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).
Corporate News
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.
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.
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.
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.
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.
$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.
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.
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.
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.
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.
Offshore Wind Contracts Finally Awarded by New York
On February 29, New York authorities granted provisional agreements for the purchase of electricity from two upcoming offshore wind initiatives.
Record Levels of Sales Seen by Newcastlemax Vessels
Large bulk carriers are earning significant profits, with the frequency of transactions involving these ships reaching high levels.
Fastest Growing Containerline Fleet is Lidl's Tailwind
Fastest expanding fleet in percentage terms belongs to company more commonly linked with budget-friendly products found in European supermarkets!
$5.2bn Bolloré Logistics Acquisition Finalized by CMA CGM
The French shipping company CMA CGM has finalized its purchase of the family-owned Bolloré Logistics for €4.85 billion ($5.25 billion).
CMA CGM Outbid by GXO for Wincanton
The competition to acquire UK-based logistics firm Wincanton is intensifying as U.S. warehousing company GXO Logistics outbids CEVA Logistics.