Term charter strength keeps tanker asset values strong as owners hold on to ships
Broker BRS Group says limited supply of secondhand candidates explains disconnect between prices and spot rates
Dynagas LNG Partners to explore ‘new opportunities’ after slashing debt
Company boasts two debt-free vessels as it eyes fleet renewal and trade growth prospects
First Citizen Bank’s Evan Cohen tells of missed $1bn deal for NIBC shipping loan book
Financier did pick up a consolation prize
Offshore insurance deal a shield against global shocks, says Gard boss Rolf Thore Roppestad
Chief executive says $163m deal builds up offshore energy arm of diversified insurer
QatarEnergy dominates in first-half LNG carrier newbuilding haul
Big names dive in to firm up slots while others take their time due to high prices and berths dearth
Maersk, citing ‘integration challenges,’ says won’t pursue DB Schenker acquisition
The forwarder’s enormous staff count and a lack of investment in logistics infrastructure contributed to the carrier dropping out, a…
Ocean shipping faces sobering reality of long-term diversions around southern Africa
As the crisis in the Red Sea hits seven months with no end in sight, the container shipping market has…
Cool Carriers muscles into melon trade with new Brazil-Europe contract
While Cool is “cash rich,” it is under pressure to fill the newbuild capacity it already has as well as…
Korea’s imports of crude oil fall 2.5% in 2023
Korea’s imports of crude oil fell 2.5 percent on year in 2023, data showed Friday, as consumption of petroleum products…
S&P affirms China’s sovereign credit rating, validating economic resilience
S&P Global Ratings’ decision to maintain “A+” long-term and “A-1” short-term foreign and local currency sovereign credit ratings on China…