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A Hafnia-owned LR tanker is ablaze in the South China Sea after colliding with a Chinese-managed VLCC. The Maritime and Port Authority of Singapore said that it was notified on …
Columbia Group tanker pool management company United Product Tankers (UPT) has shut down operations after 21 years. “In this environment of inflated values and strong competition, it has become incre
A UK-based maritime security agency reported yet another incident off Yemen, most likely caused by the Houthis as part of their campaign against shipping. An unidentified vessel was “hit by …
Pareto Bank’s ship financing portfolio grew in the second quarter. The Oslo-listed niche lender's shipping and offshore loans increased to NOK 1.81bn ($167m) from NOK 1.54bn at the end of …
Danske Bank’s shipping credit exposure decreased by 3% in the second quarter. The Copenhagen-based lender’ gross credit exposure to the sector was DKK 22.3bn ($3.25bn) at the end of June, …
A UK-based maritime security agency reported yet another incident off Yemen, most likely caused by the Houthis as part of their campaign against shipping. An unidentified vessel was “hit by …
A Hafnia-owned LR tanker is ablaze in the South China Sea after colliding with a Chinese-managed VLCC. The Maritime and Port Authority of Singapore said that it was notified on …
The South African Maritime Safety Authority (SAMSA) has revealed that US-based salvage company Resolve Marine Group is leading the salvage operations on the wreck of an Ultrabulk-controlled multipurpo
The African Development Bank (ADB) says it has approved a $1bn loan for South Africa’s state port monopoly to help fund its restructuring efforts. The 25-year loan to Transnet SOC …
The British government blacklisted 11 tankers on Thursday as it announced plans for a 44-country European initiative to disrupt the Russian shadow fleet. The 11 — which include two previously …
The US government has taken sanctions action against several ships, individuals and companies in a bid to disrupt shipping and financial support for the Houthi militant group. The move adds …
A new study has raised questions on whether ammonia as a marine fuel is as ‘green’ as its promoters make it out to be. Ammonia fuel has been ranked high …
European Commission President Ursula von der Leyen pledged to create a “European Oceans Pact” as she won re-election to a new term. But her roadmap for the next five years …
BW Product Services’ profit fell in the second quarter. The gas trading division reported an estimated gross profit of about $26m for the second quarter, BW LPG said in a …
Greek bulker owner DryDel Shipping has ordered an ultramax bulk carrier that will be built to an fuel-efficient design in Japan. The shipowner, which is headed by Costas Delaportas and …
A wide circle of Greek shipowners investing in modern bulkers includes a name that has been mainly associated with crude and product carriers. Members of the Peraticos family, founders of …
London-listed shipping fund Tufton Oceanic Assets has handed out a higher dividend payment for the second quarter of 2024. The owner of tankers, bulkers and LPG carriers issued a dividend …
Let’s call this one a win for shipping. Streetwise can report that Deutsche Bank’s in-again, out-again deliberations over what to do with research coverage on public shipowners have arrived at …
In September 2023, and amid great fanfare, European Commission President Ursula von der Leyen officially named the world’s first containership powered by green methanol: AP Moller-Maersk’s Laura Maers
Seafarers could be given vital extra time to prepare for the impact of rogue waves using an artificial intelligence-based system, according to a new study. Researchers in the US used …
