Shipping

Hornblower Group, a prominent provider of water and land-based experiences, has successfully completed its financial restructuring process after filing for

By Malte Humpert (gCaptain) – After a three-month odyssey aboard Chinese heavy lift vessel Wei Xiao Tian Shi, two Russia-bound LNG modules are headed

Maersk highlighted significant challenges posed by the ongoing Red Sea situation, which has forced ships to divert around Africa, increasing costs and

SFL Corporation Ltd. (NYSE: SFL) announced today the agreement of new 5-year time charters for four 8,700 TEU container vessels, adding approximately $240

By Erwin Seba and Arathy Somasekhar HOUSTON, July 8 (Reuters) – The Texas energy industry braced for Hurricane Beryl’s impact on

The United Nations’ International Maritime Organization (IMO) has issued an urgent call for in-kind contributions of spill response equipment to support

June saw further tightening of market conditions on key deep-sea container trades, with spot rates and associated surcharges increasing every week throughout

By Gavin van Marle (The Loadstar) – Since the 1 July implementation of a series of peak season surcharges (PSS) and new FAK (freight all kinds) levels,

Marine insurer Gard has published a new report analyzing five years of data from over 20,000 cases, shedding light on critical trends in seafarer injuries and

Norwegian-based shipowner Ocean Yield AS has announced an agreement to purchase infrastructure fund CVC DIF’s share in the French company Geogas LNG. The

Golar LNG Ltd. has finalized agreements with Pan American Energy (PAE) to deploy a Floating Liquefied Natural Gas (FLNG) vessel in Argentina for a 20-year

By Alex Longley and Jack Wittels (Bloomberg) — Some of the world’s biggest oil-hauling supertankers are instead loading up vast volumes of diesel in

LONDON, July 3 (Reuters) – Yemen’s Houthis are sending drone boats packed with explosives into the Red Sea as they intensify their attacks on

By Simon Marks (Bloomberg) — Attacks by Iran-backed Houthi militants on the Red Sea have reinvigorated piracy networks in Somalia, with criminal groups

By Charlotte Goldstone (The Loadstar) – MSC now holds a 20% share of the global container shipping market, in terms of capacity offered, a record in the

By Cindy Wang, Yian Lee and Foster Wong (Bloomberg) — China detained a Taiwanese fishing boat and its crew, a move that risks worsening tensions with

Crowley has been awarded a $2.3 billion, seven-year contract extension by U.S. Transportation Command (USTRANSCOM). The contract will enable Crowley to

ATHENS/LONDON, July 3 (Reuters) – An abandoned tanker that was drifting off Yemen’s coast in June has disappeared and is believed to have

DOF Group ASA will acquire Maersk Supply Service A/S (MSS) for approximately USD 1.112 billion. The deal will be financed through a combination of cash and new

The Paris Memorandum of Understanding (MoU) on Port State Control saw a slight decrease in the overall detention rate in 2023, though it has not returned to