Nissen Kaiun is capitalising on surging tanker asset values, offloading modern eco aframaxes at levels rarely seen before. The most talked-about sale in this weekend’s broker reports has been the 2018 ...

The Trump administration’s Project Freedom operation to guide stranded vessels out of the Persian Gulf through the Strait of Hormuz has been suspended after just two days, as Iran pressed ahead with ...

London-based Zodiac Maritime is making a major move into the gas carrier sector, ordering a series of very large ammonia carriers in South Korea as the company expands beyond its recent tanker and ...

The Prokopiou family is stepping further into the tanker market with the launch of a new company that has wasted little time securing its first newbuilding slots in China. New entrant Beacon Tankers ...

Israel’s port of Ashdod has invested $650,000 in local startup Conbo after a successful pilot project demonstrated how existing CCTV infrastructure can be transformed into a live operational ...

TFG Marine, Trafigura’s bunker fuel supply business with John Fredriksen’s Frontline and Alex Saverys-led CMB.TECH has secured a working capital facility of up to $300m from DBS Bank, boosting ...

France’s CMA CGM Group is pushing further inland in the Gulf, signing a cooperation deal with AD Ports Group to extend its reach beyond the quay at Khalifa port. The liner major, alongside CMA ...

The Hormuz crisis has broken the tanker market’s age depreciation curve entirely, with five-year-old VLCCs now trading above the price of a brand new vessel ordered from a Korean shipyard. According ...

Diana Shipping has taken its takeover fight for Genco Shipping & Trading straight to shareholders, launching a tender offer to acquire the US-listed bulker owner for $23.50 per share in cash after ...

Offshore driller Valaris has secured a string of new contracts and extensions for its jackup fleet, strengthening utilisation across key regions and lifting its backlog. The headline award saw the 400 ...

Oslo-listed tanker newcomer Bruton has fixed its first VLCC on a long-term deal ahead of delivery. The Tor Olav Trøim-backed company said the 300,000 dwt Mount Vision, due for delivery from China in ...

Malaysia’s MISC has moved into the floating regasification space, lining up a newbuild FSRU at Samsung Heavy Industries to serve a long-term contract with Petronas Gas. The Bursa Malaysia-listed owner ...