Corporate News

5 Mar 2024

MOL & TLT Sign Long-Term Charter for Newbuild LNG Carrier

Mitsui OSK Lines (MOL) has entered into a long-term charter agreement for a newly constructed LNG carrier with Tokyo LNG Tanker (TLT).

MOL & TLT Sign Long-Term Charter for Newbuild LNG Carrier
5 Mar 2024

Hafnia Repurchases Five of its Vessels

Singapore's BW Group subsidiary, Hafnia, announces repurchase of several vessels following a record-breaking profit year, the 2nd in succession.

Hafnia Repurchases Five of its Vessels
5 Mar 2024

More Containerships Sold by Capital Product Partners

Capital Product Partners is continuing to divest its containership assets as part of its strategic pivot towards specializing in LNG carrier ops

More Containerships Sold by Capital Product Partners
5 Mar 2024

Qatari LNG Carrier Orders Won by Hanwha Ocean

Qatar Energy's strategy to augment its gas fleet includes placing orders with Chinese shipyards, indicating a global approach to expansion.

Qatari LNG Carrier Orders Won by Hanwha Ocean
5 Mar 2024

Nike & CMA CGM Collaborate on Biofuel Trial

The sportswear behemoth Nike has entered into an agreement with the French shipping company CMA CGM to employ eco-friendly biofuel.

Nike & CMA CGM Collaborate on Biofuel Trial
5 Mar 2024

$400M Fairfield Acquisition Sees MOLCT Increase Tanker Fleet

MOL Chemical Tankers (MOLCT), an entity fully owned by Mitsui O.S.K. Lines (MOL), has finalized its purchase of Fairfield Chemical Carriers.

$400M Fairfield Acquisition Sees MOLCT Increase Tanker Fleet
4 Mar 2024

Norwegian VLCC Sale Sets New Yardstick

The transaction involving a VLCC under the Norwegian flag has established a fresh high point, reflecting the ongoing rise in tanker asset prices.

Norwegian VLCC Sale Sets New Yardstick
4 Mar 2024

OranjeWind & World's Biggest Floating Solar Project Join Forces

The Nautical Sunrise consortium is on a mission to establish the world's largest OFS power project, situated off the coast of the Netherlands.

OranjeWind & World's Biggest Floating Solar Project Join Forces
4 Mar 2024

New Interim Chief Executive Appointed by Western Bulk

The dry bulk shipping company Western Bulk Chartering, based in Norway, has named Ørjan Svanevik as its temporary CEO.

New Interim Chief Executive Appointed by Western Bulk
4 Mar 2024

Initial VLCC Orders Confirmed by Trafigura

Trafigura is tackling the scarcity of contemporary supertanker capacity by venturing into the construction of its very first VLCCs.

Initial VLCC Orders Confirmed by Trafigura
4 Mar 2024

$350 Drillship Deal with BP Sealed by Diamond Offshore

Diamond Offshore Drilling awarded 2-year extension for its contract with BP subsidiary in US Gulf of Mexico for its seventh-generation drillship.

$350 Drillship Deal with BP Sealed by Diamond Offshore
1 Mar 2024

New Order of Two Newcastlemaxes from Berge Bulk in China

CSSC Qingdao Beihai Shipbuilding, recognized as the premier builder of newcastlemax vessels has secured an order for two ammonia-ready bulkers.

New Order of Two Newcastlemaxes from Berge Bulk in China
1 Mar 2024

One More Handy Bulker Offloaded by Grindrod

Grindrod Shipping is proceeding with its strategy to offload ships, announcing the sale of another handysize vessel from its fleet.

One More Handy Bulker Offloaded by Grindrod
1 Mar 2024

Initial Failure of Genco's Sale of Two Capesize Vessels

Genco Shipping & Trading, a US-listed operator of bulk carriers, has not succeeded in its initial attempt to finalize sale of 2 capesize vessels.

Initial Failure of Genco's Sale of Two Capesize Vessels
1 Mar 2024

Freeport Towage Joint Venture Fully Owned by KOTUG

KOTUG International, a Dutch towing company, has taken complete control of its joint venture in Freeport, Bahamas.

Freeport Towage Joint Venture Fully Owned by KOTUG