Sector
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Royal Marines storm Syria-bound VLCC
At 2am this morning British military forces in Gibraltar took control of a VLCC bound for Syria, suspected of breaching…
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Weekly Broker: Capes lead the charge
It has been a particularly good week for the dry bulk market, with average earnings for all sizes except handysizes…
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US authorities remove sanctions on PB Tankers
The US Office of Foreign Assets Control (OFAC) has removed restrictions on Italian owner PB Tankers and unblocked previously sanctioned vessels…
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Office of Sembcorp Marine subsidiary raided by Brazilian authorities
Brazilian authorities have executed a search warrant at Sembcorp Marine’s Estaleiro Jurong Aracruz (EJA) in Brazil as part of Operation…
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Q2 ship orders lowest this decade
The remarkably turbulent confluence of jittery shipping markets, tense geopolitics, encroaching environmental regulations and a slowing global economy saw recorded…
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Equinor extends contract for Eidesvik Offshore supply vessel
Eidesvik Offshore has been awarded a new three-year contract by Equnior Energy for 2004-built supply vessel . The contract will…
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World’s largest boxship featuring 24 rows across is delivered
The world’s largest containership has been delivered this week by South Korea’s Samsung Heavy Industries. The 400 m long is…
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Hapag-Lloyd and ONE sign up to TradeLens
Hapag-Lloyd and Ocean Network Express (ONE) have signed up to TradeLens, the blockchain platform created by Maersk and IBM, bringing…
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Cape sales accelerate including Sanko’s last big bulker
Activity in the cape sale and purchase is boiling hot with three capesizes sold within a week and many more…
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Klaveness pulls commercial activities from Shanghai office
Norwegian dry bulk owner Torvald Klaveness has decided to downsize its Shanghai office to focus on operations, and will no…
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Global Energy Ventures to order up to eight CNG carriers at CIMC Raffles
Australian compressed natural gas (CNG) company Global Energy Ventures (GEV) has signed a letter of intent with Chinese shipyard CIMC…
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France commits to sail roros
French car manufacturer Renault is to get 80-90% reduction in CO2 emissions transporting its vehicles on newly commissioned sail roros…
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Sinokor orders up to four aframaxes at Samsung
South Korean owner Sinokor has placed an order at domestic yard Samsung Heavy Industries for the construction of up to…
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DOF awarded several new contracts by ConocoPhillips
Norwegian offshore service provider DOF has been awarded three long-term contracts by ConocoPhillips Skandinavia for the deployment of MRVs Skandi…
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Maersk Drilling awarded North Thekah contract by Edison
Maersk Drilling has been awarded a contract by Italy’s Edison E&P for 2009-built semi-submersible rig . The contract is for…
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Maersk compares current container booking practices to the worst dining experience ever
Maersk has uploaded a new video to its YouTube channel explaining the current complicated, unreliable nature of container shipping and…
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Janchart takes Ulises’s last ship
Denmark’s Janchart Shipping has added another handy bulker in a deal that sees one Greek company exit shipowning. Janchart is…
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Ensco Rowan changes its name to Valaris
Esco Rowan, the offshore drilling giant formed from a $12bn combination of Ensue and Rowan Companies completed earlier this year,…
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Liners start implementing Middle East war risk surcharges
CMA CGM, the world’s fourth largest containerline, will institute a war risk surcharge of $36 per teu for cargo heading…
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CSSC and CSIC confirm plans to merge
China’s two state-run shipbuilding conglomerates – China State Shipbuilding Corporation (CSSC) and China Shipbuilding Industry Corporation (CSIC)- have officially confirmed…
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