Sector
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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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Ørsted to reorganise business structure
Danish green energy firm Ørsted has announced a decision to change its organisational structure to further strengthen its growth in…
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Global Energy Group and Rosetti Marino partner up for offshore wind EPC projects
UK-based Global Energy Group (GEG) and Italy’s Rosetti Marino have formed a strategic partnership for large scale renewable energy EPC…
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Abu Dhabi Ports and Allianz Marine set up offshore logistics joint venture
SAFEEN, the marine service arm of Abu Dhabi Ports, has entered into an agreement with offshore vessel operator Allianz Marine…
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Eidesvik Offshore awarded PSV contract by Aker BP
Eidesvik Offshore has been awarded a time charter contract with Aker BP for its 2012-built platform supply vessel . The…
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EDF Renewables to deploy floating wind turbines at BOD wind farm
EDF Renewables is planning to develop phase two of its Blyth Offshore Demonstrator (BOD) wind farm off England, using floating…
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Petrofac secures more North Sea work with INEOS FPS
Petrofac is expanding its provision of operations and maintenance support services for INEOS FPS to include engineering and construction support…
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China Merchants reviews chartering tactics as losses accumulate
China Merchants Energy Transportation (CMES) has reported an estimated total loss of RMB121.6m ($18.8m) across 14 bulkers it has chartered…
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Joe Biden focuses on clean energy for shipping
Eight days into his presidency and there’s already a host of initiatives signed by Joe Biden that will have enormous…
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Battered Maersk Essen anchors off Lazaro Cardenas
The 13,100 teu , which lost around 750 boxes during a storm in the Pacific on January 16, has arrived…
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Cosco sending 10 tankers to scrap
Cosco Shipping Energy Transportation has announced that the company plans to dispose of 10 elderly tankers as part of its…
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Heidmar pursuing growth through new product offering
Tanker pool firm Heidmar is seeing growth under its new ownership with the establishment of a new LR2 tanker pool…
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Amazon invests in electrofuels
Infinium, an American electrofuels solution provider, has seen some famous brands come in for its latest round of funding this…
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European shipyard merger off
A long mooted European shipbuilding merger has fizzled out. France and Italy on Wednesday decided to nix plans to combine…
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CU Lines orders Wenchong boxship pair
Fast-growing China United Lines (CU Lines) has placed orders at Guangzhou Wenchong Shipyard for two 1,930 teu vessels, according to…
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Weekly Broker: No let up in busy start to 2021
Dry bulk vessels continued to change hands at pace this week, despite the spot market showing some serious corrections. Several…
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DeepOcean winds down UK cable lay and trenching business
Norway’s DeepOcean has finalised the restructuring and wind down of its UK cable lay and trenching business, as announced in…
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