Sector
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Up to 700 remaining scrubber retrofits could be shelved
Up to 700 remaining scrubber retrofits are “vulnerable” to postponement or cancellation, according to new research from Clarkson Research Services.…
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TFG Marine CEO to depart after just two months in charge
TFG Marine, the marine fuels joint venture between Trafigura and John Fredriksen’s Frontline and Golden Ocean, has announced that its…
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Milaha commences reorganisation
Qatar’s state-run shipping and logistics major Milaha has announced a reorganisation of the company as it looks to focus on…
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Eastmed swoops for recently delivered Nisshin kamsarmax
Thanassis Martinos-led Eastern Mediterranean Maritime (Eastmed) has picked up a new kamsarmax bulker from Japan’s Nisshin Shipping, according to brokers.…
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Wilhelmsen establishes wind logistics firm
Abnormal Load Services (ALS) and Norsea, two offshore service providers, have jointly established Elevon, a company solely focused on wind…
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Polarcus streamlines operations with 20% headcount reduction
Offshore survey specialist Polarcus has implemented actions to streamline its operations further, following on from a $15m cost reduction plan…
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Wisdom Marine raising cash for fleet expansion
Taiwanese bulk shipping operator Wisdom Marine has announced a plan to raise $63.8m from its current shareholders. The share offering…
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Zheshang Development takes over Zhejiang Shipping Group
State-run commodity trader Zheshang Development has announced a restructuring plan to take over bulk shipping operator Zhejiang Shipping Group. Under…
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China launches low-sulphur fuel futures
China has started the trading of the futures of low-sulphur fuel on the Shanghai International Energy Exchange from today. Prior…
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Norwegian students make machine learning algorithm breakthrough, beating the cape markets by 10%
Just how much machine learning algorithms can deliver to capesize earnings has been quantified in a landmark new piece of…
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Nine US-listed bulk firms have lost $11.33bn over the past 10 years
Alphabulk, part of AXS Marine, has launched a withering attack on the poor financial performance of US-listed dry bulk companies…
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Call to convert all open-loop scrubbers
The International Council on Clean Transportation (ICCT), a Washington DC-based non-profit organisation, is calling for all open-loop scrubbers to be…
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Frank Coles calls for modern day Berlin Airlift to resolve the crew change crisis
Wallem boss Frank Coles has called for a modern day ‘Berlin Airlift’ to fix the crew change crisis. The head…
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55% of shore-based employees are seeking a new job
Whichever way you turn at the moment, you cannot escape the needs or wants of people. For those of us…
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Hafnia responds to Diamond S and Norden’s nuptials
Hafnia has passed comment on one of this week’s biggest news items – the creation of a mega MR pool…
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CSSC appoints new chairman
China State Shipbuilding Corporation (CSSC) has announced the appointment of Zhang Yingdai as its new chairman, replacing Lei Fanpei who…
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Wintermar reschedules debt with lenders
Indonesian offshore vessel operator Wintermar has concluded an agreement with two major lenders, International Finance Corporation (IFC) and Deutsche Investitions-…
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Maersk Tankers debuts digital spinoff
Digital start up ZeroNorth, a spin off from Maersk Tankers, has released the software Optimise to shipowners and operators with…
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Wallenius Wilhelmsen pleads guilty to cartel charges in Australia
Norwegian car carrier operator Wallenius Wilhelmsen has today entered a guilty plea in the Federal Court to criminal cartel conduct…
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Petrobel terminates Shelf Drilling rig contract
UAE-based drilling rig operator Shelf Drilling has received a notification for the early termination of the contract for jackup rig…
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