Altera Shuttle Tankers has sold its twenty-year-old aframax for conversion into a floating storage and offloading (FSO) unit. The Samsung-built 93,000 dwt shuttle tanker , VesselsValue lists at around $32.6m has been offloaded for $19m. The vessel which operated in the North Sea contract of affreightment pool has already been delivered to an unnamed buyer […]

Singapore-based BW Epic Kosan has maintained its focus on larger and younger tonnage with the addition of two more ships to its owned list. The Oslo-listed midsize LPG specialist of the BW Group revealed in its quarterly earnings report that it had acquired a pair of 7,500 cu m pressurised vessels at “well below current […]

Italian energy firm Eni and compatriot class society Rina have joined forces to accelerate the implementation of green fuels as part of the energy transition and decarbonisation of maritime transport. The deal will focus on the use of hydrogenated vegetable oil (HVO) biofuel produced by Eni as well as low-carbon energy carriers such as blue […]

Hot on the heels of an exclusive preferred bidder agreement for the Eastern Green Link 2 cable connection in the UK, Italy’s Prysmian has been pre-selected by SP Transmission and National Grid Electricity Transmission for the Eastern Green Link 1.  Earlier this month, the Milan-based cabling giant said contract talks with SSEN Transmission and National […]

Container shipping has been relying on one of its top tricks in its playbook to rein in the worst of the markets by going super slow.  According to Clarksons Research, the container fleet moved at all-time slow speeds in Q1, with analysis from BIMCO suggesting that ships could go slower still.  During the covid pandemic […]

Even Russia’s closest allies are getting jittery about the state of the tonnage being used to haul oil across the globe. Data analytics firm Voretxa has reported of Chinese ports raising their scrutiny regarding port inspection when it comes to older tankers. The latest port to implement tighter measures is the port of Qingdao, focusing […]

Five weeks from today sees the start of the keenly anticipated 80th gathering of the Marine Environment Protection Committee (MEPC) at the London headquarters of the International Maritime Organization (IMO), a meeting where the shipping industry will likely hear about forthcoming more stringent green targets. Shipping has faced significant pressure from regulators and NGOs alike […]

A merger between satellite communications giants Viasat and Inmarsat is set to be completed by the end of the month, having secured all regulatory clearances. The European Commission gave its unconditional approval after the US Federal Communications Commission and UK authorities gave their blessings for the $7.3bn deal earlier this month. In November 2021, California-based […]

Norwegian owner Ocean Yield has signed up for eight or nine ammonia-ready newcastlemax bulk carriers booked for construction in China by Belgium’s Bocimar, the bulkers unit of the Saverys family’s Compagnie Maritime Belge (CMB). The sale and leaseback specialist of US investment firm Kohlberg Kravis Roberts (KKR) last year struck a deal for at least […]

In the tanker sector, Simatech has declared options for a pair of 52,000 dwt MR tankers at Korean yard Hyundai Mipo. The units are due to be delivered in Q3 and Q4 2025 with Clarksons listing a price of $46.6m per unit. Hyundai Mipo’s enormously popular 52,000 dwt tanker series has been snapped up a […]