Asia, Middle East Refining Fueling Booming Tanker Demand
By Chunzi Xu and Alex Longley (Bloomberg) — The center of gravity in the global oil-refining complex is shifting sharply eastward — and that’s
gCaptain’s full coverage of the maritime shipping industry, including containerships, tankers, dry bulk, LNG, breakbulk and more.
By Chunzi Xu and Alex Longley (Bloomberg) — The center of gravity in the global oil-refining complex is shifting sharply eastward — and that’s
By Barry Parker (gCaptain) – The International Maritime Organization’s (IMO) upcoming environmental meeting, MEPC 80, is now three months away. It
European Commission decision reinforces the crucial role Filipino seafarers play in global shipping and trade. The European Commission announced today that it
Australia has convicted the master of a Sydney-based commercial vessel for breaching a condition on his vessel’s certificate of operation. The March 20
By Alaric Nightingale and Thomas Gualtieri (Bloomberg) — A United Nations agency that oversees shipping raised concerns about the shadow fleet that has
MADRID, March 31 (Reuters) – Spain has called for tighter scrutiny of oil transfers involving tankers at sea as the number of unregulated ships
Asset management giant Oaktree Capital Management has abruptly terminated its sale of 5 million Class A common shares in TORM plc (Nasdaq: TRMD or TRMD A), a
By Marianna Parraga and Matt Spetalnick HOUSTON/WASHINGTON, March 30 (Reuters) – Valero Energy Corp VLO.N, the second-largest U.S. oil
By Bloomberg News (Bloomberg) — Russia still relies on Western insurers to cover more than half of the tanker fleet that exports its oil, according to
Shipping company Wallenius Wilhelmsen has announced a new management team and company structure, effective from March 30. The changes are aimed at
Geopolitical strategist Peter Zeihan recently shared his insights on globalization, security paradigms, and the need for North America to strengthen its supply
By Jonathan Saul LONDON, March 30 (Reuters) – Shipping group NORDEN has acquired larger capesize dry bulk ships, aiming to benefit from
The World Shipping Council (WSC) has voiced its opposition to the bipartisan Ocean Shipping Antitrust Enforcement Act, introduced this week by U.S.
By Olga Popova and Karl Plume MOSCOW/CHICAGO, March 29 (Reuters) – Cargill said on Wednesday it would take a further step back from the Russian
Himalaya Shipping Ltd., an independent bulk carrier company, announced today its plan to launch an initial public offering (IPO) of $45,000,000 of its common
Atlas Corp. (NYSE: ATCO) has announced the completion of its merger with Poseidon Acquisition Corp., a consortium of Atlas’ controlling shareholders
The U.S. Coast Guard has launched a formal marine casualty investigation into the fire that occurred aboard the Spirit of Boston passenger vessel on Friday.
Trade unions representing employees and contractors at Maersk gathered in Copenhagen this week to raise concerns about labor issues with management at the
By Barry Parker (gCaptain) – On Day 3 of the Connecticut Maritime Association’s well-attended Shipping 2023 conference, the Liner Shipping panel
Finnish-based Neste has announced a partnership with Swedish shipping company Terntank Rederi A/S to time charter two state-of-the-art, lower-emission methanol
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