Saudi shipowner Bahri and classification society DNV GL have signed a partnership to develop and leverage big data capabilities.

Thailand’s newly-listed Prima Marine (PRM) is planning to double the size of its fleet over the next three years, including the purchase of at least one VLCC and two FSO vessels, reports said.

Bahri aims to register all its fleet of 39 VLCCs with the Saudi national flag by year-end as its latest large tanker joins the registry.

Tanker owner Euronav says the delay in implementation of the IMO’s Ballast Water Management (BWM) Convention for all large tankers by two years will have little impact on the market.

Mitsui OSK Lines (MOL) has upped its full year profit forecast for the year ended 31 March 2018 by 20% to JPY12bn ($108.5m) as it forecasts a gradual improvement in most major shipping sectors.

Saudi shipowner Bahri has continued to grow its fleet with the addition of 39th VLCC.

John Fredriksen's Frontline has given up its consolidation ambitions for now.

Drawing a line under Frontline’s attempts to take over rival DHT Holdings a Marshall Islands court has dismissed a lawsuit against DHT and BW Group.

Saudi Arabian shipowner Bahri’s fleet of VLCCs has increased to 38 with the delivery of its latest newbuilding from Hyundai Heavy Industries (HHI).

Geopolitical developments, politely called “exogenous factors” have a funny way of creeping up on shipping people, and, sometimes, but not always, impacting trade flows in ways not envisioned only a few days earlier.