The oil markets are in flux today as tanker trades retrench and Russia’s two largest buyers of oil pause buying the fuel that has helped fund Moscow’s war in Ukraine for the past three and a half ...

US-listed offshore drilling contractor Valaris has secured a series of contract awards and extensions in the UK North Sea, including a new offshore wind support deal with GE Vernova. The latest ...

The monthly publication of Clarksons Research’s World Fleet Monitor increasingly shows data that reflects the extraordinary geopolitical challenges and machinations that shipping has to navigate in ...

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 ...

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 ...

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 ...

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 ...

Seven people are missing after a service boat carrying signing crew capsized earlier today alongside the Scorpio-managed oil/chemical tanker Sea Quest off Beira outer anchorage in Mozambique. 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 ...

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 ...

Over the weekend, a number of ships bound for China turned around following Friday’s retaliatory measure from Beijing against American-linked tonnage. Starting tomorrow to coincide with the US plans ...

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 ...