Corporate News

11 Mar 2024

Blystad Group's PSV Employed by Shell for One Year

The Blystad Group's Songa Commander, a platform supply vessel, has found a new role working for Shell in the UK North Sea.

Blystad Group's PSV Employed by Shell for One Year
11 Mar 2024

War-Time Grain Exports Record Set by Ukraine

Over 1,000 merchant vessels have navigated through Ukraine's grain corridor in the Black Sea, established seven and a half months ago.

War-Time Grain Exports Record Set by Ukraine
11 Mar 2024

Two Oldest Vessels Sold Off by Swire Bulk

According to brokerage reports, Swire Bulk from Singapore has recently sold its two oldest vessels, namely the Lintan and the Liangchow.

Two Oldest Vessels Sold Off by Swire Bulk
11 Mar 2024

PSV Deal for Vår Energi and Rem offshore

Rem Offshore, a Norwegian company specializing in offshore vessels, secures contract from Vår Energi for the use of its PSVl, the Rem Arctic

PSV Deal for Vår Energi and Rem offshore
8 Mar 2024

Leadership Changes at China's SITC International Holdings

Yang Shaopeng resigns as chairman of SITC International Holdings, initiating a leadership restructure at China’s second-biggest shipping company

Leadership Changes at China's SITC International Holdings
8 Mar 2024

Kyrgyzstan Becomes the IMO's Newest Member

The International Maritime Organization has welcomed the Kyrgyz Republic as a member despite the Central Asian country not having ocean access.

Kyrgyzstan Becomes the IMO's Newest Member
8 Mar 2024

London Sees Founding of Nuclear Energy Maritime Organization

The push for nuclear power's expansion into maritime uses is gaining momentum with the formation of the Nuclear Energy Maritime Organization in London.

London Sees Founding of Nuclear Energy Maritime Organization
7 Mar 2024

Robust Secondhand Market Aids Safe Bulkers Sale of Two Ships

Safe Bulkers progresses with fleet renewal strategy and capitalizes on increasing prices by selling two of its vessels in separate transactions.

Robust Secondhand Market Aids Safe Bulkers Sale of Two Ships
7 Mar 2024

Shuttle Tanker Newbuild Order in South Korea by TEN

Tsakos Energy Navigation, a Greek shipping firm, has again chosen Samsung Heavy Industries for the construction of additional shuttle tankers.

Shuttle Tanker Newbuild Order in South Korea by TEN
7 Mar 2024

Volkswagen Sued by Allianz & MOL Over Felicity Ace Sinking

Owner of the Felicity Ace and its insurance provider have initiated legal action against Volkswagen, attributing her sinking to the car manufacturer

Volkswagen Sued by Allianz & MOL Over Felicity Ace Sinking
6 Mar 2024

Doubled Market Share for Non-Alliance Liners

Presence of independent shipping lines in the Asia-Europe trade route has seen a significant increase, with market share doubling within a year.

Doubled Market Share for Non-Alliance Liners
6 Mar 2024

Economou’s Board Nominees Rejected by Genco

Genco Shipping & Trading has decided against including two nominees proposed by Greek shipowner George Economou on its board.

Economou’s Board Nominees Rejected by Genco
6 Mar 2024

Sanctions Intel Added to Platform by RightShip

The ship vetting service RightShip is enhancing its offering by providing its users with critical information on sanctioned entities and vessels.

Sanctions Intel Added to Platform by RightShip
6 Mar 2024

CMA CGM No Longer Interested in Acquiring Wincanton

Shipping company CMA CGM has withdrawn its attempt to acquire British logistics company Wincanton, conceding to a competing bid from another firm

CMA CGM No Longer Interested in Acquiring Wincanton
6 Mar 2024

MOL & Petrobras in Newbuild Negotiations

SeaLoading Holding a MOL subsidiary that specializes in the operation of CTVs enters into charter agreement with Brazilian oil behemoth Petrobras

MOL & Petrobras in Newbuild Negotiations