Euronav avoids a complete board sweep by CMB in a general meeting while both John Fredriksen and Marc Saverys have been voted on.

Banks and financiers in the maritime industry will have to make tougher business decisions to meet commitments made under the Poseidon Principles, according to Citi’s Michael Parker.

The debacle of the Silicon Valley Bank (SVB) was generally unexpected given that banks have faced tighter regulation ever since the Lehman Brothers collapse in 2008.

Danish tanker owner Torm today announced a series of finance and refinance deals along with a $563m net profit for 2022.

Scorpio Tankers is exercising purchase options on six vessels it has under lease.

Asset financier NIBC Shipping reported a strong performance for 2022, bringing its shipping portfolio growth to 30% over two years.

Israeli container line ZIM is the latest line to release its 2022 results, adding to the trend of significantly lower rates and profit in the fourth quarter 2022.

Increased activity is bubbling through the Offshore Support Vessel (OSV) sector, and US companies are in the thick of the action with Tidewater leading the charge.

Glass Lewis, an independent proxy advisor appointed by Euronav to appraise proposals at an upcoming shareholder meeting, has backed Euronav’s voting recommendations.

When a ship financier told Marine Money Gulf in Dubai this week that, like many colleagues, his firm existed to make money and had no compunction in exclusively financing aging and conventionally-powered vessels, it was enough to bring one of the...