Brent oil prices have risen by more than 8% over the las two weeks and are set to rise further as Saudi Arabia and Russia extend oil export cuts.

Auctions of transit slots on the Panama Canal have skyrocketed with one owner paying a $2.4 million bid recently.

The US financial institution JP Morgan has placed an order for two advanced dual-fuel methanol carriers with China’s Guangzhou Shipbuilding International (GSI). The methanol carriers, to be delivered in 2026, will be employed on a time charter...

China Merchants Energy Shipping (CMES) has ordered a methanol dual-fuel VLCC, claimed to be the world’s first methanol-fuelled VLCC.

A cargo airline has become must have for top container lines, but tanker and offshore wind vessel owner Scorpio Holding is building a significant stake in a low cost carrier

AET has taken delivery of the first of three LNG dual-fuel VLCCs for long-term charter to Shell.

Avance Gas has exercised an option for two additional LPG/ammonia gas carriers from Nantong CIMC Sinopacific Offshore & Engineering.

A VLCC newbuilding orderbook that sits at just 1.5% of the current fleet and the fact any new vessel contracts inked now won’t be delivered until second half of 2026, was flagged up by Frontline during its half year results.

Dalian Shipbuilding Industry Company (DSIC) has signed a contract for the construction of up to four 175,000 cu m LNG carriers with new joint venture Sea Jade Investment Limited.