US investment giant KKR has launched a new container leasing and financing company with half a billion dollars in committed capital, marking its latest move into asset-based maritime investments. The ...

After rejecting Maersk Offshore Wind’s notice of termination of a contract for the construction of a near-complete wind turbine installation vessel, Singapore shipyard group Seatrium was hit with a ...

Shipping historians covering the International Maritime Organisation (IMO) would need to go back more than 40 years to a comparable setback to what played out on Friday and the downing of the Net-Zero ...

Pakistan National Shipping Corporation (PNSC) has approved the acquisition of three secondhand tankers for about $193m, as part of its drive to double the national fleet to 30 vessels by 2026. The ...

Greek owner Primebulk Shipmanagement is closing in on a tidy profit, clearing out an elderly capesize vessel in a firming market. Brokers note that the Paul Coronis-led company is selling the 178,100 ...

Tor Olav Trøim is deepening his comeback in the tanker sector, with Oslo-listed Bruton revealing a fresh deal that could double its VLCC newbuilding programme at China’s New Times Shipbuilding. The ...

Norwegian ocean services contractor DeepOcean has entered into a time charter agreement for Glomar Offshore’s multipurpose support vessel Glomar Supporter. DeepOcean will utilise the 2009-built vessel ...

New York-listed offshore driller Valaris has won a contract for one of its drillships from a subsidiary of supermajor BP. The contract for the 2014-built Valaris DS-12 is for five wells with BP ...

Greece’s Navios Maritime Partners has sold three older vessels — including one of its oldest VLCCs — as part of its fleet renewal programme, while adding a newly built product tanker and fixing ...

The European Union is preparing its most aggressive move yet against Russia’s shadow tanker fleet, with plans to give member states the power to board and inspect vessels suspected of breaching ...

Israel’s XT Shipping has returned to the newbuilding market with a pair of containerships in China. The maritime arm of Idan Ofer and Udi Angel’s XT Group has contracted 3,160 teu scrubber-fitted ...

German shipowner Oldendorff Carriers and fellow steelmaker Salzgitter have signed a long-term deal to lower carbon emissions from the seaborne transport of iron ore to Hamburg. Starting in January ...