A battle on the field of regulation will herald the arrival of the next generation of vessels, according to retired Teekay CEO Peter Evensen.

The graphs for the tanker and container markets have never featured so many peaks and valleys, or so it seemed watching the opening presentation on the final day of the Connecticut Maritime Association’s Shipping 2023 event.

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

Delivery slots at China State Shipbuilding Corporation’s (CSSC) three major yards in Shanghai, Hudong-Zhonghua Shipbuilding, Jiangnan Shipyard and Waigaoqiao Shipbuilding, are full to 2027.

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

Contracting of tanker newbuildings has picked up in the first two months of 2023 although the combined orderbook still continues to decline, according to an SSY report.

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.

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

The United Nations Development Programme (UNDP) is acquiring a VLCC from Euronav to transfer oil from an abandoned FSO off the coast of Yemen that threatens environmental disaster.