US Jones Act stalwart, Overseas Shipholding Group (NYSE:OSG) has received a takeover offer from largest shareholder privately held Saltchuk Resources.

The world’s third largest ship registry – the Marshall Island Registry – has reached the milestone of over 200 million gt of vessels on its books.

Profit at Nakilat reached a record QAR1,559m ($427.7m) in 2023, despite geopolitical challenges in the shipping industry.

Singapore-based Eastern Pacific Shipping (EPS) has ordered an additional two 7,000 ceu LNG-powered pure car and truck carriers from China Merchants Jinling Shipyard.

Houthi militia are increasingly targeting US and UK-owned vessels transiting the Red Sea with at least three ships from the two countries hit by missiles in the last two weeks, while several others have come under fire.

Crowley has taken delivery of eWolf, the first all-electric, harbour tugboat in the US.

Container ship transits of the Panama Canal have seen something of a renaissance as other vessel types avoid the waterway.

Middle East hostilities and decisions by many owners to re-route ships around the Cape of Good Hope is shoring up markets and keeping freight rates above expectations, which does not equate to good news for ship recycling markets.

Under a swap deal, Equinor is set to take full ownership of the Empire Wind lease and projects while BP will take full ownership of the Beacon Wind lease and projects.