One of the top Chinese shipyards, Shanghai Waigaoqiao Shipbuilding (SWS), has delivered a 400,000-tonne very large ore carrier (VLOC), named Pacific Vision, to China Merchants Energy Shipping. It is the first intelligent VLOC as certificated by...

Polaris Shipping has inked a KRW908bn ($800m) order with Hyundai Heavy Industries (HHI) for 10 VLOCs.

Brazilian miner Vale has sold two VLOCs to China’s Bank of Communications Financial Leasing Co (Bocomm).

China Merchants Energy Shipping (CMES) has stepped up to be the guarantor for close to $1bn in borrowings from the Export-Import Bank of China (China EximBank) for 10 VLOCs and five VLCCs on order.

Hyundai Heavy Industries (HHI) has landed a contract to build three VLOCs for compatriot Polaris Shipping Co, the local media reported.

“Ships are like living creatures” my old lecturer in naval architecture (we called it “ship construction” in those days) used to say before suggesting that they needed to be treated with kindness, in terms of maintenance and the avoidance of...

The freight market is enjoying a pre-Easter surprise rally with rising rates, virtually unaffected the recent plunges in seaborne iron ore prices but some detect the beginning of some post-holiday jitters.

A lot of exciting news about innovation in the shipping industry came out of last week’s Gastech 2017 with a number of the industry’s well known names seen to be seeking to make sea transportation of gas products more efficient, cost effective...

Twenty-two seafarers are missing after the VLOC Stellar Daisy sank in the south Atlantic.

Australia’s Fortescue Meals Group has secured a financing agreement worth $473m from China Development Bank Financial Leasing Co (CDB Leasing) for the construction of eight VLOCs.