Danish Ship Finance targets top-tier shipowners to grow $5bn loan portfolio
CEO says shipowners should be careful about borrowing from banks without experience of shipping cycles
Columbia Group product tanker pool shuts doors after 21 years as demand evaporates
German player reaches the end of the road, citing falling interest by clients to put their product tankers into pools
FMC Designates China’s Anji Shipping as a State-Controlled Shipping Line
The U.S. Federal Maritime Commission (FMC) designated Chinese shipping company Anji Shipping as a “controlled carrier,” meaning that it has…
Philadelphia to Homeport First Cruise Ship in 15 Years as Port Expands
After more than a decade without a cruise ship, Philadelphia will homeport its first modern cruise ship in 2026. The…
Softer-than-expected June inflation continues to bolster the case for easing in China
Inflationary pressures remained subdued China’s June CPI inflation edged down to 0.2% YoY, down slightly from 0.3% YoY, and coming…
Yemen’s Houthi Rebels Claim Long-Range Drone Strike on Tel Aviv
Yemen’s Houthi rebels have claimed responsibility for a drone strike that hit an apartment building in the Israeli city on…
Suez Canal Revenue Dropped $2B Last Year Due to Red Sea Security Crisis
The Suez Canal Authority saw its revenue drop by about $2 billion year-over-year because of the traffic impact of Houthi…
To Prevent a Serious Grounding, Ro/Ro’s Engineers Tried "Impossible" Fix
The engineering crew aboard the ro/ro freight ferry Mazarine made a heroic attempt to restore power after a large pipe…
UK’s New PM Launches “Call to Action” Targeting Russian Tankers
The new government of the UK being led by Prime Minister Sir Keir Starmer is moving aggressively less than two…
U.S. Navy Destroyer Helps Rescue 31 People in Eastern Med
On Tuesday, the crew of a U.S. Navy destroyer helped rescue a group of 31 migrants in the Mediterranean, with…