Shipping

Boxship fleet growing at its fastest pace in 15 years

The containership fleet is experiencing its most rapid growth in 15 years, driven by a surge in newbuild deliveries. Since the start of this year, the fleet's capacity has grown by 1.6 million TEU, marking an 11% increase from last ..

News > Shipping > 2024-07-26 09:40:03

d’Amico cancels MR tanker deal

d’Amico International Shipping (DIS) announced on July 24 that its operating subsidiary d’Amico Tankers D.A.C. (Ireland) (d’Amico Tankers), has cancelled the memorandum of agreement originally signed on April 9th, 2024..

News > Shipping > 2024-07-26 09:14:40

Castor acquires Ultramax bulker

Castor Maritime announced that on July 16, it entered, through a separate wholly-owned subsidiary, into an agreement to acquire a 2015-built Ultramax dry bulk carrier vessel from an unaffiliated third-party, for a purchase price of $25...

News > Shipping > 2024-07-26 09:08:36

Hartmann takes delivery of LEGC

Hartmann has welcomed a new LNG-powered LEG carrier (LEGC) named Gaschem Alster from Chinese shipbuilder Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE). The delivery ceremony occurred on July 19, 2024, at CIMC Pacific..

News > Shipping > 2024-07-25 09:26:10

Diana seals new charter contract

Diana Shipping announced on July 24 that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Stone Shipping Ltd, for one of its Ultramax dry bulk vessels, the m/v DSI Polaris. The gross charter ..

News > Shipping > 2024-07-25 09:18:02

ABS issues advisory on ammonia bunkering

ABS has released guidance focused on ammonia bunkering, the first such advisory for the industry. The ABS Ammonia Bunkering: Technical and Operational Advisory considers the aspects of bunkering ammonia as a fuel, providing the marit..

News > Shipping > 2024-07-25 09:14:14

Euroseas lands lucrative boxship charter

Euroseas announced on July 23 that the company signed a new time charter contract for its 1,740 feeder containership, EM Spetses, for a minimum period of 18 to a maximum period of 20 months at the option of the charterer, at a gross dai..

News > Shipping > 2024-07-25 09:02:10

Demand for tankers expected to stabilize in 2025

Clean tanker demand may normalize as fleet growth expands and the Red Sea crisis eases. According to Clarksons Research, the UK company expects strong tanker market conditions to continue in 2025. The crude tanker sector remains f..

News > Shipping > 2024-07-24 09:24:08

HD Hyundai Mipo delivers boxship quartet

Capital-Executive Ship Management Corp. announced on July 22 that it successfully delivered the 2,862 TEU newly built container vessels C/V ‘Acastos’ C/V ‘Adonis’, C/V ‘Anaxagoras’, C/V ‘Acheloo..

News > Shipping > 2024-07-23 09:14:02

Trafigura Group takes over High Heat Tankers

The Trafigura Group has completed the acquisition of Gearbulk Holding AG’s 50 percent share in joint venture company High Heat Tankers Pte Ltd (HHT) for an undisclosed sum. In addition, the Group has committed to a newbuild 17,..

News > Shipping > 2024-07-23 09:12:41