Maritime investment advisor ProMarine A has launched the first sustainable shipping fund called the Low Emission Methanol Shipping Company or LEMSCO, but questions remain about how sustainable this fund really is.

Even restricting the Panama Canal number of Neo-Panamax transits to just five there should still be enough capacity for containerships, however, it will be a different story for other vessel types such as gas carriers.

Monjasa Group has acquired two tankers to provide floating storage for its West Africa marine fuel operations.

The latest restrictions on transits of the Panama Canal have prompted Ocean Network Express (ONE) CEO Jeremy Nixon to write to Panama President Cortizo, while other shipowners have already started diverting sailings.

International Seaways (NYSE: INSW), the large New York based tanker owner is set to sail ahead on a unique confluence of rising tides.

With the Panama Canal implementing sharp cuts in the number of booking slots for transits in the coming months tankers are set to be squeezed out of using the key waterway.

Singapore-listed Chinese shipbuilder Yangzijiang Shipbuilding has secured $770 million of newbuilding orders during the third quarter of 2023.

CSSC (Hong Kong) Shipping Company has inked sale and leaseback contracts for three large-size gas carriers.

Shipping investor Hayfin has placed an order for up to four ‘enhanced methanol ready’ Suezmax tankers at South Korean shipbuilder Hyundai Heavy Industries (HHI).

At the beginning of October it was full speed ahead for Greek shipowners renewing their fleets with newbuilding orders up 40 - 50% over the past 12 months.