The outbreak of new Middle East hostilities drew weakening oil prices to an abrupt halt yesterday as both benchmark crude oils – Brent and West Texas Intermediate – leapt by more than 4%.

The Cypriot shipping industry has long been a maritime powerhouse, both historically and in the modern era especially in the Eastern Mediterranean and more recently within the European Union.

Oldendorff Carriers inked a contract with the Maritime Trainer (MTR) for online training of seafarers for around 90 bulk carriers.

Outgoing International Maritime Organization (IMO) Secretary General Kitack Lim says working with the European Commission was a “unique experience” that had its “positive elements”.

The settlement of the long running wrangle for control of Euronav between Frontline and CMB will see the company diversifying away from crude oil transportation and taking a stronger role in decarbonisation.

Skarv Shipping Solutions, a joint venture between Peak Group and Grieg Edge, has signed a contract with China’s Huanghai Shipbuilding for four 7,000 dwt multipurpose vessels with an option for another four.

John Fredriksen’s Frontline is set to become the largest public-listed pure play tanker owner with the acquisition of 24 VLCCs from Euronav for $2.35 billion.

Climate change is no longer the topic of numerous conferences only, it is a reality. While torrential rains affect the Capital City in Panama, dark clouds over the Canal watershed should indicate equal deluge on Gatun Lake and the waterway...

SAL Heavy Lift is adding two top modern semi-submersible deck carriers through long term charters with its partner Shanghai Salvage.

Maersk’s C2X has signed a comprehensive Framework Agreement (FWA) with its Egyptian sponsors and partners, in presence of the Egyptian Prime Minister. The goal of the agreement is to enable and accelerate large scale production of green methanol...