China Merchants Energy Shipping has placed orders at CSSC Dalian Shipbuilding Industry (DSIC) for the construction of two large size LNG carriers and two crude oil tankers.

Reederei F. Laeisz owner and CEO Nikolaus H. Schües has been elected Bimco president, taking over from Wah Kwong's Sabrina Chao.

China Merchants Group is integrating shipping resources along the Yangtze river to promote the development of the Yangtze river economic belt.

A severe drought affecting the Panama Canal is forcing the Panama Cana Authority (ACP) to reduce draughts and container vessels to lighten their loads.

Surging US oil and LNG exports are benefiting the Port of Corpus Christi and major clients Enbridge and Cheniere are expanding their activities.

NYK is ordering four LNG carrier newbuildings for charter to German energy company EnBW.

Euronav CEO Hugo De Stoop is leaving with immediate effect from the Belgian tanker company at the centre of a failed merger with John Fredriksen’s Frontline.

Iran has detained a third tanker in the space of 19 days, as the confrontation over the control of maritime assets in the Persian Gulf heats up.

Scorpio Tankers announced it will exercise purchase options on five MR tanker built between 2019 and 2020.

Counter-seasonal movements in the first quarter 2023 large tanker market have only been seen twice previously since 1990, according to Euronav’s latest earnings report.