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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
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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
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$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
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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
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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
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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
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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
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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.

Offshore Wind Contracts Finally Awarded by New York
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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.

Record Levels of Sales Seen by Newcastlemax Vessels
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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!

Fastest Growing Containerline Fleet is Lidl's Tailwind
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$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).

$5.2bn Bolloré Logistics Acquisition Finalized by CMA CGM
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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.

CMA CGM Outbid by GXO for Wincanton
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Del Toro Aims to Jumpstart U.S. Shipbuilding via Korea Investment

During a recent visit to Korea, U.S. Secretary of the Navy Carlos Del Toro engaged with leading executives from the shipbuilding industry.

Del Toro Aims to Jumpstart U.S. Shipbuilding via Korea Investment
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Four VLCC's Ordered from South Korea by DHT

DHT Holdings has finalized contracts for the construction of four very large crude carriers (VLCCs) in South Korea, with deliveries during 2026.

Four VLCC's Ordered from South Korea by DHT
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Euroseas Fits Out Newbuild with Sights Set Upon Box Market

Euroseas, is leveraging the current uptick in the containership sector by securing a new long-term charter agreement for one of its feeder ships.

Euroseas Fits Out Newbuild with Sights Set Upon Box Market