May 23rd, 20190The positive sentiment in the sale and purchase market continues to grow this week on the back of positive chartering signs in the larger size segments for both bulkers...
May 22nd, 20190With a new CEO in charge and a displeased investor base, top management at Kawasaki Kisen Kaisha (K Line) today revealed they will take a six-month 10% pay cut,...
May 22nd, 20190Angeliki Frangou’s Navios has signed for an optional VLCC at Japan’s top shipyard, Imabari Shipbuilding. Brokers Intermodal report that the tanker will deliver in...
May 21st, 20190Mercator, once India’s third largest shipping line, has hit severe financial difficulties with local newspaper, Hindu Business Line, reporting the company has not paid...
May 21st, 20190The High Court of Hong Kong has sold the 2013-built VLCC in an auction yesterday. Shipbroking sources told Splash that the vessel was bought by a special purpose...
May 21st, 20190A month after announcing it was raising $84m for new ships, 20-ship strong Indonesian tanker owner Buana Lintas Lautan (BULL) shows up as the taker of two more ships,...
May 20th, 20191The global merchant fleet has surpassed the 2bn dwt mark for the first time, doubling in size in just 13 years, and could be on track to hit 3bn dwt by 2033, according...
May 20th, 20190Rizhao-based Landbridge Group, a diversified multinational group specialising in port infrastructure, logistics, oil and gas, shipping and petrochemical industries, is...
May 17th, 20190One of the most famous names in shipbroking has been elected as the next chairman of the Baltic Exchange Council. Effective June 1, Braemar’s Denis Petropoulos will...
May 17th, 20191Citing the scant information available at present, the Joint War Committee (JWC), which comprises underwriting representatives from both the Lloyd’s and International...
May 17th, 20191Maersk Product Tankers has entered into a sale and leaseback agreement with China’s ICBC for four MR tankers. The first vessel has already been delivered to ICBC,...
May 16th, 20190Shipowners and shipmanagers are taking extra security measures when transiting the Strait of Hormuz and around the key bunkering hub of Fujairah in the wake of attacks...
May 16th, 20190The sale and purchase market has experienced a good week for concluded volumes in both the bulker and tanker sectors. A busy Middle East VLCC market together with...
May 15th, 20190After two of its tankers were hit by suspected explosive devices on Sunday off Fujairah, Saudi Aramco, the world's largest oil and gas company by revenue, said Tuesday...
May 14th, 20194Initial inspections of the four ships that UAE authorities said were “sabotaged” on Sunday points towards the use of limpet mines. Sources at Fujairah port who...
May 14th, 20190With damaged vessels in Fujaihrah waters dominating shipping headlines this week, there’s news of another tanker that has been deemed beyond repair following a big...
May 14th, 20190Chemical tanker operator Team Tankers has sold its 2003-built 44,999 dwt MR tanker , the company revealed in its first quarter report. The vessel was previously owned...
Tankers
