Trafigura Takes Stake in Frontline
By Victoria Klesty and Terje Solsvik OSLO, Aug 23 (Reuters) – Frontline has agreed to buy 10 Suezmax oil tankers from Trafigura in a cash and share deal
Explore the latest developments in the shipping industry, including market trends, fleet management, and the impact of global trade on maritime logistics.
By Victoria Klesty and Terje Solsvik OSLO, Aug 23 (Reuters) – Frontline has agreed to buy 10 Suezmax oil tankers from Trafigura in a cash and share deal
CMA CGM has ruled out using the Northern Sea Route for trade between Asia and Europe despite it being navigable during much of the year due to climate change.
Norwegian government-run Enova has approved funding of up to NOK 2.3 billion (US$256 million) to support a project that would develop the world’s first
A Florida-based submersible firm has completed the first manned dive to the wreck of the RMS Titanic in more than fourteen years, capturing ground-breaking
Sea Machines says it has successfully tested its autonomous technology in marine oil-spill response operations as part of a cooperation agreement with the U.S.
By Noah Browning LONDON, Aug 22 (Reuters) – African states like Chad and Cameroon are shaping up to be big winners from new rules to cut sulfur emissions
PARIS, Aug 22 (Reuters) – An Iranian tanker which the United States wants seized is not heading towards Greece as it sails through the Mediterranean,
By Jonathan Saul LONDON, Aug 22 (Reuters) – Citigroup’s veteran shipping finance banker Michael Parker is to become chairman of the bank’s
Fincantieri Bay Shipbuilding has been selected to construct an LNG barge to serve the U.S. east coast market. The vessel will be constructed at Fincantieri Bay
By Forrest Crellin PARIS, Aug 21 (Reuters) – The German captain of rescue ships that saved hundreds of migrants’ lives in the Mediterranean has
Interview by Paul González-Morgan (Marine Strategy) – Jose Luis Garcia Lena is Director of Spain’s Salvage and Maritime Safety Society (SASEMAR),
By Toby Sterling AMSTERDAM, Aug 21 (Reuters) – A Scottish company and a Dutch port are discussing launching a new ferry line ahead of Britain’s
LONDON, Aug 21 (Reuters) – The owner of a British-flagged tanker detained in Iran has met the country’s foreign minister, Mohammad Javad Zarif, to
GENEVA, Aug 21 (Reuters) – If Iran’s oil exports are cut to zero, international waterways will not have the same security as before, its president
ATHENS, Aug 20 (Reuters) – Greece said on Tuesday it had not had a request for an oil tanker at the center of a row between Iran and the
By Mike Wackett (The Loadstar) – Despite the escalating US/China trade war, the ten biggest US container ports posted a surprisingly robust 2.7%
Royal Dutch Shell announced Monday it has agreed to charter a fleet of fourteen new LNG-powered crude oil and product tankers as part of its drive to
JAKARTA, Aug 20 (Reuters) – Indonesian-flagged ships will comply with new low-sulphur fuel rules that start next year, the country’s Ministry of
By Verity Ratcliffe (Bloomberg) –Iran is about to burn a lot more fuel oil as a result of U.S. sanctions and new global shipping rules, reversing the
NASDAQ-listed shipowner DryShips has entered into a definitive agreement to sell all outstanding shares of the company to a holding company controlled by
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