Protection and indemnity market leader Gard is looking to increase premiums by 4% in February to deal with higher claims and ...

Evergreen Marine Corp has sold a 28-year-old container vessel for a ‘remarkable’ price of around $30m. The Taiwanese owner has sold the 5,500 teu Ever United (built 1996) with charter-free delivery ...

The company’s effort proved worthwhile. Purchased towards the end of 2020 from Japan’s NYK for just $14.5m, Veniamis and his family saw the ship’s value soar and have now apparently decided to sell it ...

Analyst Frode Morkedal said a second Trump presidency had the potential to “reshape” shipping as it did the first time around when tonne mile growth fell 0.5% in 2018, then again in 2019. “Dry bulk, ...

A US federal judge in New York is weighing requests for a judgment in a three-year court fight between Borealis Maritime and ...

Malaysian subsea shipowner OMS Group has embarked on a major fleet renewal with a newbuilding deal in the Netherlands.

“If a deal is done, it would probably be along the lines of the Kuwaiti investment in the Nghi Son refinery. In exchange for ...

Spot charter rates of modern two-stroke LNG carriers crashed to historic lows at the end of last week, despite a slight ...

Chartering and trading giant Gunvor has closed its first ever private placement of bonds in the US. The Swiss group said the ...

While there has not yet been a major oil spill from a shadow fleet accident, Sivertsen cited the case of the Gulfstream, a ...

The country's foreign minister Badr Abdel Aati said drastically reduced Suez Canal transits have cost $6bn in missing revenue ...