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First Ship Lease Trust (FSL Trust) has demanded the redelivery of two crude oil tankers after the lessees, Geden Holdings, defaulted on their lease payments.
Net profit at Russian tanker outfit Sovcomflot dropped 95.6% year on year from $45.4m in the first quarter 2012 to $2m in the same period 2013.
IHI Corporation has purchased a 25% stake in Brazilian yard Estaleiro Atlantico Sul (EAS) for BRL201m ($94m).
The outlook for the global shipping market will remain grim over the next 12-18 months as the supply of ships will likely continue to outstrip demand in most shipping services,…
"We probably won't close the gap completely with a newbuilding, but we'll get pretty close," commented Tommy Thomassen, VP of Technical Organisation at Maersk Tankers. He was speaking after the…
Commodities trading firm Gunvor Group has partnered with Oiltanking GmbH to construct a greenfield terminal, Oiltanking Karimun, on Karimun island, Indonesia.
Qatar Gas Transport Company (Nakilat) has signed a $917m refinancing deal with Qatar National Bank (QNB).
The Asian Shipowners' Forum (ASF) and European Community Shipowers' Associations (ECSA) were officially recognised as regional partners of the International Chamber of Shipping (ICS) at its agm in Oslo last…
The Spring of 2013 has brought a revival of shipping deals for Greek shipping companies listed in New York. Following a successful $50 million offering of "preferred" shares by Tsakos…
Shipping Corporation of India (SCI) has penned a memorandum of understanding with GAIL (India) to transport LNG sourced by the natural gas company from US.
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