Sector
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U-Ming orders newcastlemax quartet at Qingdao Beihai Shipbuilding
Taiwanese owner U-Ming has entered into shipbuilding contracts with Qingdao Beihai Shipbuilding for the construction of up to four 210,000…
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Euronav swoops for suezmax resales
Euronav has switched its buying focus from VLCCs to suezmaxes. Clarksons Research reports that the Belgian tanker giant has swooped…
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Remote surveys are the new reality – but we will meet again
DNV GL Maritime CEO Knut Ørbeck-Nilssen embraces remote surveys, but reminds us that nature has equipped humans with the best…
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Another record year of offshore wind farm investments on the cards
Wind farm investments are set for another record-breaking year of investments, according to a new report from Clarksons Research, which…
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MOL establishes offshore wind division
Further changes are afoot at Mitsui OSK Lines (MOL), Japan’s largest shipowner by fleet size. In addition to the creation…
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Siem Offshore CSV awarded GE wind contract
Norway’s Siem Offshore has been awarded a contract by GE Renewable Energy for 2014-built construction support vessel . The contract…
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Northland Power acquires 49% stake in Baltic Sea offshore wind farm
Canada’s Northland Power has entered into an agreement with PKN ORLEN to acquire a 49% interest in the Baltic Power…
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Grieg and DNB pilot SOFR loan
Norway’s Grieg Maritime Group and DNB have entered into loan agreements based on a post-LIBOR rate system. As part of…
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Tongli Shipping inks kamsarmax sale and leaseback deal with CSSC Shipping
CSSC Shipping, the financial leasing unit of China State Shipbuilding Corporation, has entered into a sale and leaseback deal with…
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Kidnapped crew from Bulgarian general cargo vessel released by pirates
All of the crew who were kidnapped by pirates from the 1982-built 11,900 dwt general cargo vessel have been released,…
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Bulker prices firm, focus turns to kamsarmaxes
Secondhand bulk carrier prices are firming despite a week of softening spot rates. Buying interest is increasingly focused on smaller…
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Launch of MOL Drybulk
Mitsui OSK Lines (MOL) is rebranding its sub-cape dry bulk segments. Last month Japan’s largest shipowner by fleet size announced…
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Crumbs of comfort for crew
Steven Jones, the founder of the Seafarers Happiness Index, on some of the improvements seen on life at sea during…
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Keppel Offshore & Marine exits rig building to focus on renewables
One of the most famous rig builders in the world is exiting the business. Singapore’s Keppel Corporation has announced that…
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Fuel price spread back in the spotlight
With the fuel price spread between low and high sulphur fuel oil now firmly back in triple digit territory in…
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Vietnam probes sky-high box rates
Vietnam has become the latest country to take liners to task for the current sky high container freight rate scene.…
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ZIM makes disappointing NYSE debut
The first shipping IPO in New York since 2015 disappointed yesterday, especially considering it was a container offering with liners…
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MOL scraps 37-year-old LNG carrier
Mitsui OSK (MOL) has sold its first and oldest LNG carrier, , for scrap after 37 years with the company.…
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Eagle Bulk takes its fifth Scorpio ultramax in cash plus shares deal
US-based owner Eagle Bulk has acquired the 2017-built ultramax bulker from Monaco’s Scorpio Bulkers in a cash plus shares deal.…
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Maritime decarbonisation must start at maritime academies
David Hume, the founder of The Liquid Grid, looks at how America’s next generation of seafarers could lead world shipping…
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