COSCO has sold the Japanese-built, scrubber-fitted VLCC Cosgrand Lake (299,000 dwt, built 2006) at a steep discount, brokers say. Market sources report the 19-year-old tanker has been committed to ...

Greek dry bulk heavyweight Star Bulk Carriers has confirmed agreements to acquire three kamsarmax vessels at Hengli Shipbuilding. The Nasdaq-listed, Athens-based owner signed three novation and ...

SLB OneSubsea, a joint venture backed by SLB, Aker Solutions, and Subsea7, has won a contract from energy major BP for a subsea boosting system in the Tiber deepwater development off the US. This ...

DeepOcean has secured a new contract on the UK continental shelf to deliver subsea construction and tie-in work for a field that will be developed as a subsea tieback to an existing host facility. The ...

“Hong Kong is in a sweet spot,” said Richard Hext last night on taking over the reins of the local shipowners association in one of the highlights of the city’s ongoing maritime week. Hext, the ...

Latest shipping traffic data points toward a rise in Suez Canal transits, with authorities in Egypt hoping the recent truce announced by the Houthis will lead to a full-scale return to normal traffic ...

Global Chartering, the Greek-Indian joint venture between Peter Livanos’ DryLog and steelmaker ArcelorMittal, has pressed ahead with its fleet renewal plans after securing new tonnage in China and ...

Singapore maritime tech firm Assentiri has debuted its Virtual Closing Room (VCR) – a dedicated ship transaction application developed for use inside Microsoft Teams. In shipping, the most sensitive ...

A Turkish-flagged LPG carrier has been engulfed in flames after being struck by an unidentified projectile during offloading operations at Ukraine’s Port of Izmail on Monday, the latest escalation in ...

Malaysian offshore vessel owner Keyfield International has moved to further reshape its fleet with the sale of a six-year-old accommodation workboat to a Bruneian buyer. The company said its ...

New York-listed Diana Shipping has confirmed that the planned sale of an ultramax bulker in which it holds a minority stake has collapsed. The Semiramis Paliou-led company said the memorandum of ...

Retention has quietly become one of shipping’s biggest business headaches. Global pay packets may have risen across most ranks this year, but the data tells a starker story — only four in ten ...