Tax rules prompt John Fredriksen to move his private shipping empire out of London
Tycoon eyeing other more favourable regimes for his new base
‘First big scrapping cycle’ forecast for LNG shipping market with no place for steam turbine vessels
Market not expected to swing back into balance until 2026-2027
Golden Ocean spends $11.5m on its own stock as share price falls
John Fredriksen bulker company takes advantage of value dip
Kite Stacks for Vessel Propulsion
Kite builders have for decades installed multiple kites on a single control line, forming an airborne train of kites that…
U.S. Navy Awards its Highest Civilian Honor to Tom Cruise
The U.S. Navy has awarded its highest civilian honor to actor Tom Cruise, whose reboot of the “Top Gun” franchise…
FSL Trust makes profit of $2.3m from tanker sale
The unnamed buyer paid $7.15m for vessel first reported sold on Monday
Monjasa takes LNG bunker vessel on charter for new Dubai-based business
Fuel supplier scores a double first with its initial unit and a Middle East base for LNG bunkers
Idan Ofer’s EPS Ventures teams up with Norwegian government on shore power investment
West coast Norwegian company gets NOK 50m injection
NRP gets ‘selective’ on deals as markets ride volatility
Sees negative trend in bulker and tanker markets
GAO: U.S. Navy Wasted $2B on Failed Cruiser Modernization Effort
The U.S. Navy ended up wasting nearly $2 billion on four aging cruisers because of poor planning, lax oversight and…