Hong Kong-based CSSC Shipping recorded a revenue of HK$3.21bn ($408m) last year, a year-on-year increased of 29.9%, the operation's efficiency reached the best level since the founding of the company decade ago.

The Greek controlled fleet decreased in number of vessels, DWT and GT in the 12 months to March 2023 for its biggest decline since 2008 as owners move to renew their fleets.

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.