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Tankers
TOP Ships gets better rate for product tanker
NASDAQ-listed TOP Ships has fixed a three-year time charter for its product tanker, . The new time charter will commence…
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Containers
Global liners enter familiar price war territory
Liner shipping has entered a price war, a race to the bottom that has characterised almost every cycle of this…
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Dry Cargo
Golden Ocean pounces for six newcastlemaxes to become the world’s largest publicly-listed dry bulk company
John Fredriksen-controlled Golden Ocean is set to become the largest listed dry bulk company in the world when it completes…
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Containers
Two boxships badly damaged in southern Vietnam
Two containerships were severely damaged early Saturday morning when they collided on the Long Tau river in southern Vietnam. The…
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Asia
Top Korean shipping lines back nuclear power
A host of Korean shipping lines including HMM, Sinokor and H-Line Shipping along with the nation’s class society are pressing…
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Tankers
Product tanker rates surge in opening days of EU’s latest Russia ban
Tankers carrying heavy crude failed to bounce following the European Union’s Russian ban in December. Not so, lighter products, where…
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Tankers
A chance to ‘restore serenity’: CMB makes its case to replace the Euronav board
The top two shareholders in Euronav have made their next moves in the protracted takeover saga for one of Belgium’s…
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Ports and Logistics
Saadé seals partnership with La Poste
A memorandum of understanding has been signed by Philippe Wahl, chairman and CEO of La Poste, Rodolphe Saadé, chairman and…
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Americas
Boxship owners fork out $45m over 2021 Orange County oil spill
The shipowners and insurers of the containerships Beijing and MSC Danit agreed to fork out $45m in damages yesterday over…
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Containers
Last remnants of the X-Press Pearl ready to depart Sri Lankan waters
Nearly 21 months after it sank following a huge fire, the last remnants of the wreck of the containership are…
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Dry Cargo
2020 Bulkers extends charters on two newcastlemaxes
2020 Bulkers has converted and extended the index-linked time charters for two newcastlemaxes, Bulk Shanghai and Bulk Seoul, to fixed…
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Environment
New white paper calls for ‘data democratisation’ to improve maritime sustainability
French digitalisation expert Opsealog has launched a white paper calling for greater data sharing across supply chains to help achieve…
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Containers
CMA CGM adds ropax business to sprawling empire
Cash-rich, acquisitive CMA CGM is closing in on a takeover of fellow Marseille shipowner La Méridionale, a struggling ropax operator…
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Ports and Logistics
Fire under control at Iskenderun Port
Firefighting continued this morning at the severely damaged container terminal at Iskenderun in southern Turkey three days after the site…
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Containers
Drewry’s World Container Index sinks below $2,000 per feu
The Drewry World Container Index ducked below the $2,000 per feu mark today for the first time since July 30,…
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Ports and Logistics
$662m made available for American port development
The US Department of Transportation’s Maritime Administration (MARAD) has made $662m available for port infrastructure development this year. “America’s ports…
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Gas
Pertamina seals VLGC acquisition
Indonesia’s Pertamina International Shipping (PIS) has taken delivery of the 2021-built Monte Rosa Explorer, now renamed , from Trafigura. No…
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Containers
Medkon buys its biggest ship
Turkey’s Medkon Lines has bought its largest ship to date. According to Alphaliner, the Istanbul firm has taken delivery of…
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Ports and Logistics
Quirky box-related world record secured in the Middle East
One of the more quirky shipping-related world records has just been achieved in the Middle East. Khalifa Port, Abu Dhabi’s…
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Containers
Maersk warns global box volumes could slide 2.5% this year
From $30.9bn to somewhere between $2bn to $5bn. That is how Maersk, widely seen as bellwether for the container shipping…
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