A joint venture between Stolt-Nielsen and NYK Line has ordered six 38,000 dwt chemical tankers at Nantong Xiangyu Shipyard in China.
![Two Northern Lights CO2 carriers under construction at Dalian]( "Two Northern Lights CO2 carriers under construction at Dalian")
Kawasaki Kisen Kaisha (K Line) has picked up charters for the third CO2 carrier from oil major-backed CO2 transport company Northern Lights shipping.
The forecast return of VLCC newbuilding orders would appear to have taken off with Dalian Shipbuilding Industry (DSIC) announcing that the company has contracted up to 14 newbuild orders from two European owners.
In a market with a tight supply of large tankers DHT Holdings earned an average of $42,800 per day for its fleet of 24 VLCCs in the fourth quarter of 2023.
A kamsarmax bulker and a general cargo ship have been damaged in the Red Sea by apparent Houthi attacks.
Houthi attacks on shipping in the Southern Red Sea have seen many ship operators rerouting vessels via the Cape of Good Hope, but despite the risk others have continued to send vessels through the region.
As the situation in the Red Sea disrupts normal operations, legal and insurance experts explore some of the practical and legal considerations shipowners and charterers face.
Greek shipowner TMS Cardiff Gas has inked a long-term contract with Singapore shipyard group Seatrium for LNG carrier repairs and upgrades.
