The Norwegian-Japanese joint company Knutsen NYK Offshore Tankers (KNOT) has ordered for up to four suezmax shuttle tankers with Cosco Shipping Heavy Industry (Zhoushan).
As shipping company earnings benefit from disruption in the Red Sea the Singapore Maritime Officers Union (SMOU) has called on companies to remember seafarers when it comes to bonuses.
South Korean shipping company HMM remained profitable in Q4 2023 despite the pressure on container markets.