Kuang Ming Shipping, the dry bulk subsidiary of Taiwan’s Yang Ming Marine Transport, is returning to the newbuilding market with plans approved to order four vessels. The newbuilds, sized between ...

Punit Oza on the business sector’s impossible tightrope. “When governments pull the trigger, companies take the bullet,” he writes. In the escalating trade conflict between the United States, China, ...

IOG Wind, formerly known as CWind Taiwan, has announced that it has secured a multi-year operations and maintenance deal on the Hai Long offshore wind project. This is the company’s second long-term ...

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 ...

British class society Lloyd’s Register (LR) has published new guidance on the use of nuclear energy in commercial shipping, offering what it calls the first comprehensive roadmap for the safe and ...

Greek owner Diana Shipping has secured a strong fixture with SwissMarine for one of its capesize bulkers, locking in a daily rate well above its previous employment. The 2015-built, 180,960 dwt New ...

Italian energy services major Saipem has been awarded three new offshore contracts for the Shah Deniz Compression project operated by supermajor BP in Azerbaijan. The contracts were secured in ...

The dollar’s wobble exposes shipping’s one-currency weakness, writes Andrew Craig-Bennett. As we all know, to generate a really big shipping crash, you must start with a banking crash. If the banks ...

Greek shipowner Evangelos Marinakis is expanding his VLCC newbuilding programme, signing a contract for a 306,000 dwt supertanker at China’s Hengli Heavy Industries. The deal, valued by shipbuilding ...

Norwegian offshore vessel owner DOF has won two long-term contracts in Brazil with state-owned oil firm Petrobras. Petrobras hired the 2005-built Skandi Chieftain and the 2009-built Skandi Olympia on ...

Japan’s Mitsui OSK Lines (MOL) has appointed Rajesh Unni, founder and chairman of Synergy Marine Group, to its advisory board as part of efforts to strengthen its strategic and risk management ...

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 ...