VLCC Resales Outprice Newbuilds by Record $39.5 Million
Resales of extremely sought-after Very Large Crude Carriers (VLCCs) are now commanding the largest premium over newbuild prices in the 60-year history of supert...
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10,618 articlesFrance and Belgium Intercept Russian Shadow Fleet Tanker
French naval helicopters assisted the Belgian armed forces in seizing a Russian shadow fleet product tanker, the Ethera, on Saturday. The sanctioned vessel, bui...
Mainstay Maritime to Sell Canadian Lower Lakes Arm and Six Ships to Algoma
America's Mainstay Maritime has agreed to sell its three Canadian operating companies and six Canadian-flagged vessels to Algoma Central Corporation. The deal t...
Shipping Lines Evade Strait of Hormuz Amidst Iranian Attacks on Persian Gulf Ports
Container shipping lines are halting operations to Persian Gulf ports following a joint Israel-U.S. strike on Iran, while tanker vessels have come under fire in...
Can Shipping Navigate an Existential Tech Disruption?
Maritime digital operations face a critical juncture. To survive the 'asteroid' of escalating customer demands for transparency and advanced technology adoption...
Oil Prices Climb in Early Trading, Diesel Outpaces Crude
Oil prices surged in the initial hours of Sunday evening U.S. time trading, marking the first reaction to the U.S. and Israeli attacks on Iran and Iran's subseq...
Cosco and OOCL Remove Conakry from WMAX Service
Cosco Shipping Lines (CoscoSL) and OOCL have revised their West Mediterranean–West Africa (WMAX) service by removing Conakry, Guinea, from the rotation, accor...
Eastern Pacific Shipping Orders Two More VLCC Newbuilds from Hengli
Singapore-based owner Eastern Pacific Shipping (EPS) is strengthening its renewed focus on the Very Large Crude Carrier (VLCC) segment by securing two additiona...
Milaha Expands Intra-Gulf Express (MIG) Service to Include Bahrain
Qatar-based maritime and logistics powerhouse Milaha has announced a strategic expansion of its Milaha Intra-Gulf Express (MIG) service. The carrier has officia...
Air Freight Rates Expected to Spike as Iran Conflict Escalates
The conflict involving the United States and Israel against Iran, which began on Saturday, is already causing disruptions to air cargo traffic in the Middle Eas...
KMTC Linked to Six HD Hyundai Boxship Newbuildings
Seoul-based liner operator Korea Marine Transport Co (KMTC) has been identified as the owner behind a series of six feeder containership newbuildings ordered at...
NYK and Ocean Yield Expand LNG Carrier Series to Eight Ships
Japan’s Nippon Yusen Kaisha (NYK) and Norwegian shipleasing specialist Ocean Yield have bolstered their LNG carrier program after declaring options for additi...