowner sold 8m common shares at $12.50 per share. Shares traded around $13 i
After an “intense” five-year succession hunt, the new men in the hot seats at Ardmore Shipping can finally break the silence over their appointments. The New York-listed, Ireland-based operation reve
Euroseas, an owner of 25 small and intermediate container ships, announced late on Tuesday a new charter for one of its vessels that is says proves ongoing strength its market. …
