Fears of another Ever Given-style blockage of the Suez Canal were averted yesterday when the Egyptian authorities succeeded in freeing an Aframax crude carrier.

The Baltic Exchange is optimistic that the outlook for global shipping is improving, despite the reduction in global bulk energy needs caused by the pandemic.

August has been the most expensive month ever for power in Europe, according to analysts at Oslo-based Rystad Energy, setting another new record after July.

Dalian Cosco KHI Ship Engineering has announced a contract build two dual-fuel VLCCs for Mitsui O.S.K Lines (MOL).

In the first of a series of interviews ahead of the Saudi Maritime Congress Maria I. Angelicoussis talks about the company’s diversified strategy and opportunities in the Middle East region.

No VLCCs or Suezmax tankers have been ordered for more than a year, as owners hold off in the face of sharply higher prices and other uncertainties.

Swedish owner Concordia has put on hold plans to convert a product tanker into a containership.

Maritime transportation specialist Dubai Financial Market-listed Gulf Navigation has secured a five-year refinancing package for five petrochemical tankers from a Chinese lender.

A new joint venture, FureBear, between Swedish tanker owner, Furetank, and Canada’s Algoma Central Corp has ordered four 17,999dwt dual-fuel ice-class products tankers at China Merchants Jinling Shipyard.

Greek owners have held their top spot in sale and purchase deals so far this year, connected to more than 30% of reported transactions in deadweight terms.