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.
Corporate News
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.
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
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
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.
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.
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.
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.
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
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.
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.
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.
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Shipping company CMA CGM has withdrawn its attempt to acquire British logistics company Wincanton, conceding to a competing bid from another firm
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 & 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).
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.
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
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.
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.
$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.