Container shipping rises first and highest, then dry bulk, then product tankers, then crude tankers.
That’s the emerging consensus on how a post-COVID global recovery will play out in ocean shipping.
Phase one — containers — is now in...
Essar Oil’s huge refinery at Stanlow supplies 16% of the UK’s road fuel and its round-the-clock operation sees 740 tankers and 9m tonnes of crude oil in the Mersey estuary each year.
Around 140 vessels, carrying up to...
21 ships were anchored off the coast of Los Angeles and Long Beach waiting to dock on Wednesday.
The California ports are congested and account for about one-third of US imports.
The delays are just the latest in a host of supply-chain issues.
According to...
The VLOCs list of buy and sell orders seems to gradually decrease.
14 VLOCs are scheduled for handover this year, marking the first time annual deliveries have fallen below 25 ships in four years.
The orderbook for very large ore...
Castor Maritime Inc. announces the delivery of the M/V Magic Twilight and M/V Magic Thunder.
The pursuant to the transactions was previously announced on February 18 and March 12, 2021, respectively.
Both acquisitions were financed in their entirety...
Maersk Tankers has on behalf of Maersk Product Tankers entered an agreement for the sale of six new Long-Range 2 (LR2) product tankers in an en-bloc transaction, reads the company press release.
Financial returns for investors
The transaction happens in...
Seanergy Maritime Holdings Corp., received a commitment letter from one of its existing lenders for a $37.45 m facility, says a press release published on their website.
Financing updates
The proceeds will be used to refinance the $24.45 million existing facility...
ADNOC Logistics & Services acquired two additional Very Large Crude Carriers (VLCC), bringing the total number of VLCCs added to its fleet in 2021 to eight, says a press release published on their website.
VLCC fleet expansion
The VLCC fleet expansion...
Høglund has signed a contract with Guangzhou Shipyard International to supply the fuel gas supply system (FGSS) for four LR2 product/crude oil tankers, reports The Motor Ship.
Ship Delivery
The 114,000dwt newbuildings have been ordered by China Bank of Communications Financial...
New York-listed tanker owner and operator Navios Maritime Acquisition has secured an up to $100m loan from a subsidiary of N Shipmanagement Acquisition.
A two-year loan has scheduled amortisation and bears interest at a rate of 11% per...
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