Maran Tankers Management (MTM), subsidiary of Greece’s Angelicoussis Shipping Group, has booked four VLCCs at South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME).
Top Ships Inc announced on Wednesday that it has entered into joint venture agreements with commodities trader Gunvor Group to co-own two 50,000-dwt product tankers currently under construction at Hyundai.
Russia’s shipping group Sovcomflot has called on the Russian government to continue its drive to improve navigational safety measures on the Northern Sea Route (NSR) and for a ban on substandard ships with untrained crew sailing in the...
China Merchants Energy Shipping (CMES) has warned investors of a significant decline in net profit for the first half ended 30 June 2017 compared to the year-ago period.
Newbuild contracting activity for VLCCs has risen to the highest level since 2008, prompting Bimco to warn of a potential “fundamental imbalance” that would take “years to overcome.”
Cosco Shipping Energy Transportation (CSET) has secured a $543.9m loan from the Export-Import Bank of China (China EximBank) to fund the construction of 10 newbuild tanker vessels.
Cautious optimism is in the air over the shipping industry’s fortunes over the next 12 months, lifting confidence in the sector to a three-year high for the three months ended 31 May 2017, according to the latest Shipping Confidence Survey from...
DHT Holdings has announced on Wednesday that the High Court of the Marshall Islands has denied Frontline’s attempt to block a vessel acquisition deal between DHT and BW Group.