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Major expansion of gas projects in the next few years will help soak up a massive LNG carrier newbuilding programme, Clarksons Research believes. “While a period of softer markets has …
Greek owner Eastern Mediterranean Maritime (Eastmed) has found a buyer for a 27-year-old ship that will continue trading for some time. Data banks including S&P Global are already listing the …
Bangkok-based Precious Shipping is said to be lining up a deal to buy four handymax bulkers from Nisshin Shipping of Japan. The Khalid Hashim-led shipowner is understood to be paying …
Denmark’s Torm has struck again in the secondhand market, adding eight MR tankers for $340m. The US and Copenhagen-listed owner said the vessels will join the fleet in the third …
Shipping stocks have been hit by volatility after reports of steps towards a ceasefire in Gaza in the past month. Albemarle Shipping Fund fell by 1.73% in June compared with …
A newcomer of the Hong Kong shipowning scene has acquired one of Bahri Chemical’s older MR2 product/chemical tankers. Captain Chan Shipping has recently taken delivery of the Saudi Arabian tanker …
Espen Galtung Dosvig’s EGD Holding will continue betting on tankers in good markets after a strong shipping result last year. The private Norwegian company said net profit was NOK 570.7m …
Energy trader BGN has returned to South Korea’s HD Hyundai Heavy Industries (HD HHI) for two 88,000-cbm VLGC newbuildings bringing the total number of VLGCs it has ordered there to …
The harsh weather impacting southern African slashed vessels arriving at the Cape of Good Hope by up to 80% on at least one day last week. Clarksons report that just …
South African authorities are putting mitigation measures in place to prevent a stricken Ultrabulk vessel from causing an environmental disaster on its coastline. The move comes as suspicion for its
US-based conglomerate Crowley has come to a settlement agreement over alleged sex trafficking. Eric Priante Martin looks at what this means and the larger picture in the US. We look …
Call it a win for the little guy. Greece’s Panayotides family has seen a third member score a public listing in the US with the completion of an initial public …
Amnesty International has urged shipowners and traders to stop shipping oil to Myanmar. The human rights group fears that jet fuel imports may have been used in attacks on civilians …
China’s Sinochem has temporarily stopped purchases of crude cargoes to be loaded at Trans Mountain’s expanded TMX pipeline in Canada. The move came after it closed two of its refineries …
LNG terminal developer AG&P LNG has teamed up with Singapore-based BK LNG Solution (BKLS) on a small-scale LNG initiative to transport liquefied gas to China using LNG carriers and ISO …
Container spot freight rates have fallen for the first time in 13 weeks, according to the Shanghai Containerized Freight Index (SCFI). The drop saw the SCFI composite index fall to …
Malaysia’s MISC has been linked to the acquisition of a stake in a compatriot floating production, storage and offloading vessel owner, prompting talk of a potential takeover. Reports in the …
Swiss trader Gunvor’s Singapore division has clinched a huge new refinancing package with discounts on offer if it cuts vessel emissions. The sustainability-linked deal is worth $1.32bn, the charteri
The emerging Houthi tactic of using a swarm of sea drones threatens a more destructive phase of attacks against commercial shipping in the Red Sea, according to security experts. The …
Singapore’s BW Group has moved to keep control of product tanker giant Hafnia’s board appointments following the subsidiary’s US listing. A new shareholder agreement has been signed by the two …
