Fratelli Cosulich hails ‘second-best year ever’ despite profit plunge
Drop of 42% in net profit follow two seemingly unbeatable years
Angelicoussis suezmax tanker lifts first ever Senegal crude cargo for Shell
Initial barrels produced last month at Woodside offshore project
‘Champion of the little guy’ challenges the established order in Wall Street standoff
Divide was perhaps never clearer than at this year’s Marine Money Week in New York
Swire Group eyes investment in newer ships after bulker sales
Container ship and dry cargo group says 2023 was a year characterised by declining rates
Dredge Linked to WWII Wreck Desecration Has Been Arrested Again
The Chinese grab dredge that allegedly desecrated the wrecks of two famous WWII warships off Malaysia has run into trouble…
Japanese Project Reaches Milestone in Design of Hydrogen-Fueled Tanker
A design project launched in Japan in 2023 reports it has reached a milestone in the development of a hydrogen-fueled…
FMC Lists HMM as a State-Controlled Shipping Line
South Korean national-champion container line HMM has been added to the U.S. Federal Maritime Commission’s list of “controlled carriers,” which…
DOF Buys Maersk Supply Service for $1.1B and Maersk Spins-Off Wind Business
Norway’s DOF Group will pay approximately $1.1 billion to acquire Maersk Supply Service further consolidating the offshore service sector focusing…
Fed’s Powell says more evidence of falling inflation needed before rate cut
The U.S. central bank still needs more data before cutting interest rates to ensure that recent weaker inflation readings give…
Euro zone inflation eases a touch but services costs stuck
Euro zone inflation eased last month but a crucial services component remained stubbornly high, likely fuelling concern among some European…