Hengli Heavy Industry has bagged an order for two 306,000 dwt VLCCs from its parent company Hengli Group.

Furetank and Algoma Central Corporation are expanding their FureBear joint venture with two new 17,999dwt tankers from China Merchants Jinling Shipyard.

Consolidation continues to be the watchword when it comes to Jones Act fleets in the States as Crowley Maritime and Seacor team up in a joint venture.

The Panama Canal Authority (ACP) says that daily transit limits and draught restrictions will remain in place until next year and warns it could make additional transit reductions if the drought persists.

Wilhelmsen Ship Management (WSM) is to manage three LNG bunker tankers for Avenir LNG.

MOL Chemical Tankers is acquiring Fairfield Chemical Carriers and its fleet of 36 vessels for $400 million.

The Panama Canal Authority (ACP) has announced the suspension of two special auctions for supers size vessels from 12 - 30 September 2023.

China Merchants Jinling Shipyard in Yangzhou has won an order for two plus two 15,000 dwt oil/chemical tankers order from Sirius.

In a growing trend of try to ensure zero carbon shipping of fossil fuels classification society ABS has granted Approval in Principle (AiP) for an ammonia-fuelled LNG carrier.

Singapore-based Eastern Pacific Shipping has thrown its weight behind ammonia dual-fuel propulsion systems for a series of Newcastlemax bulk carriers and very large ammonia carriers (VLAC) to be built in China.