Sector
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UNCTAD urged to review liner alliances
One of the best-known authorities on liner shipping regulation today calls for an international body to look into the power…
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Stopford predicts short sea box shipping renaissance
The world’s most famous shipping analyst today predicts a big revival for short sea container shipping. Speaking in Brussels at…
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HMM aims for 7% market share on main east-west container tradelanes by 2021
In a remarkably bullish two-page press release issued today South Korean flagship HMM has claimed it will have a 7%…
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Iranians behind San Diego port ransomware attack
Two Iranian computer hackers were charged Wednesday in connection with a multimillion-dollar cybercrime and extortion scheme that targeted government agencies,…
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Volatile capes roar back
The massively volatile nature of the largest bulker segment has been in plain view for the last fortnight, hitting year-lows…
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Weekly Broker: What constitutes a bargain?
What constitutes a bargain in today’s volatile dry bulk market? Unsurprisingly brokers and ship operators have hugely divergent points of…
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HSH Nordbank sale completed, becomes Hamburg Commercial Bank
The sale of German state bank HSH Nordbank to a consortium of private equity companies, announced in February, has been…
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Gestioni Armatoriali makes return with two MRs from Latvian Shipping
A few months after sealing the debt-restructuring plan with its banks which saw the company progressively transfer all its ships…
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Østensjø Rederi wins several new contracts
Norway’s Østensjø Rederi won new contracts for two of its vessels and renewed a long-term service contract. Norske Shell has…
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Trump’s trade war sees US soybean exports heading south
A weaker Q4 for smaller dry bulk tonnage should be followed by a stronger Q1 and Q2 as seasonality returns…
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Crowley Maritime merges liner services into logistics business unit
US owner Crowley Maritime Corporation has announced that it will merge its liner services group into logistics business unit Crowley…
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S’hail Shipping acquires panamax bulker
Qatar’s S’hail Shipping has confirmed the acquisition of a 2005-built 77,000 dwt panamax bulk carrier, expanding its fleet to five…
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COSL disposes of oil shipping business
China Oilfield Service (COSL), the oil and gas service unit of Chinese state oil energy giant CNOOC, has approved a…
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Xeneta launches monthly box shipping index
Xeneta, the Norwegian ocean freight rate benchmarking platform, has launched today a new shipping index. The monthly snapshot of regional…
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SeaQuest: How newbuild supervision is changing
SeaQuest Marine Project Management, a shipbuilding project management and supervision services provider, is making efforts to diversify its business to…
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Sapura Energy secures long-term agreement from Saudi Aramco
Malaysian offshore service provider Sapura Energy have been selected by Saudi Aramco for its long-term agreement (LTA) programme. The programme…
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Capital Product Partners and Diamond S agree $1.65bn deal to merge tanker fleets
Evangelos Marinakis-led Capital Product Partners (CPLP) and US-based DSS Holdings, which owns Diamond S Shipping Group, have entered into a…
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European liners have better operating margins than Asian rivals
European liners appear far more adept at their business than their Asian peers, according to analysis from Alphaliner. Average operating…
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New Turkish line debuts first service
Turkey’s newest container carrier has debuted its first service. Istanbul-based Akkon Lines is linking Turkey with Libya on its first…
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Fire rips through cursed giant Russian icebreaker newbuild
The much-delayed delivery of the world’s largest diesel-powered icebreaker faces further problems after a massive fire broke out, destroying much…
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