Sector
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Deutsche Bank confirms $1bn shipping loan sale
Deutsche Bank has confirmed earlier reports that it is selling a $1bn portfolio of shipping loans to an entity owned…
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Newcastlemax smashes into Evergreen boxship at Kaohsiung
A newcastlemax bulker operated by Taiwan’s China Steel Corporation collided with an Evergreen containership at Kaohsiung port yesterday. Video footage…
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Yangzijiang wins more newcastlemax orders
Brokers are reporting that American investment firm Mangrove Parners has headed to China for a series of newcastlemax bulkers. The…
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Dabinovic Monaco takes its fifth handysize bulker
Monaco-based shipping firm Dabinovic is increasing its fleet with a fifth handysize bulk carrier acquired from Nova Marine Carriers, sources…
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Australian livestock trades change direction
The livestock trades out of Australia are changing in dramatic fashion in the weeks since a whistleblower seafarer exposed conditions…
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Malaysian domestic liner orders feeders in China
Domestic Malaysian containerline MTT Shipping has tapped Fujian Mawei in China for a series of feeder ships. Brokers report MTT…
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Kobe Steel fixes another eco coal carrier
Kobe Steel is fixing its future coal shipping needs. It has just signed a long term charter with compatriot Japanese…
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CSSC Chengxi confirms Nova Shipping woodchip carrier order
China’s CSSC Chengxi Shipyard has confirmed that it has secured a newbuilding contract from Singapore’s Nova Shipping for the construction…
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GasLog charters LNG carrier to Cheniere
GasLog Partners has fixed 2013-built LNG carrier to Cheniere Energy on a multi-year time charter. The charter will commence this…
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Cox Oil agrees on $322m buyout of EGC
Cox Oil, a Dallas-based offshore oil company focused on Gulf of Mexico developments, has agreed to buy Houston-based E&P firm…
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Generator fire doused on Great Lakes bulker, USCG to investigate
US Coast Guard (USCG) responded on Monday to a self-discharging Great Lakes bulk carrier that suffered a generator fire. The…
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Maersk rings the changes, operating capacity dips for the first time this decade
Heeding the words of its group CEO, Maersk Line, the world’s largest containerline, is making sweeping changes to its service…
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Are we nearing peak container?
The TT Club and McKinsey have recently issued an 80-page report looking at how the container business might develop through…
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MOL buys into Røkke’s subsea business
Japan’s largest shipping line Mitsui OSK Lines (MOL), as well as compatriot trading house Mitsui & Co, are investing further…
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GoodBulk kicks off $140m IPO roadshow
John Michael Radziwill’s GoodBulk yesterday launched its roadshow towards a New York IPO. A total of 8.5m shares will be…
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Grindrod Shipping makes Nasdaq debut
Grindrod Shipping Holdings, the shipping business spun out of South Africa’s Grindrod, began trading on the Nasdaq on Monday. Listed…
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Shipowner associations issue sulphur cap submissions
The world’s leading shipowning organisations have co-sponsored a number of submissions to the International Maritime Organization (IMO) ahead of a…
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Cargill in 2020 emissions pledge
Global commodities giant Cargill has vowed to cut carbon emissions from its shipping division by up to 15% by 2020.…
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JP Morgan back in cape buying mode
JP Morgan Global Maritime, one of the most active shipping funds in 2017, has made its first appearance in the…
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Naftomar snaps up BP Shipping VLGC
Greece-based Lebanese gas ship owner Naftomar has acquired 2006-built VLGC from BP Shipping, according to brokers. Naftomar, which operates a…
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