Murmansk Shipping Company has been officially declared bankrupt by a local arbitration court in Russia this week, bringing to a close an 81-year chapter in Arctic maritime history.
Shipping has been put on alert to be highly vigilant when transiting the Gulf of Aden with news of an aframax tanker suffering sizeable damage after it struck a sea mine in Yemeni waters.
Sovcomflot, Russia’s top shipping line, had a tepid launch yesterday on the Moscow Stock Exchange.
Robert Hvide Macleod, one of the best known names in the tanker business, is stepping down as CEO at John Fredriksen’s Frontline Management.
Spanish shipowner Ibaizabal Tankers has become the latest company to join Navig8’s Suez8 pool, entering one of its suezmax tankers.
Tufton Oceanic Assets has acquired two product tankers for a total of $23m, taking its fleet to eighteen vessels.
The only capsize bulker in the fleet of Naples-based Giuseppe Bottiglieri Shipping Company, controlled by Bain Capital, has been sold to Zodiac Maritime according to multiple broker sources.
Monaco’s Scorpio Bulkers has announced the sale of a kamsarmax bulker, the second sold by the Emanuele Lauro led company in under a week.
The first of two tankers carrying cargoes of Iranian gasoline seized by the United States discharged in New York on Thursday, according to Refinitiv vessel tracking data, ending a three-month journey.
Oslo-listed Greek owner Okeanis Eco Tankers (OET) has entered into a time charter contract with an unnamed national energy company for one of its VLCC vessels.
The first of three Iranian tankers carrying fuel to Venezuela is set to arrive Monday night, demonstrating the ability of the Iranian and Venezuelan governments to bypass American sanctions on a limited basis.
The fire-stricken tanker New Diamond is now bound for an offshore oil terminal at Kandla Port Trust, according to Indian media. After a long tow around India's coastline, her cargo of crude oil will be discharged safely, reducing environmental risk and moving the salvage process forward.
Continuing initiatives to develop Hainan as a special economic zone in China is offering a value-added tax concession for vessels registered there.
Tanker owner Nordic American Tankers (NAT) has entered into two 2 Suezmax newbuilding contracts with Samsung Heavy Industries in South Korea.
One of the key takeaways from DNV GL’s Maritime Forecast 2050, Energy Transition Outlook 2020 is that installing a dual-fuel LNG engine and fuel system “is consistently the most robust choice” for preparing shipping for a decarbonised future
The captain of the fire-stricken very large crude carrier New Diamond is facing negligence and pollution charges in Sri Lanka.
Japanese oil and gas major Inpex is set to cut the workforce numbers at its Ichthys liquefied natural gas project in Australia.
Tianjin Southwest Maritime and Jiangnan Shipyard have signed shipbuilding contract of two 98,000 cu m VLECs for Zhejiang Satellite Petrochemical.
Salvage teams and officers from the Sri Lanka Navy were able to reboard the VLCC New Diamond and undertake their first inspection of the burnt-out crude oil tanker now that they have confirmed the fire has been extinguished. They are working on stabilizing the situation aboard the vessel while a plan is finalized for its salvage.