Sector
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FSL chemical tanker sold at second attempt
Singapore’s First Ship Lease Trust (FSL) has once again found a buyer for its 15-year-old chemical tanker , which could…
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Cash-strapped Lamprell in takeover talks
Financially troubled Lamprell has seen its shares plummet as it said it was exploring funding options and that it had…
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A permanent fix for seafarers as essential workers
Dr Carolyn Graham, an expert in maritime sociology, gives her take on what the industry ought to be addressing on…
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Trouble at the mill: China’s declining steel demand has cape owners on edge
China’s plummeting steel demand and falling prices for the metal are putting cape owners on edge.China’s steel market, the world’s…
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Hunter offloads entire VLCC fleet for $383m
Norway’s Hunter Group has sold its entire fleet of four very large crude carriers (VLCCs) for $383m. The Oslo-listed firm…
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Samskip and Ocean Infinity press ahead with remotely operated, hydrogen-fuelled containership project
Rotterdam-headquartered liner Samskip and Houston-based marine robotics company Ocean Infinity have secured close to $16m in funding from Norwegian state…
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MOL taps local yards to develop ammonia-powered gas carrier
Japan’s Mitsui OSK Lines (MOL), Tsuneishi Shipbuilding and Mitsui E&S Shipbuilding have launched a joint project aimed at developing and…
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ADS Maritime moves into the shuttle tanker sector
Terje Bodin Larsen-led ADS Maritime Holding has acquired stakes in four AET shuttle tankers operating in the North Sea under…
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Seanergy finds replacement for its oldest capesize
Nasdaq-listed Greek pure-play capesize owner Seanergy Maritime has agreed to acquire a 2010-built bulker from an unnamed Japanese company to…
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DP World to invest further in Romania’s Constanta port
The Romanian government has signed an agreement with Dubai’s Ports, Customs and Free Zone Corporation (PCFC) and DP World to…
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As shipping goes digital, seafarers matter more than ever
Shipping’s digital and sustainability transition will be led by its people, and this is an opportunity to create a brighter…
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Noble selling five jackup rigs to Shelf Drilling to secure UK approval for Maersk Drilling merger
Offshore driller Noble Corporation has sealed a deal to sell five jackup rigs to a newly formed subsidiary of Dubai-based…
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BW Energy buys Petrobras deepwater assets for up to $75m
Norway’s BW Energy has reached an agreement with Petrobras to acquire the Golfinho and Camarupim deepwater oil fields for up…
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Acta Marine secures CSOV contract in France
Dutch offshore vessel owner Acta Marine has secured a charter deal for its construction support operations vessel (CSOV), Acta Auriga,…
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Crowley and Esvagt bolster SOV ties in the US
US-based owner Crowley and Danish offshore player Esvagt have penned additional joint venture agreements to further strengthen their commitment to…
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Peterson forms offshore wind venture with Coast Renewable Services
Energy logistics provider Peterson and Coast Renewable Services have formed a joint venture company to provide integrated services to the…
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X-Press Feeders to equip two boxships with carbon capture tech
Singapore-based X-Press Feeders has signed up for Value Maritime’s carbon capture feature and clean-loop systems, which will be installed onboard…
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Flex LNG fixes three ships on long-term charters
John Fredriksen’s Flex LNG has agreed long-term time charters for three liquefied natural gas (LNG) carriers, adding 24 years of…
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Container spot rates duck below long-term rates on the transpacific
Business on the key transpacific box trade to the US west coast has hit a critical juncture with softening spot…
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Product tanker rates soar to heights not seen since the start of the pandemic
The product tanker market is looking healthier with each week that passes, with all segments firming up to levels last…
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