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
Shipping
Houthis Increasing Grip on Shipping in Red Sea
Following their initial successful attack on a vessel, Houthis have declared any ship entering their territorial waters must secure a permit.
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.
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.
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.
Joint Venture Formed in Vietnam by Thailand's Mermaid Maritime
Mermaid Maritime of Thailand, through its subsea services division, has formed a joint venture in Vietnam with local provider, Tan Cang Offshore.
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!
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.
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.
Intermarine Welcomed by SAL & Jumbo in Heavy Lift Alliance
Jumbo Shipping and SAL Heavy Lift, a specialist in breakbulk and project cargo, have partnered with Intermarine to create a new joint venture.
New Secretary General Elected by Mission to Seafarers
The Mission to Seafarers, a Christian org dedicated to the welfare of maritime workers revealed Peter Rouch will be appointed as secretary general
Ocean Alliance Extends Deal for Five More Years
The consortium of container shipping companies known as the Ocean Alliance has decided to prolong their collaboration for an additional 5 years.
Ukraine Invasion Sees Indian-Classed Fleet More Than Double
Since Russia's invasion of Ukraine 2 years ago, there's been a notable increase in the number of vessels identified as part of the shadow fleet.
New Shaper Class Vessels Optioned by Wallenius Willhelmsen
Wallenius Wilhelmsen has exercised options to commission the construction of four more Shaper Class vessels designed for carrying cars and trucks
Saudi Arabia Welcomes New Container Shipping Line
Saudi Arabia sees the inception of a new feeder & short-sea shipping venture aimed at establishing connections between the kingdom & Red Sea ports